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DEA clears decks for Hindustan Zinc’s stake sale

25 Sep 2013 Evaluate

The Department of Economic Affairs (DEA) has cleared the decks for Hindustan Zinc and Balco stake sale and now the mines ministry will take a final call. Through this stake sale the finance ministry expects to rake in Rs 25,000 crore.

Sterlite Industries, an Anil Agarwal-promoted company which was merged with Sesa Goa last month holds 64.92% stake in Hindustan Zinc and the rest of the stake is with the Government of India.  Agarwal had already offered around Rs 17,000 crore for 29.54% stake to government.

Hindustan Zinc, country's only integrated zinc producer, manufactures three qualities of zinc -- special high grade zinc used in construction, infrastructure, household appliances etc; high grade zinc and prime western zinc. It manufactures silver used in photographic material, conductor, jewellery, etc.

Hindustan Zinc Share Price

633.40 -1.60 (-0.25%)
11-May-2026 09:57 View Price Chart
Peers
Company Name CMP
Hindalco 1033.70
Vedanta 297.30
Hindustan Zinc 633.40
Jain Resource Recycl 561.45
Gravita India 1784.60
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