Hindustan Zinc Ltd.

BSE: 500188 | NSE: HINDZINC
Large Cap | Metal - Non Ferrous
588.90
-3.25 (-0.55%)
< Home < Back

Hindustan Zinc, Cairn India ink pact with Rajasthan govt to invest Rs 20,500 crore

Date: 06-05-2015

Hindustan Zinc and Cairn India have entered into Memorandum of Understanding (MoU) with the government of Rajasthan to invest Rs 20,500 crore in the state in the next three years. Both companies are subsidiaries of Vedanta Resources.

Hindustan Zinc, the world’s second biggest zinc producer, operates the world’s third largest open-pit mine, and world’s largest Zinc Mine in Rampura Agucha, Rajasthan. It has other mines in Sindesar Khurd, Rajpura Dariba, Kayar and Zawar, all in Rajasthan. Cairn India’s Mangala field in Rajasthan is the largest onshore oil discovery in India in more than 20 years.