17.45 (2.96%) Hindustan Zinc has incorporated wholly owned subsidiary in the name and style of ‘Hindustan Zinc Fertilisers’ in the state of Rajasthan. The company has fully subscribed to 1 lakh equity shares of Hindustan Zinc Fertilisers for face value of Rs 10 each aggregating to Rs 10 lakh.
The new entity will carry on India & elsewhere business of manufacture, sale and dealing of multiple grades of nitrogenous, phosphatic, potassic fertilizers; chemical & other allied items and generally dealing in all types, classes and kinds of fertilizers, their intermediates, co-products and micro-nutrients that are essential to various crops/industries and in particular dealing with DAP/NPK complex fertilizers along with specialty and crop specific fertilizers, crop protection chemicals, any other downstream chemicals and related products based on consumers need and all kind of fertilizers and/or other disposition of all such products and by-products, through its state of art facilities and to carry out any other activity/activities and related services incidental in relation to the main object.
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.