Hindustan Zinc Ltd.

BSE: 500188 | NSE: HINDZINC
Large Cap | Metal - Non Ferrous
588.90
-3.25 (-0.55%)
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Hindustan Zinc gains on registering 16.59% growth in Mined metal production in Q4FY13

Date: 10-04-2013

Hindustan Zinc is currently trading at Rs. 117.50, up by 0.15 points or 0.13% from its previous closing of Rs. 117.35 on the BSE.

The scrip opened at Rs. 117.50 and has touched a high and low of Rs. 118.20 and Rs. 116.50 respectively. So far 25726 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 146.80 on 18-Dec-2012 and a 52 week low of Rs. 110.55 on 22-Mar-2013.

Last one week high and low of the scrip stood at Rs. 123.70 and Rs. 114.55 respectively. The current market cap of the company is Rs. 49732.00 crore.

The promoters holding in the company stood at 64.92% while Institutions and Non-Institutions held 33.01% and 2.07% respectively.

Hindustan Zinc has registered 16.59% jump in Mined metal production at 260 thousand tonnes in Q4FY13 as compared to 223 thousand tonnes in corresponding quarter previous year. For the full year, the company’s production of Mined metal stood at 870 thousand tonnes in FY 2012-13 as compared with 830 thousand tonnes in FY12. This was in line with the annual mine plan.

In line with the mined metal production trend during the year, integrated production of refined Zinc was up 8% sequentially to 181 thousand tonnes in Q4. However, integrated production of refined Zinc was down 4% in Q4 and 12% in FY 2012-13 from a year ago. Zinc metal-in-concentrate of 61 thousand tonnes was sold during the quarter.

Integrated production of refined Lead was 32 thousand tonnes in Q4 and 107 thousand tonnes in the full year, up 2% and 20% respectively from corresponding prior periods. Integrated refined Silver production was 100 tonnes in Q4 and 322 tonnes in the full year, up 20% and 36% respectively, driven by the ramp-up of SK mine and Dariba Lead smelter.

During the year, Rampura Agucha underground mine and Kayad mine achieved the milestone of development ore production. Both the mines will start commercial production in FY 2013-14.