Hindustan Zinc Ltd.

BSE: 500188 | NSE: HINDZINC
Large Cap | Metal - Non Ferrous
588.90
-3.25 (-0.55%)
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Hindustan Zinc inches up on registering 16% rise in Q2 output

Date: 09-10-2013

Hindustan Zinc is currently trading at Rs 130.70, up by 0.10 points or 0.08% from its previous closing of Rs 130.60 on the BSE.

The scrip opened at Rs 130.00 and has touched a high and low of Rs 131.35 and Rs 128.70 respectively. So far 77857 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 94.00 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs 135.70 and Rs 130.25 respectively. The current market cap of the company is Rs 55267.17 crore.

The promoters holding in the company stood at 64.92% while Institutions and Non-Institutions held 3.49% and 31.59% respectively.

Hindustan Zinc has registered 16% rise in second quarter output at 222kt in quarter under review as compared to 190kt in the corresponding prior periods. Moreover, the output for first half of FY14 (H1FY14) grew 22% at 459kt as compared to 377kt in same period of FY13.

Of total Integrated production of refined zinc was the highest ever at 195kt in Q2 and 368kt in H1FY14, up by 28% and 19% respectively from a year ago. The increase was due to higher smelter utilization rate, driven by higher operational efficiencies and improved raw material availability.

Meanwhile, integrated production of refined lead was 31kt in Q2 and 60kt in the six months, up 29% and 13% respectively from a year ago. Integrated saleable silver production was 83 tonnes in Q2 and 160 tonnes in the half year, up by 14% and 12% as compared to corresponding prior periods.

The Kayad and Rampura Agucha underground mine projects are progressing well to deliver commercial production in this fiscal year.