AGM on August 18, 2017
Hindustan Zinc Ltd has informed BSE that the 51st Annual General Meeting (AGM) of the Company will be held on August 18, 2017.31-07-2017
AGM on August 18, 2017
Hindustan Zinc Ltd has informed BSE that the 51st Annual General Meeting (AGM) of the Company will be held on August 18, 2017.Beneath the Surface: How Hindustan Zinc grew to become the world's second largest zinc producer
With Vedanta buying a majority stake, Hindustan Zinc has gone from deep losses to becoming the group's most profitable unit Read moreHindustan Zinc: Strong prospects getting priced in
The company is on course to achieve production guidance while outlook for zinc prices remains strongStatement Of Investor Grievances For The Quarter Ended 30Th June 2017
Statement of investor grievances for the quarter ended 30th June 2017Hindustan Zinc, Asia's biggest zinc producer, expects prices to soar
Already high zinc prices are expected to now hit decadal highs, due to production cuts in the industry. CEO Sunil Duggal, after a strong Q1 performance by Hindustan Zinc, said he expects prices of the metal to rise significantly in the next two quarters, touching $3,000 per metric ton. Prices of zinc have already risen approximately 22% over the last 12 months. A major reason has been drops in production in the industry, after mines in the United States, Australia and Ireland have closed, benefiting Hindustan Zinc which increased its output amid higher prices. In Q1 the company reported an 81% increase in net income to Rs. 1,880 crore. Multiple mining companies are making use of the opportunity to expand production - Hindustan Zinc has a new mine opening in South Africa, while Iran is leveraging its rich Mehdiabad property signing a $1 billion deal to develop its zinc reserves. Peru is also emerging as a new player in the space. But for the next couple of quarters, the price for zinc is only expected to go up, as the market works to revive supply. Demand is predicted to outstrip supply through FY18, according to the industry body.Hindustan Zinc Q1 profit rises 81% to Rs1,876 crore
Hindustan Zinc's net profit rose to Rs1,876 crore in its fiscal first quarter ended 30 June from Rs1,037 crore a year earlier20-07-2017
Board meeting on 20.7.2017 to consider unaudited financial results for the first quarter ended 30th June 2017