Hindustan Zinc gains as its mined metal production rises 9% in Q1FY22
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Hindustan Zinc is currently trading at Rs. 337.50, up by 2.85 points or 0.85% from its previous closing of Rs. 334.65 on the BSE.
The scrip opened at Rs. 335.05 and has touched a high and low of Rs. 339.45 and Rs. 335.05 respectively. So far 5772 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 362.40 on 19-May-2021 and a 52 week low of Rs. 182.50 on 21-Jul-2020.
Last one week high and low of the scrip stood at Rs. 342.70 and Rs. 329.00 respectively. The current market cap of the company is Rs. 141400.30 crore.
The promoters holding in the company stood at 64.92%, while Institutions and Non-Institutions held 33.17% and 1.91% respectively.
Hindustan Zinc’s mined metal production rose by 9 percent to 2,21,000 tonnes in the first quarter of the ongoing fiscal (Q1FY22) on account of higher ore production largely at Rampura Agucha mines (RAM) and Zawar mines. The company's mined metal output was at 2,02,000 tonnes in the corresponding quarter of the previous fiscal.
In comparison to Q4 of FY'21, the mined metal production decreased by 23 percent, mainly due to lower ore production at Sindesar Khurd (SK) and RAM due to operators' absenteeism in April and May in view of the second wave of COVID-19. The integrated metal production in the first quarter was 2,36,000 tonnes, up 17 per cent when compared to Q1 FY'21 in line with higher availability of mined metal. Integrated zinc production was 1,88,000 tonnes, up 20 per cent when compared to the corresponding quarter of the previous fiscal.
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.
