Hindustan Zinc rises as its mined metal production grows in Q1
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Hindustan Zinc is currently trading at Rs. 311.45, up by 2.00 points or 0.65% from its previous closing of Rs. 309.45 on the BSE.
The scrip opened at Rs. 310.05 and has touched a high and low of Rs. 312.65 and Rs. 310.05 respectively. So far 37755 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 383.00 on 19-Jan-2023 and a 52 week low of Rs. 242.40 on 06-Jul-2022.
Last one week high and low of the scrip stood at Rs. 312.65 and Rs. 305.25 respectively. The current market cap of the company is Rs. 131280.66 crore.
The promoters holding in the company stood at 64.92%, while Institutions and Non-Institutions held 33.29% and 1.79% respectively.
Hindustan Zinc's mined metal production rose by 2% to 257,000 tonnes in the first quarter ended June 30, 2023 (Q1FY24) as compare to 252,000 tonnes in the Q1FY23, on account of higher ore production largely at Rampura Agucha & Kayad mines supported by improved mined metal grades and better mill recovery.
Hindustan Zinc's refined metal production in first quarter was at 260,000 tonnes; sequentially, it was lower by 4% in line with plant availability. Integrated zinc production was at 209,000 tonnes, up 1% year-on-year (YoY) and down 3% quarter-on-quarter (QoQ). Refined lead production was at 51,000 tonnes down 6% YoY and QoQ in line with plant availability. Saleable silver production was 5.8 moz, up 1% YoY and down 2% QoQ, in line with lead metal production and higher WIP depletion. The wind power generation was down by 13% at 130 million units (MU) for the First quarter of the current financial year.
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.
