Hindustan Zinc rises on inking MoU with CSIR-CIMFR
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Hindustan Zinc is currently trading at Rs. 315.05, up by 1.00 points or 0.32% from its previous closing of Rs. 314.05 on the BSE.
The scrip opened at Rs. 314.00 and has touched a high and low of Rs. 316.00 and Rs. 314.00 respectively. So far 4521 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. 262.95 on 28-Sep-2022.
Last one week high and low of the scrip stood at Rs. 316.95 and Rs. 312.10 respectively. The current market cap of the company is Rs. 133034.17 crore.
The promoters holding in the company stood at 64.92%, while Institutions and Non-Institutions held 33.30% and 1.77% respectively.
Hindustan Zinc has signed a memorandum of understanding (MoU) with CSIR-CIMFR to accelerate research and development in mining. The MoU explores potential opportunities to establish collaboration by empanelling renowned scientific institutions with experience for availing the technical services in the field of mineral/coal and fuel sectors and allied industries. Through this industry leading MoU, CSIR-CIMFR and Hindustan Zinc shall identify potential areas of Research & Development in various areas of exploration, mining and other areas.
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.
