Hindustan Zinc trades lower as NGT imposes Rs 25 crore fine to it in Rajasthan
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Hindustan Zinc is currently trading at Rs. 326.45, down by 7.45 points or 2.23% from its previous closing of Rs. 333.90 on the BSE.
The scrip opened at Rs. 338.00 and has touched a high and low of Rs. 338.00 and Rs. 325.30 respectively. So far 20597 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 407.90 on 18-Oct-2021 and a 52 week low of Rs. 257.00 on 30-Mar-2021.
Last one week high and low of the scrip stood at Rs. 335.95 and Rs. 314.90 respectively. The current market cap of the company is Rs. 137872.16 crore.
The promoters holding in the company stood at 64.92%, while Institutions and Non-Institutions held 33.18% and 1.90% respectively.
The National Green Tribunal (NGT) has imposed a fine of Rs 25 crore to Hindustan Zinc, in connection with environmental violations at villages Agucha, Rampura, etc, Tehsil Hurd, District Bhilwada, Rajasthan covering nearly an area about 1,200 hectares of mining land.
As per the complainant, there is heavy blasting and underground mining operations are resulting in contamination of source of drinking water, resulting in various diseases like Asthma and skin borne ailments. Livestocks are also affected. Dust and stones get accumulated close to the agricultural land and houses of the inhabitants. Toxic and contaminated waste water is discharged from the mines. The area is 'over exploited' in terms of the ground water.
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.
