Hindustan Zinc rises on declaring preferred bidder for Dugocha Gold Block in Rajasthan
Hindustan Zinc is currently trading at Rs. 499.50, up by 5.00 points or 1.01% from its previous closing of Rs. 494.50 on the BSE.
The scrip opened at Rs. 503.00 and has touched a high and low of Rs. 504.65 and Rs. 494.50 respectively. So far 55088 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 807.00 on 22-May-2024 and a 52 week low of Rs. 285.00 on 15-Mar-2024.
Last one week high and low of the scrip stood at Rs. 512.00 and Rs. 484.00 respectively. The current market cap of the company is Rs. 209808.21 crore.
The promoters holding in the company stood at 63.42%, while Institutions and Non-Institutions held 33.67% and 2.92% respectively.
Hindustan Zinc has been declared the ‘Preferred Bidder’ for the Dugocha Gold Block, as confirmed by the Department of Mines & Geology, Rajasthan vide notification dated November 15, 2024. For the same, the company has secured a composite license through the state government auctions held on November 13, 2024. This strategic win marks a significant milestone in the company’s growth journey, solidifying its position as a leading player in the precious metals sector.
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.
