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NSE
253.45
Change Change %
-1.10 -0.43%

Updated:17 May, 2019, 15:59 PM IST

BSE
253.20
Change Change %
-1.70 -0.67%

Updated:17 May, 2019, 16:01 PM IST

Hindustan Zinc (HZL) was incorporated from the erstwhile Metal Corporation of India on January 10, 966 as a Public Sector Undertaking. In April 2002, Sterlite Opportunities and Ventures Limited (SOVL) made an open offer for acquisition of shares of the company; consequent to the disinvestment of Government of India's (GOI) stake of 26% including management control to SOVL and acquired additional 20% of shares from public, pursuant to the SEBI Regulations 1997. In August 2003, SOVL acquired additional shares to the extent of 18.92% of the paid up capital from GOI in exercise of 'call option' clause in the share holder's agreement between GOI and SOVL.

With the above additional acquisition, SOVL's stake in the company has gone up to 64.92%. Thus GOI's stake in the company now stands at 29.54%.

Today it is India?óÔé¼Ôäós only integrated producer of zinc and lead. It is among the world?óÔé¼Ôäós leading integrated zinc and lead producers.

The company?óÔé¼Ôäós smelters are located at Chanderiya, Debari and Visakhapatnam. HZL?óÔé¼Ôäós mines are located at Zawar, Dariba and Rampura Agucha.

Business Activities

It manufacturers three qualities of zinc –– special high grade zinc used in construction, infrastructure, household appliances etc; high grade zinc and prime western zinc.

HZL manufactures 99.99% pure lead used in lead acid battery, ceramic glazes, electrodes, etc.

It manufactures silver used in photographic material, conducter, jewellery, etc.

The mineral major produces cadmium, whose purity ranges from 99.95–99.99% .It is used in Ni–Cd batteries, stablizers, coating and alloys.

HZL also manufactures sulphuric acid used in fertilizers, dyes, textiles, sugar refining, etc.

Milestones:

Mar 31, 2010: The company started metal production from its Hydro–Zinc Smelter situated at Dariba Smelting Complex, Dariba – Rajasthan.

May 06, 2010: The company?óÔé¼Ôäós exploration activities yielded significant success with an increase of 33.7 million tonnes to its reserves and resources containing 3.4 million tonne of zinc–lead metal, prior to depletion in FY10.

May 11, 2010: The company acquires the zinc unit of the UK?óÔé¼Ôäós Anglo American for $1.3 billion (Rs 5,850 crore).

Jan 06, 2011: The company inks pact with Suzlon for setting up 150 MW wind projects.

Jan 20, 2011: The company is set to become one of the top producers of silver in the world, with an estimated output of 500 tonnes by March 2011, more than double its production at present.

Awards

Hindustan Zinc received the Golden Peacock award for corporate governance.

It was honoured with safety Innovation award for implementation of innovative safety practices by Institution of Engineers (India)

Its Chanderiya captive power plant was Asian Power Plant of the Year 2007 and also was the Best Emission Reduction Project by Asian Power Charlton Media Group, Singapore

HZL received Four Star rating for health and safety Performance by British Safety Council, UK

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