Hindustan Zinc shines on eyeing to expand footprint in production of zinc alloys

Hindustan Zinc is currently trading at Rs. 293.25, up by 7.90 points or 2.77% from its previous closing of Rs. 285.35 on the BSE.

The scrip opened at Rs. 290.00 and has touched a high and low of Rs. 295.00 and Rs. 288.55 respectively. So far 130968 shares were traded on the counter.

Hindustan Zinc
Hindustan Zinc

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. 242.40 on 06-Jul-2022.

Last one week high and low of the scrip stood at Rs. 295.00 and Rs. 263.55 respectively. The current market cap of the company is Rs. 124203.25 crore.

The promoters holding in the company stood at 64.92%, while Institutions and Non-Institutions held 33.39% and 1.69% respectively.

Hindustan Zinc is eyeing to expand its footprint in the production of zinc alloys and have obtained the Consent to Establish (CTE) a 30 kt plant for Hindustan Zinc Alloys (HZAPL). This will pave the way for production of value-added zinc alloy products and enable the company to deliver international quality in the domestic market. Hindustan Zinc Alloys is a subsidiary of Hindustan Zinc.

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.

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