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Hindustan Zinc Limited (HZL) is an Indian integrated mining and resources producer of zinc, lead, silver and cadmium.It is a subsidiary of Vedanta Limited. [4] Earlier it was a Central Public Sector Undertaking, sold by Government of India to Vedanta Limited when Atal Bihari Vajpayee and Bharatiya Janta Party Government was in power in the year 2003.
Major disinvestment steps were taken in the past by the BJP-led NDA government between 1999 and 2004. BJP privatised the central government establishments such as central public sector units which included Bharat Aluminium Company (BALCO), Hindustan Zinc [4] (both to Sterlite Industries), Indian Petrochemicals Corporation Limited [5] (to Reliance Industries) and VSNL [6] (to the Tata group ...
In FY 2013, these operations delivered 870,000 tonnes of mined zinc-lead metal-in-concentrate, and 802,000 tonnes of refined zinc and lead. [52] Aluminium: Vedanta's aluminium output rises 2% to 584,000 tonnes in second Qtr of FY23 [53]
The ex-dividend date (coinciding with the reinvestment date for shares held subject to a dividend reinvestment plan) is an investment term involving the timing of payment of dividends on stocks of corporations, income trusts, and other financial holdings, both publicly and privately held.
In the financial history of the world, the Dutch East India Company (VOC) was the first recorded (public) company ever to pay regular dividends. [4] [5] The VOC paid annual dividends worth around 18 percent of the value of the shares for almost 200 years of existence (1602–1800).
In 2001, he acquired 51 percent in Bharat Aluminium Company (BALCO) for an amount of INR 551.50 crore, [17] a public sector undertaking; in the very next year, he acquired a majority stake (nearly 65 per cent) in state-run HZL(Hindustan Zinc Limited). Both the companies were considered sleepy and inefficient mining firms.