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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.
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 ]
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 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.
Vedanta Resources Limited is a diversified mining company headquartered in London, United Kingdom.It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia [4] and oil and gas operations in three countries.
Hindustan Zinc Limited; Results for the Third Quarter and Nine Months Ended 31 December 2012 Next phase of growth announced; Record mined metal production; Net profit increased by 27% Q3 ...
In February 2011, Sterlite Industries acquired Lisheen Zinc Mine in Ireland from Taurus International S.A., for a share value of approximately $546 million. [4] In September 2013, SESA Goa, Sterlite Industries and Vedanta Aluminium merged to form Sesa Sterlite Limited. [5] It was listed on the NYSE in June 2007. [6]
The dividend yield is around 3.4% right now, which is up near levels last seen during the Great Recession. Right now, Dividend Kings PepsiCo (NASDAQ: PEP), Nucor (NYSE: NUE), and Black Hills (NYSE ...