Hindustan Zinc

Summary

Hindustan Zinc Limited explores for, extracts, and processes minerals in India, Asia, and internationally. It operates through two segments, Zinc, Lead, Silver & Others; and Wind Energy. The company produces refined zinc and lead, and silver, as well as sulphuric acid; and manufactures metals and related alloys. It also operates thermal captive power plants with a total power generation capacity of 505.5 megawatts; wind power plants with a capacity of 273.5 megawatts; solar power plants with a capacity of 40.42 megawatts; and waste heat power plants with a capacity of 40.67megawatts. The company was incorporated in 1966 and is headquartered in Udaipur, India. Hindustan Zinc Limited is a subsidiary of Vedanta Limited.


History

 

Hindustan Zinc Limited was incorporated from the erstwhile Metal Corporation of India on 10 January 1966 as a Public Sector Undertaking .

In 2001, as part of the Government of India's disinvestment program of loss-making PSUs, the company was put up for sale.In April 2002, Sterlite Opportunities and Ventures Limited made an open offer for acquisition of shares of the company; consequent to the disinvestment of Government of India's 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 went up to 64.92%. Thus GOI's stake in the company now stands at 29.54%. SOVL was merged with Sterlite Industries India Ltd in April 2011. Sterlite Industries merged with Sesa Goa Ltd to form Sesa Sterlite Limited in August 2013. Sesa Sterlite was renamed to Vedanta Limited in April 2015. Hindustan Zinc is now a direct subsidiary of Vedanta Limited.


Mission

Enhance stakeholders value through exploration, innovation, operational excellence and sustainabilityBe a globally lowest cost producerMaintain market leadership and customer delight


Vision

Be the world's largest and most admired Zinc-Lead & Silver Company


Key Team

Mr. Rajendra Pandwal (Compliance Officer & Company Sec.)

Mr. Ankit Kumar (Head of Legal)

Mr. Vijay Murthy (IBU CEO of Silver, Lead & Minor Metals and Interim Chief Sales & Marketing Officer)

Mr. Praveen Kumar Sharma (Head COE Mining)

Ms. Anupam Nidhi (Head of CSR)

Mr. Kuldeep Singh Solanki (Director of Exploration)

Mr. Pradeep Singh (Chief HSE Officer)


References
Hindustan Zinc
Leadership team

Mr. Sandeep Modi (Interim Chief Financial Officer)

Ms. Shweta Arora (Head of Investor Relations)

Products/ Services
Mining, Precious Metals
Number of Employees
1,000 - 20,000
Headquarters
Udaipur, Rajasthan, India
Net Income
1B - 20B
Revenue
Above - 1B
Social Media
Sun Mar 03 2024
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