>GreenC bot at 15:41, 14 April 2021

2021-04-14T15:41:37Z

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{{Use dmy dates|date=April 2017}}
{{Use Indian English|date=April 2017}}
{{Infobox company
| name = Hindustan Zinc Limited
| logo = File:Hindustan Zinc Logo.svg
| logo_size = 250px
| type = [[Public company|Public]]
| traded_as = {{plainlist|
*{{NSE|HINDZINC}}
*{{BSE|500188}}}}
| foundation = {{Start date and age|1966}}
| founder =
| location = [[Udaipur]], [[Rajasthan]], [[India]]
| area_served = [[India]]
| key_people = {{plainlist|
* Mr. Agnivesh Agarwal<br />([[Chairman]])
* Mr. Sunil Duggal<br />([[CEO]])
* Mr. Swayam Saurabh<br />([[CFO]])}}
| industry = {{plainlist|
*[[Mining]]
*[[Milling (grinding)|Milling]]
*[[Smelting]]}}
| products = {{plainlist|
*[[Zinc]]
*[[Lead]]
*[[Silver]]
*[[Cadmium]]<ref name=hzl-products>{{cite web|url=http://www.hzlindia.com/products.aspx|title=Hindustan Zinc Limited – Products|website=www.hzlindia.com}}</ref>}}
| revenue = {{increase}} ₹22,084 crore (FY 2018)
| operating_income =
| assets =
| equity =
| num_employees = 6,742
| parent = [[Vedanta Limited]] (64.92%) <ref>{{Cite web|title=Latest Shareholding Pattern – Hindustan Zinc Ltd.|url=https://trendlyne.com/equity/share-holding/561/HINDZINC/latest/hindustan-zinc-ltd/|access-date=2020-08-02|website=trendlyne.com}}</ref> [[Government of India]] (35.08%)
| homepage = {{URL|https://www.hzlindia.com/|hzlindia.com}}
}}

'''Hindustan Zinc Limited (HZL)''' was a [[Government of India|Central Public Sector Undertaking]], an Indian integrated [[mining]] and resources producer of [[zinc]], [[lead]], [[silver]] and [[cadmium]] . It was sold by [[Government of India]] to [[Vedanta Limited]] when [[Atal Bihari Vajpayee]] and [[Bharatiya Janta Party]] Government was in power in the year 2003. It is now a subsidiary of [[Vedanta Limited]].<ref>{{Cite web|title=Latest Shareholding Pattern – Hindustan Zinc Ltd.|url=https://trendlyne.com/equity/share-holding/561/HINDZINC/latest/hindustan-zinc-ltd/|access-date=2020-08-02|website=trendlyne.com}}</ref> HZL is the world's second largest zinc producer.<ref>{{Cite web|title=Beneath The Surface: How Hindustan Zinc Grew To Become The World's Second Largest Zinc Producer|url=https://www.forbesindia.com/article/super-50-companies-2017/beneath-the-surface-how-hindustan-zinc-grew-to-become-the-worlds-second-largest-zinc-producer/47649/1|access-date=2020-08-02|website=Forbes India|language=en}}</ref> Its FY2018 revenues stood at ₹22,084 [[crore]].<ref>{{cite web|url=https://economictimes.indiatimes.com/markets/stocks/earnings/hindustan-zinc-q4-profit-drops-18yoy-to-rs-2505-crore/articleshow/63975440.cms|title=News Article}}</ref> They are one of the world's largest integrated producers of [[zinc]] and are among leading global lead and [[silver]] producers.

==History==
{{See also|Disinvestment of Public Sector Units in India}}

Hindustan Zinc Limited was incorporated from the erstwhile Metal Corporation of India on 10 January 1966 as a [[Public sector undertakings in India|Public Sector Undertaking]].

In 2001, as part of the [[Government of India|Government]]'s [[Disinvestment of Public Sector Units in India|disinvestment program]] of loss-making PSU's, the company was put up for sale.<ref>[https://archive.today/20130103165120/http://articles.timesofindia.indiatimes.com/2003-02-20/india-business/27263364_1_public-sector-privatisation-labour-unions]</ref><ref>{{Cite web|title=Sterlite seeks majority stake in Hindustan Zinc|url=https://www.rediff.com/money/2003/oct/08divest1.htm|access-date=2020-08-02|website=www.rediff.com}}</ref>

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 [[Securities and Exchange Board of India|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.<ref>{{Cite web|url=http://profit.ndtv.com/stock/sterlite-industries-_ster/reports-directors-report|title=Directors' Report FY 2013 of Sterlite Industries}}</ref> Sterlite Industries merged with [[Vedanta Limited|Sesa Goa Ltd]] to form Sesa Sterlite Limited in August 2013. Sesa Sterlite was renamed to Vedanta Limited in April 2015.<ref>{{Cite web|url=http://www.vedantalimited.com/media/83441/vedanta_limited_annual_report_with_drr_2014-15.pdf|title=Pg 77 of Vedanta Limited Annual Report FY 2015}}</ref> Hindustan Zinc is now a direct subsidiary of [[Vedanta Limited]].

==Operations==

===Mining===
HZL operates the world's third largest [[Open-pit mining|open-pit mine]], and World's largest Zinc Mine in [[Rampura Agucha]], [[Rajasthan]]. Other mines with HZL are located in [[Rajpura]] and [[Dariba, Rajasthan|Dariba]], Sindesar Khurd, Kayar and Zawar, all in Rajasthan.<ref name=hzl-ops>{{cite web|url=http://www.hzlindia.com/operations.aspx?ID=2|title=Hindustan Zinc Limited – Home|website=www.hzlindia.com}}{{Dead link|date=January 2020 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

HZL is one of the lowest cost zinc producers in the world.<ref>{{cite web|url=http://findarticles.com/p/articles/mi_qa5382/is_/ai_n21467554|title=FindArticles.com – CBSi|website=findarticles.com}}</ref>

===Smelting===
HZL operates Zinc and Lead smelters and refineries at [[Chanderiya smelter complex|Chanderiya]] (Chittorgarh), Debari ([[Udaipur]]) & Dariba ([[Rajsamand]]) in [[Rajasthan]] with total zinc and lead production capacity of 10 [[lakh]] tonnes. A smelting facility was established at [[Pantnagar]] in [[Uttarakhand]]. It was initially intended to serve as a smelting facility for Silver production, but later Zinc and Lead melting and casting plants were also established here. The total metal production was 8,80,000 tonnes for year 2014–2015.<ref>{{Cite web|url=http://www.hzlindia.com/common/pdf/Hindustan-Zinc-AR-2014-2015_Navigational.pdf|title=Annual Report FY 2015 Pg 11}}</ref> It also has zinc smelter in [[Vizag]], [[Andhra Pradesh]], where operations have been suspended since February 2012.<ref>{{Cite web|url=http://www.hzlindia.com/common/images/HZL_AR_2012-13.pdf|title=Annual Report FY 2013 Pg 65}}</ref>

==References==
{{Reflist|30em}}

{{Vedanta Resources}}
{{Nifty 200 companies}}

==External links==
*{{url|www.hzlindia.com|Official Site}}

{{Authority control}}

[[Category:Economy of Udaipur]]
[[Category:Companies based in New Delhi]]
[[Category:Vedanta Resources]]
[[Category:Economy of Rajasthan]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Zinc mines]]
[[Category:Formerly government-owned companies of India]]
[[Category:Mining in Rajasthan]]
[[Category:Organisations based in Udaipur]]
[[Category:Mines in India]]
[[Category:Indian companies established in 1956]]
[[Category:1956 establishments in Rajasthan]]

Hindustan Zinc - Revision history

>GreenC bot at 15:41, 14 April 2021