Hindustan Zinc

Last updated

Hindustan Zinc Limited
Company type Public
Industry
Founded1966;58 years ago (1966)
Headquarters Udaipur, Rajasthan, India
Area served
 India
Key people
Products
RevenueDecrease2.svg₹30,006 crore (US$3.6 billion) (2024) [2]
Decrease2.svg₹10,307 crore (US$1.2 billion) (2024) [2]
Decrease2.svg₹7,759 crore (US$930 million) (2024) [2]
Total assets Decrease2.svg₹33,895 crore (US$4.1 billion) (2024)
Total equity Increase2.svg₹15,195 crore (US$1.8 billion) (2024)
Number of employees
23,796 (including Contractuals) (2024)
Parent Vedanta Limited
(64.92%) [3]
Government of India (35.08%)
Website hzlindia.com

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. HZL is the world's second largest zinc producer. [5]

Contents

History

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

In 2001, as part of the Government of India's disinvestment program of loss-making PSUs, the company was put up for sale. [6] [7]

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 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.[ citation needed ]

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. [8]

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. [9] [ better source needed ] Hindustan Zinc is a direct subsidiary of Vedanta Limited.

Operations

Mining

HZL operates the world's third largest open-pit mine, and the world's largest zinc mine in Rampura Agucha, Rajasthan. Other mines owned by HZL are located in Rajpura and Dariba, Sindesar Khurd, Kayad and Zawar, all in Rajasthan.[ citation needed ]

Smelting

HZL operates Zinc and Lead smelters and refineries at 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. [10] [ better source needed ] It also has zinc smelter in Visakhapatnam, Andhra Pradesh, where operations have been suspended since February 2012. [11] [ better source needed ]

Sports

Zinc Football Academy is an Indian professional football academy club based in Zawar a mining town in Udaipur, Rajasthan. The club competes in R-League A Division, the top-tier league of the state. The club is owned by Hindustan Zinc Limited Group. Zinc FA is the current champions of R-League Season.[ citation needed ]

Related Research Articles

Vedanta Limited is an Indian multinational mining company headquartered in Mumbai, with its main operations in iron ore, gold and aluminium mines in Goa, Karnataka, Rajasthan and Odisha.

<span class="mw-page-title-main">Rajsamand</span> City in Rajasthan, India

Rajsamand is a city, located in Rajsamand Mewar district of Rajasthan, India. The city is named for Rajsamand Lake, an artificial lake created in the 17th century by Rana Raj Singh Rajsamand Udaipur of Mewar. It is the administrative headquarters of Rajsamand District.

<span class="mw-page-title-main">Udaipur</span> City in Rajasthan, India

Udaipur is a city in the north-western Indian state of Rajasthan, about 415 km (258 mi) south of the state capital Jaipur. It serves as the administrative headquarters of Udaipur district. It is the historic capital of the kingdom of Mewar in the former Rajputana Agency. It was founded in 1559 by Udai Singh II of the Sisodia clan of Rajputs, when he shifted his capital from the city of Chittorgarh to Udaipur after Chittorgarh was besieged by Akbar. It remained as the capital city till 1818 when it became a British princely state, and thereafter the Mewar province became a part of Rajasthan when India gained independence in 1947. It is also known as the City of Lakes, as it is surrounded by five major artificial lakes.

Dariba is a village in Railmagra tehsil in Rajsamand district in the state of Rajasthan in India.

<span class="mw-page-title-main">Anil Agarwal (industrialist)</span> Indian businessman (born 1954)

Anil Agarwal, known professionally as "metal king," is an Indian billionaire businessman who is the founder and chairman of Vedanta Resources Limited. He controls Vedanta Resources through Volcan Investments, a holding vehicle with a 100% stake in the business.

Gulabpura is a town in Bhilwara district of Rajasthan. Mainly industrial town with good educational institutes.

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 and oil and gas operations in three countries. Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power. It has also developed commercial power stations in India in Odisha and Punjab.

<span class="mw-page-title-main">Bharat Aluminium Company</span> Indian aluminum company

Bharat Aluminium Company Ltd. (BALCO) was an Indian government owned aluminium producer under Ministry of Mines, Government of India. In 2000, the Ministry of Mines, Government of India sold it to Vedanta Resources when Atal Bihari Vajpayee-Bharatiya Janta Party-National Democratic Alliance-led-government was in power. BALCO was incorporated in the year 1965 as a central public sector unit (CPSU) and it was the central government-establishment until 2001, when it was taken over by Vedanta Resources, a company listed on the London Stock Exchange. The government company has been closely associated with the Indian Aluminium Industry, in a pivotal role. Mr. Rajesh Kumar is the current CEO & Whole Time Director of the company.

<span class="mw-page-title-main">Economy of Rajasthan</span>

Rajasthan is a mineral-rich state and has a diversified economy having agriculture, mining and tourism as its main engines of growth. The state mines produce gold, silver, sandstone, limestone, marble, rock phosphate, copper and lignite. It is the second-largest producer of cement and contributes one tenth of the salt produced in India.

<span class="mw-page-title-main">Sterlite Copper</span> Indian copper manufacturing company

Sterlite Copper is a subsidiary of Sterlite industries, a company owned by Vedanta Limited.

<span class="mw-page-title-main">Hindustan Copper</span> Indian government-owned company

Hindustan Copper Ltd. is a central public sector undertaking under the ownership of the Ministry of Mines, Government of India. HCL is the only vertically integrated government-owned-copper producer in India engaged in a wide spectrum of activities ranging from mining, beneficiation, smelting, refining and continuous cast rod manufacturer.

Zawar is a settlement located in Udaipur district, Rajasthan, India, approximately 40 km from the lake city Udaipur. It stretches some 10 kilometers along the banks of the Gomati River. It is close to Dhebar Lake, India's second largest artificial lake, after Govind Ballabh Pant Sagar dam). it is one of the oldest zinc mines of the world. It is declared as the National Geological Monument.

Rampura Agucha is a zinc and lead mine located on a massive sulfide deposit in the Bhilwara district of Rajasthan, India. Rampura Agucha is located 220 km (140 mi) from Jaipur. It is north of Bhilwara, and northwest of Shahpura. Rampura Agucha is 10 km (6.2 mi) southeast of Gulabpura on NH 79. The mine is owned by Hindustan Zinc Limited (HZL), and has the world's largest deposits of zinc and lead.

Disinvestment of Public Sector Undertakings in India is a process of public asset sales done by the President of India on behalf of the Government of India. It can be directly offered for sale to the private sector or indirectly done through a bidding process.

<span class="mw-page-title-main">Copper production in India</span>

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Mansi Wakal is a dam on the Mansi River in Udaipur district, Rajasthan, India.

<span class="mw-page-title-main">Zinc Football</span> Indian association football club based in Udaipur

Zinc Football is an Indian professional football club based in Udaipur, Rajasthan. The club competes in R-League A Division, the top tier league of the state. The academy was formed in 2017 as part of Hindustan Zinc Limited major stake holder Vedanta Resources's CSR. Zinc FA was nominated for I-League Second Division.

Mohan Kumar Mangalam Football Tournament commonly known as the MKM Trophy, MKM Memorial Football Tournament is an annual Indian football tournament held in Zawar Rajasthan and organized by Hindustan Zinc (HZL) and Zawar Mines Labour Union. The tournament was first started in 1976 and is named after Mohan Kumar Mangalam.

The Anil Agarwal Stadium is an under construction international cricket stadium located in Chonp village, Jaipur, Rajasthan, India. It is named after Anil Agarwal, the founder and chairman of Vedanta Resources Limited, it will be the second-largest stadium in India with a capacity of 75,000.

References

  1. ↑ "Hindustan Zinc Limited – Products". www.hzlindia.com. Archived from the original on 27 September 2021. Retrieved 27 September 2021.
  2. 1 2 3 "Financial Results" (PDF). 19 April 2024. Retrieved 20 April 2024.
  3. ↑ "Latest Shareholding Pattern – Hindustan Zinc Ltd". trendlyne.com. Archived from the original on 14 August 2021. Retrieved 2 August 2020.
  4. ↑ "Latest Shareholding Pattern - Hindustan Zinc Ltd". Trendlyne . Archived from the original on 14 August 2021. Retrieved 30 July 2021.
  5. ↑ "Beneath The Surface: How Hindustan Zinc Grew To Become The World's Second Largest Zinc Producer". Forbes India . Archived from the original on 25 September 2020. Retrieved 2 August 2020.
  6. ↑ "Winners and losers of HZL privatisation - Times of India". India Times . Archived from the original on 3 January 2013. Retrieved 2 February 2022.
  7. ↑ "Sterlite seeks majority stake in Hindustan Zinc". Rediff . Archived from the original on 15 September 2005. Retrieved 2 August 2020.
  8. ↑ "Directors' Report FY 2013 of Sterlite Industries". NDTV . Archived from the original on 25 April 2016. Retrieved 10 April 2016.
  9. ↑ "Pg 77 of Vedanta Limited Annual Report FY 2015" (PDF). Archived from the original (PDF) on 22 April 2016. Retrieved 10 April 2016.
  10. ↑ "Annual Report FY 2015 Pg 11" (PDF). Archived (PDF) from the original on 24 January 2016. Retrieved 10 April 2016.
  11. ↑ "Annual Report FY 2013 Pg 65" (PDF). Archived (PDF) from the original on 24 September 2013. Retrieved 10 April 2016.
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