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Hindustan Zinc: All eyes on production growth

Needed to compensate for softness in base metal prices due to geopolitical concerns

Ujjval Jauhari  |  New Delhi 

Improving production and realisations continue to drive Hindustan Zinc’s (HZL’s) performance. For the quarter ending March (fourth or Q4 of 2016-17), it saw mined metal production surge 66 per cent year-on-year and 13 per cent sequentially, to 312,000 tonnes. With the average per-tonne price of zinc on the London Metal Exchange at $2,770 (up 65 per cent over a year) and lead at $2,269 (up 30 per cent) in Q4, the company was expected to post a strong performance. In Q4, revenue at Rs 6,699 crore almost doubled from the year-before period. Attributed to strong zinc, lead ...

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First Published: Fri, April 21 2017. 02:41 IST
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