Shares of Hindustan Zinc Ltd are buying and selling flat after touching a day’s excessive of Rs 433.70 on nineteenth August. This got here after the corporate introduced on Monday that its board had authorised the organising of a ten million tonnes each year (MTPA) tailings reprocessing plant. The deliberate capital expenditure for that is as much as Rs 3,823 crore.
The power, which the corporate stated might be India’s first of its variety, is designed to get well metals from collected tailing dumps. The transfer is a part of Hindustan Zinc’s broader “2X development plan.” This plan goals to double capability.
In line with its trade submitting, the challenge will even assist lower the environmental affect of conventional moist tailings disposal. Moreover, it would enhance total mineral restoration.
Final month, the corporate reported a consolidated web revenue of Rs 2,234 crore in Q1 FY26. This was down 4.7% from Rs 2,345 crore in the identical quarter of the earlier 12 months. Income for the quarter slipped 4.4% year-over-year to Rs 7,771 crore from Rs 8,130 crore.
At 12:00 PM, the shares of Hindustan Zinc have been buying and selling 0.23% greater at Rs 428.10 on NSE.
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