Archive for January, 2016

पवन कौशिक ‘उदयपुर रत्न अवार्ड’ से सम्मानित

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उदयपुर। प्रेस क्लब ऑफ उदयपुर (लेकसिटी प्रेस क्लब) ने हिन्दुस्तान ज़िंक के हेड-कार्पोरेट कम्यूनिकेशन पवन कौशिक को ‘सखी’ अभियान से ग्रामीण व आदिवासी महिलाओं को आत्मविश्‍वासी एवं सशक्त बनाने  एवं ‘खुशी’ अभियान से  भारत में वंचित बच्चों के प्रति आम जनता में जागरूकता के क्षेत्र में उल्लेखनीय योगदान के लिए ‘उदयपुर रत्न अवार्ड’ से सम्मानित किया है।

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Press Club of Udaipur awards Pavan Kaushik with “Udaipur Ratna Award”

Awarded for launching campaigns Sakhi for rural women empowerment and Khushi on care for the deprived children

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udaipur. The Press Club of Udaipur as Lakecity Press Club awarded Pavan Kaushik, Head of Corporate Communication, Hindustan Zinc with “Udaipur Ratna Award” for outstanding contribution in the field of launching social awareness campaign Sakhi for empowerment of rural and tribal women and Khushi on care for the deprived and underprivileged children.

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हिन्दुस्तान जिंक का मुनाफा 24 प्रतिशत घटा

घटती जिंक की कीमतों से पड़ा प्रभाव
हिन्दुस्तान जिंक ने तीसरी तिमाही के वित्तीय परिणामों की घोषणा

200702उदयपुर। हिन्दुस्तान जिंक लिमिटेड ने आज मुम्बई में आयोजित निदेशक मण्डल की बैठक में 31 दिसम्बर 2015 को समाप्त तीसरी तिमाही एवं नौमाही के वित्तीय परिणामों की घोषणा की। लन्दन मेटल एक्सचेंज में जस्ता-सीसा धातु की कीमतों में निरन्तर गिरावट के कारण गतवर्ष की इसी समान अवधि की तुलना में हिन्दुस्तान जिंक का लाभ घटा व इसमें 24 प्रतिशत की कमी के बाद कंपनी को 1811 करोड़ रुपये का लाभ हुआ।

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Another quarter of strong operating performance

Hindustan Zinc Limited : Results for the Third Quarter Ended December 31, 2015, Net Profit Rs. 1811 Crore, Highest ever integrated saleable silver production at 116 MT; up 67% y-o-y

200702Mumbai. Hindustan Zinc Limited today announced its results for the third quarter ended December 31, 2015. chairman Agnivesh Agarwal said, “We are happy to report strong refined metal production with silver touching new highs. However, the current low zinc metal prices are contrary to the market fundamentals. We are carrying out a review of our high cost operations to ensure all of our operations are sustainable in the present weak zinc market.”

Operational Performance : Mined metal production was 228,082 MT in Q3 as compared with 242,416 MT a year ago. The decrease was largely on account of change in mining mix due to increased contribution from Sindesar Khurd mine and Kayad mine, resulting in lower average grades. For the nine month period, mined metal production increased by 13% to 700,458 MT from corresponding prior period.
While Q4 is expected to be weak as per mine plan, full year guidance of marginal growth in mined metal production is maintained; production of refined metals will also be ahead of previous year with silver being significantly higher.
Integrated zinc and lead metal production during the quarter increased by 8% y-o-y and 42% y-o-y to 206,322 MT and 35,352 MT respectively on account of enhanced smelter efficiency and conversion of inventories. For the nine month period, integrated zinc and lead metal production increased by 20% and 42% respectively from corresponding prior period.
Integrated silver metal production was the highest ever during the quarter, up 67% y-o-y to 116 MT. The increase was driven primarily by enhanced volumes from Sindesar Khurd mine as well as higher smelter efficiency. For the nine month period, integrated silver production increased by 56% to 300 MT from a year ago.
The zinc metal cost of production per MT before royalty during the quarter was Rs. 52,383 ($795), which is marginally higher by 4% in rupee terms (lower by 2% in USD terms) from a year ago. The increase is attributed to lower average grades due to change in mining mix, increased & additional regulatory levies and rupee depreciation. This was partly offset by lower coal & commodity prices and higher volumes with better efficiencies. Looking at the current downturn in LME prices, the Company has embarked on a journey of reducing the cost structures to sustain the competiveness of its operations.
Financial Performance : Revenues during the quarter were Rs. 3,385 crore, which is 11% lower from a year ago. The impact of higher volumes and rupee depreciation was more than offset by lower LME prices and zinc premium.
EBITDA during the quarter was Rs. 1,469 crore, which is 30% lower from a year ago primarily on account of lower LME prices and impact of newly levied contribution to the District Mineral Foundation of Rs. 84 crore.
Net profit decreased to Rs. 1,811  crore during the quarter as compared to Rs. 2,380 crore a year ago in line with above and due to lower investment income, partly offset by lower tax.
Expansion Projects : With the on-going multi-year transition to underground mining, mine development is crucial to sustaining future production for the Company. Total mine development during the quarter was accelerated by 55% y-o-y, achieving an all-time record of 15,822 metres.
Sindesar Khurd mine ramped up production capacity to a run rate of 3 million MT per annum three months ahead of the schedule indicated earlier, supported by the development of two auxiliary lenses as separate production centres. During the quarter, mill debottlenecking was completed in-line with the mine production, while a new mill project of 1.5 million MT per annum capacity also commenced.  The shaft sinking project continues to be ahead of plan.
Rampura Agucha main shaft sinking crossed 860 metres during the quarter of the ultimate depth of 950 metres. Pre-stripping for further deepening of the open pit is progressing satisfactorily, mitigating the risk of delays in decline development and regular stopping from underground mine due to ore body characteristics.
The ramp up of Kayad mine is on track and is expected to achieve 1 million MT per annum production capacity run rate by year end, making it one of the fastest underground mine ramp ups.
Zawar and Rajpura Dariba mine expansion projects are being reviewed in the light of current environment of low commodity prices.
Liquidity and investment : As on December 31, 2015, cash and cash equivalents were Rs. 32,639 crore, out of which Rs. 23,581 crore was invested in mutual funds, Rs. 5,575 crore in bonds and Rs. 3,480 crore in fixed deposits. The Company follows a conservative investment policy and invests in high quality debt instruments. (continue reading…)


Our Safety Our Responsibility : Hindustan Zinc

180107Hindustan Zinc takes special initiatives towards Road Safety. Special drives for zinc families, drivers of employees, drivers engaged in business operations..

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