Declaration of 300 percent interim dividend – Rs. 6 per share on a Rs. 2 share for the current fiscal
Hindustan Zinc (HZL) declared an interim dividend of Rs 6 per share for the current fiscal today.
“The board of directors has approved second interim dividend of 300 percent i.e. Rs 6 per share, entailing an outflow of Rs. 3,051 crores,” the company said in a filing to BSE.
In March 2017, Hindustan Zinc announced a Special Dividend of Rs. 13,985 crores. In FY 2016-17, together with Golden Jubilee dividend paid in April 2016 and interim dividend in October 2016, the dividends paid in FY 16-17, amounted to Rs. 27,157 crores, the highest ever paid in India in a financial year by any private company.
Hindustan Zinc is India’s only and world’s leading integrated producers of zinc-lead-silver with a capacity of 1.0 million MT per annum with the aim to produce 1.2 million tonnes of metal on immediate basis and eventually to 1.5 million tonnes in next 5 years.
The company is headquartered in Udaipur, Rajasthan and has zinc-lead mines at Rampura Agucha, Sindesar Khurd, Rajpura Dariba, Zawar and Kayad, primary smelter operations at Chanderiya, Dariba and Debari in Rajasthan and finished product facilities in Uttarakhand.