Hindustan Zinc

1942 
 
 - A small lead smelting pilot plant was set up at Tundoo near
 Dhanbad
 in Bihar.
 
 1944
 
 - Metal Corporation of India (MCI) was formed and all the assets of
 the
 Company were transferred to MCI.
 
 1945 
 
 - The Government of India surrendered the mining rights over Zawar
 to
 Mewar durbar and MCI obtained the prospecting licence for 2 years
 and
 in 1950 obtained a mining lease.
 
 1960 
 
 - MCI obtained licence for production of 9,000 tpa of lead and
 5,40,000
 Ozs of silver p.a.
 
 1966
 
 - The company was Incorporated 10th January, in Rajasthan.  The
 Company
 is a producers of Zinc and lead from the Company's Mines and
 Smelters.
 
 1990 
 
 - Facilities for production of cobalt and indigenous lead-zinc ores
 were commissioned during the year.  In-house technology for the
 recovery of cobalt was made possible through R&D and Cooperation
 with
 BARC.
 
 1993 
 
 - The application for prospecting licence for gold for Bhukia
 Jagpura
 Banswara District and Dungarpur District Rajasthan was subletted to
 Rajasthan Government.
 
 1994
 
 - 40,37,31,900 shares disinvested in favour of Mutual Funds and
 Financial Institutions.  The Company allotted 188,00,000 shares to
 the
 President of India in 1992.
 
 1996
 
 - The Company entered into a MOU with BHP minerals Ltd., Australia
 for
 joint venture project for exploration of base precious minerals in
 Rajasthan.  Another MOU was entered into with Vigego, Vietnam and
 La-Sarce France for a joint venture project for exploration at
 Pac-Lang
 Gold prospect in Vietnam.
 
 1997
 
 - The Company decided to develop Sindesar Khurd Lead-Zinc Silver
 deposit in Rajsamand, Rajasthan as a replacement mine to
 Rajpura-Dariba
 with a capacity to produce 1000 tpd Ore.  The Company closed its
 Degana
 Tungstan Mine in Rajasthan as its operations became uneconomical.
 
 - Hindustan Zinc Ltd and Rajasthan State Mines and Minerals Ltd
 (RSMML)
 signed a memorandum of understanding of set up a Rs.3,300 crore
 power
 project near Udaipur in Rajasthan.
 
 - Hindustan Zinc Ltd (HZL) has entered into a memorandum of
 understanding for 1997-98 with the Government of India.
 
 - Public sector Hindustan Zinc has entered into three separate
 agreements with international mining majors for diversification into
 mining and prospecting of previous minerals in India and abroad.
 
 - The company has formed a joint venture with BRMG of France and
 Vietnam Rare & Precious Minerals Corporation (VMC) to explore and
 develop gold mines in the Southeast Asian country.
 
 - The company's second joint venture is with Nuigini Mining for
 exploration of gold in Andhra Pradesh, Uttar Pradesh, Madhya Pradesh
 and Karnataka.
 
 - The company's third joint venture is with the Australian major,
 Broken Hill Proprietaries for prospecting of non-ferrous metals like
 zinc, lead, copper as well as gold in Rajasthan.
 
 - Hindustan Zinc Ltd (HZL), a public sector enterprise under the
 Ministry of Mines, has entered into a memorandum of understanding
 (MoU)
 with BHPM, Australia, for grassroot exploration of zinc and lead
 along
 with other precious minerals in Rajasthan.
 
 - HZL has also entered into a MoU with CSIR for setting up a nickel
 technology proving plant (TPP) for extraction of nickel from
 overburden
 of chromite at Sukhinda mines in Orissa.
 
 - HZL is likely to install a new zinc smelter with a capacity of
 around
 60,000 to 1,00,000 tonnes, work for which will be initiated in
 1998-99
 and the plant is likely to be commissioned by the end of the Ninth
 Plan
 or early Tenth Plan.
 
 - HZL is also negotiating with another Australian company Pasminco
 for
 grassroot exploration of Ajmer district in Rajasthan.
 
 - HZL has signed MoUs with three foreign companies - BHP Mining and
 Nuigini Mining (NML) for exploration and exploitation of base and
 precious metals in India and BRGM/VMC for gold prospecting in
 Vietnam.
 
 - The Rampura-Agucha mines of Hindustan Zinc Limited (HZL) has been
 awarded ISO 9002 certificate for quality management system by SGS
 Yarsley International Certificate Services Limited.
 
 1998 
 
 - Crisil has assigned a P1+ rating to the Rs.10-crore short-term
 deposit programme of Hindustan Zinc.
 
 - The Foreign Investment Promotion Board (FIPB) has approved a joint
 venture proposal of Australian mining giant, BHP, and the State
 owned
 Hindustan Zinc Ltd (HZL) to mine base metals in Rajasthan.
 
 - The power plant is being set up in joint venture with the
 state-owned
 Rajasthan State Mines and Minerals Ltd.
 
 - Public sector Hindustan Zinc Limited (HZL) will set-up a 100 mega
 watt (mw) captive power plant in Rajasthan to meet its power
 requirement for existing mines in the region.
 
 1999
 
 - Rashtriya Chemicals & Fertilisers (RCF), Hindustan Zinc (HZL) and
 Rajasthan State Mines & Minerals (RSMML) have signed a memorandum of
 understanding for a Rs 300-crore diammonium phosphate (DAP) project
 in
 Rajasthan.)
 
 - Public sector Hindustan Zinc has commenced closure of loss-making
 units as part of its strategy for improving valuation of the company
 prior to its privatisation.
 
 2002
 
  -The US.3 billion Sterlite Group (Sterlite) announces that it has
 been declared the successful bidder for the acquisition of a 26%
 equity stake in Hindustan Zinc Ltd (HZL) for Rs 4450 million (.30
 m) through Sterlite Opportunities and Ventures Ltd, a Special Purpose
 Vehicle set up for the same.
 
 -Sterlite Industries India Ltd has informed  that US $ 1.3 billion
 Sterlite Group,on April 11, 2002 made payment of Rs 4450 million to
 the Govt. of India and completed the acquisition of 26% stake in
 Hindustan Zinc Ltd.
 
 -Hindustan Zinc Ltd has the following changes in management
 structure:
 
 -Directors ceased Mr B N Mittal Chairman-MD Mr A N Mittal Director Dr
 Vinayahil Gautam    Director   Dr S K Gupta Director.
 
 -Directors nominated on behalf of strategic partner ie Sterlite
 opportunities and ventures Ltd w e f April 11, 2002. Mr K K Kaura
 Managing Director,Mr Anil Agarwal  Additional DirectorMr Navin 
 Agarwal  Additional Director,Mr Tarun Jain Additional Director, Mr C
 V Krishnan Additional Director,Mr C  A Sundaram Additional Director.
 
 -Govt. Nominee Directors w e f April 11, 2002;Dr A K Kundra 
 Chairman, Mr A C Wadhawan            Director,Mr Nand Kishore Shukla 
 Director.
 
 - Mr C Sankaran, Company Secretary & GM has been nominated as
 Compliance Officer by the Board.
 
 -Govt of India has disinvested 26% of the paid up capital of
 theHindustan Zinc Ltd ie 109858294 number of shares along with
 management control in favour of Sterlite Opportunities and Ventures
 Ltd (SOVL).
 
 2003
 
 -HZL's Zinc Smelter, Vishakapatnam is accredited with ISO 9000:2000
 certification
 for its quality management system for manufacturing primary zinc,
 cadmium metals
 and sulphuric acid  through hydro metallurgical process.
 
 -Hindustan Zinc Ltd registered a 113.58% growth in its net profit.
 
 -HZL, a part of Sterile Group has raised  million worth of ECBs
 for its ambitious
 Capacity Expansion (Capex) programme.
 
 -Hindustan Zinc Ltd has informed that Mr Aditya Narayan has jointed
 the Sterlite Group and will take responsibility as Managing Director
 of the Company from Mr K K Kaura, CEO Sterlite
 
 2005
 
 -Hindustan Zinc Ltd informes the inauguration of the Company's New
 Zinc Smelter at Chanderiya in Rajasthan with a production capacity of
 170000 Tons Per Annum and 154 MW Captive Power Plant
 
 -Hindustan Zinc Ltd has given Greentech Environment Excellence Silver
 Award for 2004-2005 in  metal sector for its environment management
 
 2006
 
 -HZL picks up `Golden Peacock' award
 
 2007
 
 -Hindustan Zinc Ltd has appointed Shri. Sanjiv Kumar Mittal, Joint
 Secretary & Financial Adviser, Ministry of Mines as Government
 Nominee Director on the Board of the Company with immediate effect in
 place of Shri. Sujit Gulati.