Moneycontrol Be a Pro
Get App
SENSEX NIFTY
Hindustan Zinc > Company History > Metals - Non Ferrous > Company History of Hindustan Zinc - BSE: 500188, NSE: HINDZINC
YOU ARE HERE > MONEYCONTROL > MARKETS > METALS - NON FERROUS > COMPANY BACKGROUND - Hindustan Zinc

Hindustan Zinc

BSE: 500188|NSE: HINDZINC|ISIN: INE267A01025|SECTOR: Metals - Non Ferrous
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
Nov 19, 12:59
214.35
3.7 (1.76%)
VOLUME 32,664
LIVE
NSE
Nov 19, 12:59
214.20
3.45 (1.64%)
VOLUME 441,792
Company History - 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
 
 2004
 - 35,000 tonnes of zinc debottlenecking completed at Chanderiya
 Smelter Complex 
 
 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
 
 - Rampura Agucha Mine expansion from 2.30 million tonnes per annum to
 3.75 million tonnes per annum 
 
 2006
 
 -HZL picks up `Golden Peacock' award
 
 - Commissioned 170,000 tonnes per annum of Hydrometallurgical Zinc
 Smelter (Hydro I) at Chanderiya Smelter Complex 
 
 - Commissioned 2 X 77 MW Captive Power Plant at Chanderiya Smelter
 Complex 
 
 - Commissioned 50,000 tonnes per annum of Ausmelt Lead Smelter at
 Chanderiya Smelter Complex 
 
 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.
 
 - Hindustan Zinc Ltd has informed that the President of India vide
 letter dated November 28, 2007 appointed Shri. A K Singh, Director,
 Ministry of Mines as Government Nominee Director on the Board of the
 Company with immediate effect.
 
 - Sindesar Khurd Mine began production with an initial production
 capacity of 0.3 million tonnes per annum 
 
 - Commissioned 38.4 MW of Wind Energy Farms at Gujarat 
 
 2008
 
 - Commissioned 170,000 tonnes per annum of Hydrometallurgical Zinc
 Smelter (Hydro II) in a benchmark time of 20 months at Chanderiya
 Smelter Complex 
 
 - Commissioned 80 MW Captive Power Plant at Chanderiya Smelting
 Complex 
 
 - 5,000 tonnes of zinc debottlenecking completed at Debari Zinc
 Smelter 
 
 - Commissioned 50.4 MW of Wind Energy Farms at Gujarat 
 
 2009
 
 - Rampura Agucha Mine expansion from 3.75 million tonnes per annum to
 5.00 million tonnes per annum making the total mining capacity of the
 Company to 7.40 million tonnes per annum 
 
 - 88,000 tonnes per annum zinc debottlenecking competed at Chanderiya
 Smelter Complex & Debari Zinc Smelter making the total metal
 production capacity to 754,000 tonnes per annum 
 
 - Commissioned 80 MW Captive Power Plant at Zawar Mines 
 
 - Commissioned 34.4 MW Wind Energy Farms making the Company's total
 Wind Energy capacity to 123.2 MW. 
 
 
 2010
 
 - Rampura Agucha Mine expansion from 5.00 million tonnes per annum to
 6.00 million tonnes per annum, increasing the total mining capacity of
 the Company to 8.40 million tonnes per annum. 
 
 - Commissioned the 210,000 tonnes per annum Hydrometallurgical Zinc
 Smelter at Rajpura Dariba, increasing the Zinc & Lead metal
 production capacity to 964,000 tonnes per annum (879,000 tonnes of
 Zinc and 85,000 tonnes of Lead).
 
 
 2011
 
 - Commissioned 1.50 million tonnes per annum concentrator at
 Silver-rich Sindesar Khurd Mine.
 
 - Commissioned 160 MW (80X2) Captive Power Plant at Dariba Smelting
 Complex.
 
 - Around 48 MW addition in wind power generation capacity.
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 -Hindustan Zinc has given the Bonus in the Ratio of 1:1
 
 2012
 - Ramped-up Sindesar Khurd mine to 2.0 mtpa capacity.
 - Commissioned the 100 ktpa Lead smelter at Dariba, increasing the
 Lead production capacity to 185 ktpa.
 - Commissioned new Silver refinery, increasing the Silver refining
 capacity to 500 tpa.
 - Commissioned 102MW expansion in wind power, increasing total wind
 power generation capacity to around 274MW.
 - Commenced underground mine development work at Rampura Agucha mine
 and greenfield Kayar mine.
 
 2013
 -Hind. Zinc - Board recommends Final Dividend
 -Hindustan Zinc Ltd., Akhilesh Joshi has been awarded with the
 MEAI-Adheraj Baldota Memorial Gold Medal Award-2012
 
 2014
 -Hindustan Zinc Limited Commissions Sewage Treatment Plant at Udaipur
 
 -Hindustan Zinc awarded with Significant Achievement  in HR
 Excellence by CII 
 
 2015
 -Hindustan Zinc and Cairn India signed MoUs with Rajasthan
 Government
 -Hindustan Zinc (HZL) has installed refuge chambers inside its
 underground mines in the state of Rajasthan
 
 2016
 -Hindustan Zinc Board declares Special Golden Jubilee Dividend
 -Hindustan Zinc gets EC amended to scale up production
 
 2017
 - Hindustan Zinc declared interim dividend
 - HZL special dividend credit positive for Vedanta Resources
Source : Dion Global Solutions Limited
Quick Links for Hindustan Zinc
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.