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Hindustan Zinc reported Q2 numbers; here's what the CEO has to say

Hindustan Zinc reported a strong quarter. In an interview to CNBC-TV18, Sunil Duggal, CEO of Hindustan Zinc spoke about the results and his outlook for the company.

October 24, 2017 / 04:02 PM IST

Hindustan Zinc reported a strong quarter. In an interview to CNBC-TV18, Sunil Duggal, CEO of Hindustan Zinc spoke about the results and his outlook for the company.

Market to remain deficit in the next few quarters and this will drive the prices of zinc, said Duggal.

"In our kind of operations the coal cost and fuel cost plays a major role," he added.

We took a strategic call of doing hedging for about 25 percent of our annual production for Q4 and Q1 of next fiscal, he said.

This is one-off decision we have taken and we are not saying whether we will think about this or no going forward. However, seeing the volatility of the prices, we thought its good move to do hedging, at least a part of the hedging, he further mentioned.

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CNBC-TV18
first published: Oct 24, 2017 03:53 pm
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