Large dividend payouts are unlikely to repeat in FY24, given the cash and debt situation
The company had posted a net profit of Rs 2,017 crore for the year-ago period, Hindustan Zinc said in a filing to BSE.
Normally Hindustan Zinc spends USD 200-225 million on mining expansion every year. But according to Duggal, the spending may rise to USD 300-320 million.