Hindustan Zinc, a Udaipur-based mining and resource production company, saw its shares rise on January 3, 2025. This came to pass after the company revealed its business update for the third quarter of FY25, which started in October and concluded in December.
Hindustan Zinc Updates
As per the company’s announcement, its mined metal production rose to 265,000 tonnes. This is about 3 per cent higher than compared to the previous quarter.
According to an exchange filing, the company’s refined metal production in the third quarter was 259 KT, flat YoY and down marginally QoQ due to a planned maintenance shutdown in 3Q.
Representative image
Furthermore, the company also added, that refined zinc production rose to 204 KT, jumping 3 per cent. Lead production stood at 55 KT, owing to lower pyro plant operations on lead mode for longer duration during base periods.
The company that produces zinc, lead, silver and cadmium saw its shares jump by over 2 per cent in the intraday trade on the last day of the trading week.
In addition, wind power generation was 47 MU, a 14 per cent yearly decrease.
Hindustan Zinc Shares
The company is majorly owned by mining behemoth Vedanta, who owns over 60 per cent of the stake in the company. Meanwhile, the government of India owns sizeable shares as well.
Hindustan Zinc shares opened at Rs 452.50 per share. Thereafter there was hike in its value as the day’s trade progressed further.
The company shares after touching the low of Rs 450.85, hopped on its news of rise in mineral production. At the time of writing, this rise stood at a mammoth 3.30 per cent or Rs 14.95. This took the overall value of the company shares to Rs 467.45.
In the past 5 trading sessions, the company shares rose by 4.27 per cent or Rs 19.15.