Hindustan Zinc's Market Cap Soars to Rs 2.8 Lakh Crore

Vedanta group firm Hindustan Zinc Ltd (HZL) has seen a staggering growth in its market capitalisation, reaching Rs 2.8 lakh crore from Rs 600 crore over two decades. The company, a leading producer of zinc and silver, has also achieved significant operational efficiencies and reduced production costs in FY24.

Vedanta group firm Hindustan Zinc Ltd (HZL) has soared in market capitalisation, now standing at an impressive Rs 2.8 lakh crore, up from Rs 600 crore two decades ago.

Speaking at the 58th Annual General Meeting, Chairperson Priya Agarwal Hebbar noted that Hindustan Zinc's market capitalisation is the highest among all metal and mining peers in India.

In FY24, significant improvements in operational efficiencies and a remarkable reduction in the cost of production propelled the company forward, recording the lowest annual production cost in three years at USD 1,117 per tonne.

Hindustan Zinc, the world's second-largest integrated zinc producer and the third-largest silver producer, supplies its products to over 40 countries and holds a 75% market share of the primary zinc market in India.

(With inputs from agencies.)