Hindustan Zinc has left no stone unturned in generating revenue for the government during the last financial year. The company has added over Rs 1.50 crore to the government exchequer every hour. The special thing is that Vedanta Group has around 65 per cent stake in this company. On the other hand, the central government’s stake is around 30 per cent. News has been coming in for a few months now that the government will gradually sell its stake in this company. The special thing is that this year the company’s shares have seen a rise of over 107 per cent. Let us also tell you what kind of information the company has given to the stock market.
How much was given to the government in the last five years?
Hindustan Zinc Limited, a Vedanta Group company, has contributed Rs 13,195 crore to the exchequer in the last financial year. This is around 46 per cent of its total revenue. Hindustan Zinc said in the information provided to the stock exchange on Monday that the company’s total contribution to the exchequer in the financial year 2023-24 was Rs 13,195 crore. With this, Hindustan Zinc Ltd. (HZL) has cumulatively contributed Rs 77,803 crore to the exchequer in the last five years.
He also gave them money
Hindustan Zinc Chairperson Priya Agarwal Hebbar said that as our business grows, this figure will also increase. At Hindustan Zinc, we are committed to continue doing business with a purpose that is sustainable, transparent and creates value for all our stakeholders.
Over the past five years, the company has contributed an average of about Rs 3,250 crore per annum to Rajasthan in the form of royalties, District Mineral Foundation (DMF) and other fees. The company said this significant contribution reflects Hindustan Zinc’s commitment to the economic development of the state. Vedanta Group Company Hindustan Zinc Ltd. is the world’s second largest integrated producer of zinc and the third largest producer of silver.
