Reena Sinha Puri, Ms. However, having regard to the provisions of the first proviso to Section 1 of the Companies Act,the Annual Report excluding the aforesaid information is being sent to the Members of the Company.
The increase is mainly due to higher dividend liability last year and lower surplus cash this year Contribution to the Exchequer Your Company has contributed Rs. Integrity We place utmost importance to engaging ethically and transparently Report on hindustan zinc all our stakeholders, taking accountability of our actions to maintain the highest standards of professionalism and complying with international policies and procedures.
Nikunja Bihari Dhal ceased to be directors during the year. Treasury income is expected to be lower due to reduction in investment corpus and current softening in rates while tax rate for FY is expected to be slightly higher than MAT.
The south ventilation shaft sinking was completed towards the end of the year, while the main shaft sinking reached its ultimate depth of metres. Zawar mill expansion and associated power up-gradation project are at advanced stages with completion planned in Q2 of FY In FYmined metal production is expected to be higher than FY In terms of the provisions of Section 12 of the Companies Act, read with Rules 5 2 of the Companies Appointment and Remuneration of Managerial Personnel Rules,a statement showing the names and other particulars of employees drawing remuneration in excess of the limits set out in the said Rules forms Report on hindustan zinc of the Report.
The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities. Further, Business Responsibility Report, describing the initiatives taken by your Company from an Environmental, Social and Governance perspective, also forms a part of this report.
Hindustan Zinc Limited published this content on 25 July and is solely responsible for the information contained herein. The Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively, and vi.
Detailed policy is available on our website http: However, the Company is deeply anguished to report an unfortunate accident at the project site post mill commissioning, where a rare crane collapse caused four fatalities of contractor employees. We have added In addition, the Company has also provided Rs.
Silver sales were MT in FYall in the domestic market and 5. Care As we continue to grow, we are committed to the triple bottom line of People, Planet and Prosperity to create a sustainable future in a zero harm environment for our communities.
The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively XII. Our total power generation in FY was 3, million units, down 3.
The Company successfully commissioned 16 MW of captive solar farms in March Distributed by Public, unedited and unaltered, on 25 July The new mill of 1. Sudhaker Shukla and Mr. The winder foundation work for the shaft was completed while head gear erection is nearing completion.
The only adverse remark is for not fulfilling the criteria of adequate number of Independent Directors which is expected to be complied soon and not having a Woman Director for part of the year.
This reduction was due to lower cyclical mine production in first half of the year resulting in lower metal volumes. Maintain market leadership and enhance customer delight. Respect We lay consistent emphasis on Human Rights, respect the principle of free, prior, informed consent, while our engagements with stakeholders give local communities the opportunity to voice their opinions and concerns.
Farida M Naik and Mr. We actively encourage their development and support them in pursuing their goals. This was largely due to the on-going mining projects and other sustaining capex.
Refined zinc-lead metal production will be around kt, which will be evenly spread through the year. The accident was fully investigated and corrective action was taken at all our sites.
Details of the same are provided in Annexure 5. The Directors also sincerely thank the Central Government and the State Governments of Rajasthan, Andhra Pradesh, Gujarat, Karnataka, Tamil Nadu, Maharashtra, Jharkhand and Uttarakhand; and the bankers, auditors, vendors, customers and the shareholders of the Company for their continued support.
Silver production will be over MT. The aggregate sales were lower by 8.Jun 30, · Hindustan Zinc is a subsidiary of the BSE and NSE listed Vedanta Limited (formerly known as Sesa Sterlite Limited; ADRs listed on the NYSE), a.
Aug 24, · Kotak Securities recommended accumulate rating on Hindustan Zinc with a target price of Rs in its research report dated August 23, Zinc for Galvanization Galvanized steel lasts for many years in non-aggressive environment, and is more effective in protecting steel when the structure is located in moderately corrosive environment.
Centrum is bullish on Hindustan Zinc has recommended buy rating on the stock with a target price of Rs in its research report dated July 23, a report on practical training at hindustan zinc limited chanderia lead-zinc smelter chittorgarh (rajasthan).
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