Hindustan Zinc Limited was incorporated from the erstwhile Metal Corporation of India on 10th January 1966 as a Public Sector Undertaking. In April 2002, Sterlite Industries (India) Limited made an open offer for acquisition of shares of the company consequent to the disinvestment of Government of India’s stake (26%) including management control to Sterlite and pursuant to the regulations of SEBI Regulations 1997 acquired additional 20% of shares from public. In August 2003, Sterlite Industries acquired additional shares to the extent of 18.92% of the paid up capital from Government of India (GOI).
 

Milestones (Post Disinvestment)

• 2007 Chanderiya Hydrometallurgical Zinc Smelter (Hydro II) commissioned
  • 63.2 MW Wind Energy Project commissioned
• 2006 Chanderiya Ausmelt Lead Smelter commissioned.
  • Sindesur Khurd Mine began production.
• 2005 Chanderiya Hydrometallurgical Zinc Smelter (Hydro I) commissioned along with a 154 MW coal based captive power plant.
• 2003 Sterlite Industries acquires 18.92% stake in Hindustan Zinc from Government of India
• 2002 Sterlite acquired 26% stake in Hindustan Zinc from the Government of India. Consequent to disinvestment a further 20% is bought from market through open offer.