History & Milestones
History
Hindustan Zinc Limited was incorporated from the erstwhile Metal Corporation of India on 10 January 1966 as a Public Sector Undertaking.
In April 2002, Sterlite Opportunities and Ventures Limited (SOVL) made an open offer for acquisition of shares of the company; consequent to the disinvestment of Government of India's (GOI) stake of 26% including management control to SOVL and acquired additional 20% of shares from public, pursuant to the SEBI Regulations 1997. In August 2003, SOVL acquired additional shares to the extent of 18.92% of the paid up capital from GOI in exercise of "call option" clause in the share holder's agreement between GOI and SOVL.
With the above additional acquisition, SOVL's stake in the company has gone up to 64.92%. Thus GOI's stake in the company now stands at 29.54%.
Milestones
FY 2010
- Rampura Agucha Mine expansion from 5.00 million tonnes per annum to 6.00 million tonnes per annum, increasing the total ore production capacity of the Company to 8.60 million tonnes per annum.
- Commissioned the 210,000 tonnes per annum Hydrometallurgical Zinc Smelter at Dariba Smelting Complex, increasing the Zinc & Lead metal production capacity to 964,000 tonnes per annum (879,000 tonnes of Zinc and 85,000 tonnes of Lead).
FY 2009
- Rampura Agucha Mine expansion from 3.75 million tonnes per annum to 5.00 million tonnes per annum making the total mining capacity of the Company to 7.40 million tonnes per annum
- 88,000 tonnes per annum zinc debottlenecking competed at Chanderiya Smelter Complex & Debari Zinc Smelter making the total metal production capacity to 754,000 tonnes per annum
- Commissioned 80 MW Captive Power Plant at Zawar Mines
- Commissioned 34.4 MW Wind Energy Farms making the Company's total Wind Energy capacity to 123.2 MW.
FY 2008
- Commissioned 170,000 tonnes per annum of Hydrometallurgical Zinc Smelter (Hydro II) in a benchmark time of 20 months at Chanderiya Smelter Complex
- Commissioned 80 MW Captive Power Plant at Chanderiya Smelting Complex
- 5,000 tonnes of zinc debottlenecking completed at Debari Zinc Smelter
- Commissioned 50.4 MW of Wind Energy Farms at Gujarat
FY 2007
- Sindesar Khurd Mine began production with an initial production capacity of 0.3 million tonnes per annum
- Commissioned 38.4 MW of Wind Energy Farms at Gujarat
FY 2006
- Commissioned 170,000 tonnes per annum of Hydrometallurgical Zinc Smelter (Hydro I) at Chanderiya Smelter Complex
- Commissioned 2 X 77 MW Captive Power Plant at Chanderiya Smelter Complex
- Commissioned 50,000 tonnes per annum of Ausmelt Lead Smelter at Chanderiya Smelter Complex
FY 2005
- Rampura Agucha Mine expansion from 2.30 million tonnes per annum to 3.75 million tonnes per annum
FY 2004
- 35,000 tonnes of zinc debottlenecking completed at Chanderiya Smelter Complex
FY 2003
- 32,000 tonnes of zinc debottlenecking completed at Debari Zinc Smelter and Vizag Zinc Smelter
- Debottlenecking of Rampura Agucha Mine from 1.37 million tonnes per annum to 2.30 million tonnes per annum
FY 1991
- Commissioned 70,000 tonnes per annum of zinc and 35,000 tonnes per annum of lead Pyrommetallurgical Lead-Zinc Smelter at Chanderiya
- Rampura Agucha Mine began production with an initial ore production capacity of 0.9 million tonnes per annum