Hindustan Zinc Limited: Results for the Second Quarter and Half Year Ended September 30, 2020

MUMBAI, India, Oct. 20, 2020

"Interim Dividend of INR 21.30 per share amounting to INR 9,000 crore"

MUMBAI, India, Oct. 20, 2020 /PRNewswire/ -- The following release was issued today by Vedanta Limited's subsidiary Hindustan Zinc Limited.

Highlights for the quarter

• Mined metal production: 238kt
• Refined metal production: 237kt
• Saleable silver production: 203 MT
• Zinc COP: $919 per MT

Hindustan Zinc Limited, the leading global integrated producer of zinc, lead and silver, reported its results for the second quarter and half year ended September 30, 2020.

Commenting on the Q2 performance, Mr Arun Misra, CEO, said: "On back of streamlined operations, we continue to deliver record volumes despite the challenges posed by the pandemic. We are setting up Hindustan Zinc for its next phase of growth and are confident to deliver superior value to our stakeholders in a sustainable manner."

Mr Swayam Saurabh, CFO, said: "Our operational discipline and focussed cost optimisation programmes leveraging technology & digitalisation are driving our cost lower and is evident in our financial performance. Our unwavering focus to invest in high IRR projects and strong cash conversion discipline is enabling us to stay ahead of the curve and deliver industry leading returns"