Hindustan Zinc wins 1,841-hectare potash-halite block in Rajasthan via e-auction

Vedanta group firm, Hindustan Zinc Limited (HZL), on Wednesday (July 16), said it has received a Letter of Intent (LoI) from the Ministry of Mines, Government of India, for a major mineral block in Rajasthan.The Letter of Intent pertains to the grant of a composite license for the Jhandawali–Satipura Amalgamated potash and halite block, located in the Hanumangarh district. The block spans 1,841.25 hectares. The license was awarded following an e-auction process in which Hindustan Zinc emerged as the preferred bidder.

Q1 production figures
Hindustan Zinc company achieved its highest Q1 mined metal output at 265 kilo tonnes, marking a 1% year-on-year (YoY) increase. However, the figure declined 15% sequentially, attributed to regular mine preparation activities undertaken during the first quarter.
Also Read: Why Hindustan Zinc shares surged on ThursdayRefined metal production stood at 250 kilo tonnes, down 5% YoY and 7% quarter-on-quarter (QoQ). This includes 202 kilo tonnes of refined zinc and 48 kilo tonnes of refined lead, reflecting lower plant availability and scheduled maintenance. Hindustan Zinc Alloys, a wholly-owned subsidiary, delivered its highest quarterly production of 5.1 kilo tonnes during the quarter.

Silver production fell to 149 tonnes, down 11% YoY and 16% sequentially, primarily due to reduced silver input from the SK mine and a higher work-in-progress liquidation base in the previous quarter. Wind power generation surged to 134 million units, up 24% YoY and 113% QoQ, driven by seasonal wind velocity patterns.

Shares of Hindustan Zinc Ltd ended at ₹435.20, down by ₹2.10, or 0.48%, on the BSE.

Also Read: Hindustan Zinc Q4 Results: Vedanta-unit reports nearly 50% profit growth, margins expand