Hindustan Zinc incorporates wholly-owned subsidiary for fertilizers business

9 Sept 2022 , 11:13 AM

Hindustan Zinc Limited has formed a wholly-owned subsidiary in the name and style of 'Hindustan Zinc Fertilisers Private Limited' on September 7, 2022 in the state of Rajasthan vide certificate of incorporation granted by Central Registration Centre, Manesar.

Hindustan Zinc Fertilisers Private Limited having an authorized share capital of Rs10,00,000/- divided into 1,00,000 equity shares of Rs10/- each.

The new wholly-owned subsidiary will carry on in India & elsewhere the business of manufacture, sale and dealing of multiple grades of nitrogenous, phosphatic, potassic fertilizers; chemical & other allied items.

The entity generally dealing in all types, classes and kinds of fertilizers, their intermediates, co-products and micro-nutrients that are essential to various crops/industries and in particular dealing with DAP/NPK complex fertilizers along with specialty and crop specific fertilizers, crop protection chemicals, any other downstream chemicals and related products based on consumers need and all kind of fertilizers and/or other disposition of all such products and by-products, through its state of art facilities and to carry out any other activity/activities and related services incidental in relation to the main object.

At around 10:52 AM, Hindustan Zinc Ltd is currently trading at Rs289.20 per share up by Rs0.5 or 0.17% from its previous closing of Rs288.70 per share on the BSE.

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