Hindustan Zinc achieves best-ever mined production of 10,17,000 tonnes in FY22; logs 5% yoy growth

5 Apr 2022 , 10:41 AM

Hindustan Zinc Limited has achieved multiple milestones in the current financial year. It has recorded the best-ever mined metal production crossing the 1 million mark to reach 10,17,000 tonnes in FY22, recording a growth of 5% yoy, on the back of higher ore production across the mines.

The company has also logged the ever-highest refined metal production at 967,000 tonnes in FY22; reflecting a growth of 4% yoy, driven by better plant & concrete availability.

Lead production was lower as the company has changed the mode of Pyro Plant’s operations from Lead mode to Zinc-Lead mode. It witnessed an 8% yoy decline in saleable silver production of 647 MT at par with the lead metal production & reduction of silver WIP.

In the quarter ended March 2022, the company has reported metal production of 2,95,000 tonnes since the UG transition, registering a growth of 17% QoQ against the previous quarter, and 3% yoy against Q4FY21.

Q4FY22 Refined metal production at 260,000 tonnes, registering a growth of 2% as yoy, and flat sequentially. Integrated zinc production was at 211,000 tonnes, logging 8% yoy growth as compared to Q4FY21 and down by 1% yoy sequentially.

Integrated lead production stood at 49,000 tonnes for Q4FY22, down 19% as compared to Q4FY21 on account of the Pyro plant (at CLZS) being operated on Zinc-Lead mode. Saleable silver production was reported at 162 MT, down by 20% as against Q4FY21 & down 6% as compared to Q3FY22 in sync with lead metal production.

HZL Wind Power generation was 66 million units for Q4FY22 as against 65 million units in Q4FY21, up by 2% yoy.

Hindustan Zinc is currently trading at Rs326.55 up by Rs1.6 or 0.49% from its previous closing of Rs324.95 on the BSE. The scrip opened at Rs331.55 and has touched intraday high and low of Rs333 and Rs325.20 respectively.