Hindustan Zinc reports highest ever quarterly integrated metal production of 2.61 lakh tonnes in Q3 up by 11% yoy; Stock soars 3%

4 Jan 2022 , 01:33 PM

Hindustan Zinc has presented its production numbers for the third quarter and nine months ended December 31, 2021. On Tuesday, the company’s stock was in the fast lane.

The company posted the highest ever quarterly integrated metal production at 261,000 tonnes, up 11% as compared to Q3 FY21 & up 25% compared to Q2 FY22, supported by better plant & mined metal availability and improved operating parameters. Integrated zinc production was at 214,000 tonnes, up 17 % as compared to Q3 FY21 and up by 32% as compared to Q2 FY22. Refin ed lead production was 47,000 tonnes for Q3 FY22, down 10% as compared to Q3 FY21 on account of Pyro plant (CLZS) operations on zinc-lead mode compared to lead mode only.

Further, integrated saleable silver production  was at 173 MT, down 5%  as  compared  to Q3 FY21 in line with lead  production & up 14 % as compared to Q2 FY22 due to depletion of WIP.

Mined metal production for Q3 FY22 was at 252,000 tonnes, up 3% as compared to Q3 FY21 on account of higher ore production at Sindesar Khurd & Zaw ar mines and higher feed grade at Rampura Agucha, supported by improvem ent in recovery, partly offset by lower ore metal grade.

For nine months period of FY22, the company recorded highest ever mined metal production at 722,000 tonnes for the nine months ended FY22, up  6% YoY in li ne  with higher ore production at Rampura Agucha, Sindesar Khurd & Zawar mines and increased recovery, partly offset by lower ore metal grade.

Nine months ended  FY22 refined metal production was at 707,000,  up  5%  as  compared  to  nine months ended FY21 in lin e w ith  better plant and mined metal availability. Silver production was 4% lower YoY at  485 MT in line with lower lead me tal production & depletion of silver WIP.

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At around 1.30 pm, Hindustan Zinc was trading at Rs328.65 per piece up by 2.8% on Sensex. The stock has touched an intraday high of Rs334.10 per piece.