Vedanta-backed Mining Stock in Focus: Company signs MoU with US research university
The partnership aims to improve silver recovery and enhance mineral processing efficiency.
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On Thursday, shares of Hindustan Zinc Limited jumped 0.75 per cent to Rs 595.60 per share from its previous closing of Rs 591.15 per share. The stock’s 52-week high is Rs 733.00 per share and its 52-week low is Rs 381.45 per share.
Hindustan Zinc signs MoU with Virginia Tech to improve silver recovery from lead–zinc operations
The company has entered into a Memorandum of Understanding (MoU) with a United States-based research university to further advance scientific studies to improve silver recovery from its lead-zinc (Pb-Zn) concentrators. Lead-zinc concentrators are specialised facilities to process lead and zinc ore from mining activities, where lead, zinc, and silver are separated and concentrated from the ore using a flotation process.
Virginia Tech’s Expertise in Mining and Metallurgical Research
Virginia Tech, a globally recognised public land-grant research university based in Blacksburg, Virginia, is known for its expertise in mining engineering, mineral processing, and applied metallurgical research. Through this partnership, Hindustan Zinc will work closely with the university to leverage global research perspectives and technical knowledge, contributing to stronger process understanding and ongoing improvements across its concentrator operations.
Hindustan Zinc’s Market Position and Operations
Hindustan Zinc is engaged in exploring, extracting and processing of minerals. The company's products, such as refined zinc metal, are used in a number of applications, including galvanising, oxides, die castings and alloys. Lead ingot is used in various applications, including the battery segment, lead-based pigments and cathode ray tubes. Hindustan Zinc is the 3rd largest silver producer globally with an annual capacity of 800MT. The company has a market share of 75 per cent of the growing Zinc market in India.
With a market capitalisation of Rs 2,51,744 crore, Hindustan Zinc Limited remains one of the leading players in India’s metal and mining sector. The company has maintained a strong profitability profile with a 3-year average return on equity of 55 per cent. It has also maintained a healthy dividend payout ratio of 164 per cent. Over the past 1- year, the stock has delivered a return of around 44.81 per cent to investors.
Vedanta Limited holds a 61.84 per cent stake in Hindustan Zinc Limited, making it the company’s majority shareholder.
Disclaimer: The article is for informational purposes only and not investment advice.