Hindustan Zinc, Sterlite metal output up 19% in Q4

Hindustan Zinc Ltd. | Metal - Non Ferrous | Metals & Mining | BSE: 500188 | NSE: HINDZINC

11 Apr 2011 Evaluate

Hindustan Zinc and Sterlite Industries have registered a record metal production of 231,000 tonnes in the fourth quarter of this fiscal, up 19 per cent largely due to higher contributions from Rampura Agucha and Sindesar Khurd mines.

Refined Zinc production in Q4 was up 29 per cent at 194,000 tonnes and it was up 23 per cent at 712,000 tonnes in FY'11. The new 210,000 tpa Rajpura Dariba smelter, which was commissioned in March last year, contributed 46,000 tonnes in the fourth quarter. Lead production was 10 per cent lower at 18,000 tonnes in the fourth quarter and was down 13 per cent at 63,000 tonnes for the fiscal. Sale of surplus zinc and lead concentrate was 30,000 and 18,000 dry metric tonnes in the fourth quarter. Silver production was 50,000 kg in Q4 while for this fiscal it was marginally higher at 179,000 kg.

Copper cathode production at the Tuticorin smelter was almost flat 80,000 tonnes in Q4 while the annual copper cathode output was down 9 per cent at 304,000 tonnes due to 22-day planned bi-annual shutdown in June-July and shutdown following the High Court order in September. Aluminium production was down 3 per cent at 62,000 tonnes in the fourth quarter.Construction at the 1,200-MW captive power plant at Balco is expected to be synchronized in Q1 FY'12.

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