Vedanta Group's Hindustan Zinc has raised zinc prices by Rs 2,600 per tonne to Rs 117,900 per tonne. The company has also increased lead prices by Rs 2,300 per tonne to Rs 120,700 per tonne. The Vedanta Group company has hiked the prices of its product with the rising trend of metal prices on London Metal Exchange.
Hindustan Zinc manufactures three qualities of zinc -- special high grade zinc used in construction, infrastructure, household appliances etc; high grade zinc and prime western zinc. It manufactures silver used in photographic material, conductor, jewellery, etc.
The company‘s net profit for the quarter ended September 30, 2011 has surged by 41.74% at Rs 1344.69 crore as compared to Rs 948.72 crore for the previous fiscal. The company’s total income has increased by 26.74% to Rs 3023.60 crore for the quarter under review from Rs 2385.64 crore for the similar quarter last year.
Company Name | CMP |
---|---|
Hindalco | 623.75 |
Vedanta | 477.50 |
Hindustan Zinc | 469.35 |
Gravita India | 2330.25 |
Ram Ratna Wires | 580.35 |
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