Hindustan Zinc Limited: Results for the Fourth Quarter and Full Year Ended March 31, 2020

MUMBAI, India, May 21, 2020

MUMBAI, India, May 21, 2020 /PRNewswire/ -- The following release was issued today by Vedanta Limited's subsidiary Hindustan Zinc Limited.

Highlights for the quarter

• Mined metal production of 249kt, up 6% q-o-q
• Refined metal production of 221kt, up 1% q-o-q
• Silver production of 168 MT, up 12% q-o-q

Highlights for the year

• Mined metal production of 917kt, down 2%
• Refined metal production of 870kt, down 3%

Hindustan Zinc Limited, the leading global integrated producer of zinc, lead and silver, reported its results for the fourth quarter and full year ended March 31, 2020. 

Commenting on the Q4 and FY performance, Mr Sunil Duggal, CEO, said: "Industrial activity across the globe is undergoing a level of disruption unforeseen since the second world-war. In these challenging times, our focus is business continuity and safety of our people & operations and supporting our communities affected by the pandemic. We have ramped up our operations back to normal levels and are confident of delivering good performance in FY2021."

Mr Swayam Saurabh, CFO, said: "We are accelerating our sustainable cost reduction programs and finding new opportunities to control costs & conserve capital in rapidly evolving ecosystems. We are confident to emerge stronger from the current economic crisis and generate superior returns for our shareholders."