Hindustan Zinc declares Rs 10 interim dividend

New Delhi, Jun 11 (PTI) Vedanta group firm Hindustan Zinc Ltd on Wednesday declared an interim dividend of Rs 10 per share, amounting to Rs 4,225 crore for the current fiscal year.

The decision was taken at the company's board meeting, according to a BSE filing.

"The board of directors of the company, through a resolution passed by circulation on Wednesday... has approved the first interim dividend of Rs 10 per equity share i.e. 500 per cent on face value of Rs 2 per equity share for the financial year 2025-26," it said.

In the last fiscal year, the Hindustan Zinc distributed dividends to the tune of Rs 12,250 crore, the company said in a statement.

"This was through two dividends of Rs 19 and Rs 10," it said.

Hindustan Zinc is among the high-dividend-yield large-cap metal companies. With the first interim dividend for FY26, the dividend receipts for the government total nearly Rs 1,180 crore, it said.

The company contributes nearly 35 per cent of the declared dividend to the government treasury, including dividend to government and tax deducted at source (TDS).

The company is also planning to double its silver production to 1,500-2,000 metric tonnes and is setting up a fertiliser plant in Rajasthan.

Hindustan Zinc has recently secured critical mineral blocks, including potash and halite in Rajasthan, rare earth elements in Uttar Pradesh, and tungsten in Andhra Pradesh.

The company reported a 47.3 per cent increase in consolidated net profit at Rs 3,003 crore during the March quarter on the back of higher income.

The company had posted a net profit of Rs 2,038 crore in the year-ago period.

Income of the company during the March quarter increased to Rs 9,314 crore from Rs 7,822 crore in the year-ago period, as per the the filing to the BSE.

Hindustan Zinc is the world's largest integrated zinc producer and is among the top five silver producers globally. The company supplies to more than 40 countries and holds a market share of about 77 per cent of the primary zinc market in India.