rediff.com

Hindustan Zinc Contributes Rs 13,195 Cr to Exchequer in FY24

Share on:

By Rediff Money Desk, New Delhi   Jul 15, 2024 14:52

Hindustan Zinc, a Vedanta group firm, contributed Rs 13,195 crore to the exchequer in FY24, representing 46% of its total revenues. This brings its cumulative contribution over the past five years to Rs 77,803 crore.
Hindustan Zinc Contributes Rs 13,195 Cr to Exchequer in FY24
Illustration: Uttam Ghosh/Rediff.com
New Delhi, Jul 15 (PTI) Vedanta group firm Hindustan Zinc Ltd (HZL) on Monday said it has contributed Rs 13,195 crore to the exchequer in the last financial year, representing about 46 per cent of its total revenues.

In FY 2023-24, Hindustan Zinc's total contribution to the exchequer stood at Rs 13,195 crores, the Vedanta group firm said in a regulatory filing.

With this, HZL's cumulative contribution to the exchequer over the past five years stood at Rs 77,803 crore.

"As our businesses grow, so will these numbers. At Hindustan Zinc, we are committed to continuing to do business with a purpose in a manner that is sustainable, transparent and creates value for all our stakeholders," Hindustan Zinc Chairperson Priya Agarwal Hebbar said.

Over the past five years, that company has consistently contributed an average of approximately Rs 3,250 crore per year to Rajasthan in the form of royalties, contributions to the District Mineral Foundation (DMF), and other levies.

"This substantial contribution underlines Hindustan Zinc's commitment to the state's economic development," the company said.

Over the past five years, Hindustan Zinc has consistently contributed an average of approximately Rs 3,250 crore annually to the state of Rajasthan in the form of royalties, contributions to the District Mineral Foundation (DMF), and other levies.

In the past five years, the company said it has paid Rs 16,350 crore in government royalties, Rs 10,100 crore as corporate income tax, Rs 18,008 crore as corporate dividend and Rs 26,384 crore as indirect taxes.

Hindustan Zinc Limited, a Vedanta Group company, is the world's second-largest integrated zinc producer and the third-largest silver producer.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

TODAY'S MOST TRADED COMPANIES

  • Company Name
  • Price
  • Volume

More »

Moneywiz Live!