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Hindustan Zinc likely to see 9% decline in metal production in FY21

Economictimes - KOLKATA: Hindustan Zinc Limited (HZL) is likely to see a 9% decline in metal production in FY21 due to low capacity utilization in Q1FY21 and project delays as an international travel ban has disrupted specialists' movement required for commissioning the projects, a research report has said.

HZL, the largest domestic zinc company, posted a 33.4 % decline in net profit to Rs 1,339 crore for the quarter ended March 31 against a net profit of Rs 2,012 crore in the previous corresponding quarter, according to an official notification to the BSE on Thursday.

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