GOVERNMENT RECEIVES RS. 5059 CRORE DIVIDEND (INCL TAX) FROM HINDUSTAN ZINC

HZL’s Special Golden Jubilee dividend of Rs 12,205 crore (including DDT) to the shareholders is second highest ever in the country after Coal India. Mr. Sunil Duggal CEO Hindustan Zinc Limited presented a dividend cheque of Rs 2,995 crore to Hon’ble Finance Minister Shri Arun Jaitley and the then Steel and Mines Minister Shri Narendra Singh Tomar on 11th April, 2016. The dividend was paid on account of Government of India’s residual stake of 29.54% in HZL (an erstwhile central public sector enterprise).
Secretary (Revenue) Dr. Hasmukh Adhia, Secretary (Mines) Shri Balvinder Kumar, Mr. Tom Albanese, Group CEO, Vedanta, Mr. Tarun Jain, Group Finance Director Vedanta, Mr. Amitabh Gupta, CFO, Hindustan Zinc and other senior officials of Ministries of Finance and Mines were also present on the occasion.

The highest ever dividend by a private company to the Government of India. 

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