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Hindustan Zinc Ltd. Company History and Annual Growth Details

1942

- A small lead smelting pilot plant was set up at Tundoo near Dhanbad
in Bihar.

1944

- Metal Corporation of India (MCI) was formed and all the assets of the
Company were transferred to MCI.

1945

- The Government of India surrendered the mining rights over Zawar to
Mewar durbar and MCI obtained the prospecting licence for 2 years and
in 1950 obtained a mining lease.

1960

- MCI obtained licence for production of 9,000 tpa of lead and 5,40,000
Ozs of silver p.a.

1966

- The company was Incorporated 10th January, in Rajasthan. The Company
is a producers of Zinc and lead from the Company's Mines and Smelters.

1990

- Facilities for production of cobalt and indigenous lead-zinc ores
were commissioned during the year. In-house technology for the
recovery of cobalt was made possible through R&D and Cooperation with
BARC.

1993

- The application for prospecting licence for gold for Bhukia Jagpura
Banswara District and Dungarpur District Rajasthan was subletted to
Rajasthan Government.

1994

- 40,37,31,900 shares disinvested in favour of Mutual Funds and
Financial Institutions. The Company allotted 188,00,000 shares to the
President of India in 1992.

1996

- The Company entered into a MOU with BHP minerals Ltd., Australia for
joint venture project for exploration of base precious minerals in
Rajasthan. Another MOU was entered into with Vigego, Vietnam and
La-Sarce France for a joint venture project for exploration at Pac-Lang
Gold prospect in Vietnam.

1997

- The Company decided to develop Sindesar Khurd Lead-Zinc Silver
deposit in Rajsamand, Rajasthan as a replacement mine to Rajpura-Dariba
with a capacity to produce 1000 tpd Ore. The Company closed its Degana
Tungstan Mine in Rajasthan as its operations became uneconomical.

- Hindustan Zinc Ltd and Rajasthan State Mines and Minerals Ltd (RSMML)
signed a memorandum of understanding of set up a Rs.3,300 crore power
project near Udaipur in Rajasthan.

- Hindustan Zinc Ltd (HZL) has entered into a memorandum of
understanding for 1997-98 with the Government of India.

- Public sector Hindustan Zinc has entered into three separate
agreements with international mining majors for diversification into
mining and prospecting of previous minerals in India and abroad.

- The company has formed a joint venture with BRMG of France and
Vietnam Rare & Precious Minerals Corporation (VMC) to explore and
develop gold mines in the Southeast Asian country.

- The company's second joint venture is with Nuigini Mining for
exploration of gold in Andhra Pradesh, Uttar Pradesh, Madhya Pradesh
and Karnataka.

- The company's third joint venture is with the Australian major,
Broken Hill Proprietaries for prospecting of non-ferrous metals like
zinc, lead, copper as well as gold in Rajasthan.

- Hindustan Zinc Ltd (HZL), a public sector enterprise under the
Ministry of Mines, has entered into a memorandum of understanding (MoU)
with BHPM, Australia, for grassroot exploration of zinc and lead along
with other precious minerals in Rajasthan.

- HZL has also entered into a MoU with CSIR for setting up a nickel
technology proving plant (TPP) for extraction of nickel from overburden
of chromite at Sukhinda mines in Orissa.

- HZL is likely to install a new zinc smelter with a capacity of around
60,000 to 1,00,000 tonnes, work for which will be initiated in 1998-99
and the plant is likely to be commissioned by the end of the Ninth Plan
or early Tenth Plan.

- HZL is also negotiating with another Australian company Pasminco for
grassroot exploration of Ajmer district in Rajasthan.

- HZL has signed MoUs with three foreign companies - BHP Mining and
Nuigini Mining (NML) for exploration and exploitation of base and
precious metals in India and BRGM/VMC for gold prospecting in Vietnam.

- The Rampura-Agucha mines of Hindustan Zinc Limited (HZL) has been
awarded ISO 9002 certificate for quality management system by SGS
Yarsley International Certificate Services Limited.

1998

- Crisil has assigned a P1+ rating to the Rs.10-crore short-term
deposit programme of Hindustan Zinc.

- The Foreign Investment Promotion Board (FIPB) has approved a joint
venture proposal of Australian mining giant, BHP, and the State owned
Hindustan Zinc Ltd (HZL) to mine base metals in Rajasthan.

- The power plant is being set up in joint venture with the state-owned
Rajasthan State Mines and Minerals Ltd.

- Public sector Hindustan Zinc Limited (HZL) will set-up a 100 mega
watt (mw) captive power plant in Rajasthan to meet its power
requirement for existing mines in the region.

1999

- Rashtriya Chemicals & Fertilisers (RCF), Hindustan Zinc (HZL) and
Rajasthan State Mines & Minerals (RSMML) have signed a memorandum of
understanding for a Rs 300-crore diammonium phosphate (DAP) project in
Rajasthan.)

- Public sector Hindustan Zinc has commenced closure of loss-making
units as part of its strategy for improving valuation of the company
prior to its privatisation.

2002

-The US$1.3 billion Sterlite Group (Sterlite) announces that it has been declared the successful bidder for the acquisition of a 26% equity stake in Hindustan Zinc Ltd (HZL) for Rs 4450 million ($91.30 m) through Sterlite Opportunities and Ventures Ltd, a Special Purpose Vehicle set up for the same.

-Sterlite Industries India Ltd has informed that US $ 1.3 billion Sterlite Group,on April 11, 2002 made payment of Rs 4450 million to the Govt. of India and completed the acquisition of 26% stake in Hindustan Zinc Ltd.

-Hindustan Zinc Ltd has the following changes in management structure:

-Directors ceased Mr B N Mittal Chairman-MD Mr A N Mittal Director Dr Vinayahil Gautam Director Dr S K Gupta Director.

-Directors nominated on behalf of strategic partner ie Sterlite opportunities and ventures Ltd w e f April 11, 2002. Mr K K Kaura Managing Director,Mr Anil Agarwal Additional DirectorMr Navin Agarwal Additional Director,Mr Tarun Jain Additional Director, Mr C V Krishnan Additional Director,Mr C A Sundaram Additional Director.

-Govt. Nominee Directors w e f April 11, 2002;Dr A K Kundra Chairman, Mr A C Wadhawan Director,Mr Nand Kishore Shukla Director.

- Mr C Sankaran, Company Secretary & GM has been nominated as Compliance Officer by the Board.

-Govt of India has disinvested 26% of the paid up capital of theHindustan Zinc Ltd ie 109858294 number of shares along with management control in favour of Sterlite Opportunities and Ventures Ltd (SOVL).

2003

-HZL's Zinc Smelter, Vishakapatnam is accredited with ISO 9000:2000 certification
for its quality management system for manufacturing primary zinc, cadmium metals
and sulphuric acid through hydro metallurgical process.

-Hindustan Zinc Ltd registered a 113.58% growth in its net profit.

-HZL, a part of Sterile Group has raised $12 million worth of ECBs for its ambitious
Capacity Expansion (Capex) programme.

-Hindustan Zinc Ltd has informed that Mr Aditya Narayan has jointed the Sterlite Group and will take responsibility as Managing Director of the Company from Mr K K Kaura, CEO Sterlite

2004
- 35,000 tonnes of zinc debottlenecking completed at Chanderiya Smelter Complex

2005

-Hindustan Zinc Ltd informes the inauguration of the Company's New Zinc Smelter at Chanderiya in Rajasthan with a production capacity of 170000 Tons Per Annum and 154 MW Captive Power Plant

-Hindustan Zinc Ltd has given Greentech Environment Excellence Silver Award for 2004-2005 in metal sector for its environment management

- Rampura Agucha Mine expansion from 2.30 million tonnes per annum to 3.75 million tonnes per annum

2006

-HZL picks up 'Golden Peacock' award

- Commissioned 170,000 tonnes per annum of Hydrometallurgical Zinc Smelter (Hydro I) at Chanderiya Smelter Complex

- Commissioned 2 X 77 MW Captive Power Plant at Chanderiya Smelter Complex

- Commissioned 50,000 tonnes per annum of Ausmelt Lead Smelter at Chanderiya Smelter Complex

2007

-Hindustan Zinc Ltd has appointed Shri. Sanjiv Kumar Mittal, Joint Secretary & Financial Adviser, Ministry of Mines as Government Nominee Director on the Board of the Company with immediate effect in place of Shri. Sujit Gulati.

- Hindustan Zinc Ltd has informed that the President of India vide letter dated November 28, 2007 appointed Shri. A K Singh, Director, Ministry of Mines as Government Nominee Director on the Board of the Company with immediate effect.

- Sindesar Khurd Mine began production with an initial production capacity of 0.3 million tonnes per annum

- Commissioned 38.4 MW of Wind Energy Farms at Gujarat

2008

- Commissioned 170,000 tonnes per annum of Hydrometallurgical Zinc Smelter (Hydro II) in a benchmark time of 20 months at Chanderiya Smelter Complex

- Commissioned 80 MW Captive Power Plant at Chanderiya Smelting Complex

- 5,000 tonnes of zinc debottlenecking completed at Debari Zinc Smelter

- Commissioned 50.4 MW of Wind Energy Farms at Gujarat

2009

- Rampura Agucha Mine expansion from 3.75 million tonnes per annum to 5.00 million tonnes per annum making the total mining capacity of the Company to 7.40 million tonnes per annum

- 88,000 tonnes per annum zinc debottlenecking competed at Chanderiya Smelter Complex & Debari Zinc Smelter making the total metal production capacity to 754,000 tonnes per annum

- Commissioned 80 MW Captive Power Plant at Zawar Mines

- Commissioned 34.4 MW Wind Energy Farms making the Company's total Wind Energy capacity to 123.2 MW.