Hindustan Zinc Limited Report

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  1 1. INTRODUCTION 1.1.   WHAT IS VEDANTA? They are an LSE- listed diversified FTSE 100 metals and mining company, and India’s largest non-ferrous metals and mining company based on revenues. Its business is principally located inIndia, one of the fastest growing large economies in the world.In addition, they have additional assets and operations in Zambia and Australia. We areprimarily engaged in copper, zinc, aluminum and iron are businesses, and are also developing acommercial power generation business. FOUNDER : Founder of this recognition is Mr. ANIL AGARWAL, who is chairman of thisgroup, a simple person without any special degree in management field but have a greatexperience in this field and a sharp sight of the future conditions and requirement. 1.2. ABOUT THE ORGANISATION 1.2.1. VISION  Be a world-class zinc company, creating value, leveraging mineral resources and related corecompetencies. 1.2.2. MISSION    Be a lowest cost Zinc producer on a global scale, maintaining market leadership      Be innovative, customer oriented and eco-friendly, maximizing stake-holder value    The only integrated Zinc producer in India    Refined Zinc production capacity 230,000 TPA    Refined Lead production capacity 35,000 TPA    Ore treatment capacity 4.6 MtpaContinuous operational improvements, meticulous planning, constant innovation, extensiveR&D, technological upgradation and so much more - HZL has come a long way and grown intoa multi-unit and multi-product company. Competitive position  –  Zinc  2 1.3.   HISTORY Hindustan Zinc Ltd. was created from the erstwhile Metal Corporation of India (MCI) on 10thJanuary, 1966 as a Public Sector Undertaking. In April 2002, the Government of India,disinvested its majority stake in HZL , and it became a part of the fast growing Sterlite group.Sterlite Opportunities and Ventures Ltd. (SOVL) India was founded in 1986, bringing togetherseveral metal related activities managed by the Agarwal family. In April 2002, acquired 26%stake and management control in HZL from the Government of India in privatization. Since thetechnology and costs were not in line with the global markets it was the right time for theGovernment to sell and SOVL to buy HZL. Since then HZL has been growing from strength tostrength.HZL produces Zinc, Lead and other by-products including Sulphuric Acid, Silver and Cadmium.HZL achieved an all-time high with a record output of 2,61,226 tonnes Zinc and 6,14,938 tonnesof record production of Zinc concentrate during 2003-04.   Today HZL is India’s leading base metal producer.HZL is a vertically integrated Mining & Smelting company, gearing up to:  3    Harnessing mining resources to help India achieve self-sufficiency in Zinc.    Become a global leader in Zinc.    Create value for all entities whether it is Customers, Investors or Employees. Constant innovation, meticulous attention to detail, extensive investments in R&D andtechnology are the hallmarks of HZL making it a multi-unit and multi-product company. 1.4.   HZL milestones at a glance:   2002-03 Sterlite acquires 26% and management control in HZL from the Government of Indiain privatization. A further 20% is bought from market through open offer and 18.92%from Government of India under call option. 1991 Chanderiya pyrometallurgical lead-zinc smelter and Rampura Agucha mine beginproduction. 1983 Rajpura Dariba Mine starts production. 1977 Vizag zinc smelter and second set of Zawar mine facilities commissioned. 1971 First expansion of Zawar mine commissioned. 1968 Debari smelter commissioned. 1942 Commencement of mining at Zawar.HZL is a vertically integrated company with Mines and smelters spread across multi-locations  4 1.5. ZINC PRODUCTION
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