Hindustan Zinc has reported record first-quarter mined metal output, marking the fifth straight year the company has set new production benchmarks.
The Vedanta Group subsidiary attributed the 1% year-on-year increase to 268,000 tonnes primarily to improved ore grades at its operations.
The stock declined 16% in June, with recent trading sessions seeing further losses as global silver prices retreated.
The production update coincides with the company’s announcement of a memorandum of understanding for green energy solutions, reinforcing its long-term net-zero emissions strategy.
Despite the operational milestone, Hindustan Zinc shares have faced significant selling pressure.
The stock declined 16% in June, with recent trading sessions seeing further losses as global silver prices retreated.
The sharp drop in precious metal values has weighed heavily on investor sentiment across the metals sector, overshadowing the positive production data for the zinc producer.