28 Apr 2017 | Livemint.com

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Hindustan Zinc Ltd.

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Hindustan Zinc Ltd. Accounting Policy

CORPORATE GOVERNANCE

Company’s Philosophy on Code of Governance

The Company’s philosophy of Corporate Governance is the application of continued best management practices assisting the management of the company in the efficient conduct of its business, continued compliances of law and adherence to highest ethical standards to achieve the Company’s objective of enhancing shareholder value and its image. Adopting high standards with transparency gives comfort to all existing and potential stakeholders including government & regulatory authorities, customers, suppliers, bankers, employees and shareholders. The Company remains resolute in its commitment to conduct business in accordance with the highest ethical standards and sound Corporate Governance practices. This approach to value creation emanates our belief that sound governance system, based on relationship and trust, is integral to creating enduring value for all. Company’s Business Ethics & Code of Conduct provides the overarching philosophy of its Corporate Governance practices. All Directors and employees are bound by Code of Conduct that sets out the fundamental standards to be followed in all actions carried out on behalf of the Company.

In India, Corporate Governance standards for listed companies are regulated by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (earlier, Clause 49 of the listing agreement of the Stock Exchanges). The Company has adopted best practices mandated in SEBI (LODR) Regulations, 2015. This chapter, along with those in the Business Review Section and Additional Shareholder Information, reports the Company’s compliance with SEBI (LODR) Regulations, 2015.

Board of Directors

The primary role of the Board is that of trusteeship to protect and enhance shareholder value through strategic supervision of the company.

As trustees, the Board has a fiduciary responsibility towards all the shareholders and ensures that the company has clear goals aligned to shareholder value and its growth. The Board sets strategic goals and seeks accountability for their fulfilment. The Board also provides direction and exercises appropriate control to ensure that the Company is managed in a manner that fulfils all stakeholders’ aspirations and societal expectations. The Board, as part and parcel of its functioning, also periodically reviews its role.

(I) Composition of the Board

The composition of the Board of Directors of the company is an appropriate combination of executive and non-executive Directors with right element of independence. As on March 31, 2016, the Company’s Board comprised of nine Directors, two of whom are nominee Directors from Government of India including one woman Director, two executive Directors and two promoter Directors. In addition, there are three independent Directors on the Board. In terms of clause 17(1)(b) of SEBI (LODR) Regulations, 2015, the company is required to have one half of total Directors as independent Directors, however at the year end, the Company is having two independent Directors short. The non-executive Directors are appointed or re-appointed based on the recommendation of the Nomination & Remuneration Committee which considers their overall experience, expertise and industry knowledge. One third of the non-executive Directors other than independent Directors, are liable to retire by rotation every year and are eligible for reappointment, subject to approval by the shareholders.

(ii) Number of Board Meetings

The Board of Directors met six times during the financial year, on April 20, July 20, September 18 and October 19 in 2015 and on January 21 and March 30 in 2016. The maximum time gap between any two meetings was less than four months. The agenda for each meeting is prepared well in advance, along with explanatory notes wherever required and distributed to all Directors.

(iii) Attendance and Directorships Held

As mandated by the SEBI (LODR) Regulations, 2015, none of the Directors are members of more than ten board-level committees nor are they chairman of more than five committees in which they are members. Further all the Directors have confirmed that they do not serve as an independent director in more than seven listed companies or where they are whole-time directors in any listed company, then they do not serve as independent director in more than three listed companies.

The names and categories of the Directors on the Board, their attendance at Board meeting during the year and at last Annual General Meeting, as also the number of Directorships and Committee memberships held by them in other companies are shown in Table 1

(iv) Information Supplied to the Board

The Board has complete access to all information of the Company and is regularly provided advanced detailed information as a part of the agenda papers or is tabled therein. In addition, detailed quarterly performance report by the CEO is presented in the quarterly Board meeting, encompassing all facets of the Company’s operations during the quarter, including update of key projects, outlook and matters relating to environment, health & safety, corporate social responsibility etc. The following information is provided to the Board as a part of the agenda papers:

• Annual and Quarterly financial statements for the Company and the Accounting Policy

• Minutes of the meetings of the Audit Committee and other Committees of the Board

• Annual business plan

• Information on recruitment and remuneration of senior officers just below the level of Board, including the appointment or removal of Chief Financial Officer and Company Secretary, whenever required

• Expansion projects and its status monitoring

• Materially important notices of show cause, demand, prosecution and penalty, if any

• Fatal or serious accidents, injuries or any material environmental problems, if any

• Any material default in financial obligations to and by the Company, or substantial non-payment for goods sold by the Company, if any

• Any issue involving possible public or product liability claims of substantial nature, including any judgement or order which may have passed strictures on the conduct of the Company or taken an adverse view regarding another enterprise that can have negative implications on the Company

• Details of any joint venture or significant collaboration agreement

• Transactions that involve substantial payment towards goodwill, brand equity or intellectual property, if any

• Significant labour problems and their proposed solutions, whenever necessary

• Any significant development in human resources / industrial relations including long-term wage agreement, major voluntary retirement scheme, etc.

• Sale of material nature like equity investments and fixed assets, which is not in the normal course of business, if any

• Quarterly details of foreign exchange exposures and the steps taken by the management to limit the risks of adverse exchange rate movement, if material

• Quarterly disclosure of all the investments made

• Material non-compliance of any regulatory, statutory nature or listing requirements and shareholders service, such as non-payment of dividend, delay in share transfer and others, if any

• Quarterly review of compliance status under various laws applicable to the Company

• Notices in respect of (a) Show case (b) Demand (c) Penalty and (d) Prosecution, which are materially important

• Corporate Social Responsibility activities

• Substantial non-payment of goods sold by the Company except disputes

• Related Party Transactions, if they are not at arm’s length and in the ordinary course of business

• Near term outlook

• Half-yearly summary of bank guarantees issued.

• All other matters required to be placed before the Board for its review / information / approval under the statutes, including Clause 49 of the Listing Agreement with Stock Exchanges.

(v) Remuneration to Directors

Non-executive Directors, except Government

Directors in the employment of the Government are paid a remuneration in the form of commission and a fixed sitting fee for each meeting, as approved by the Board and within statutory limits. The remuneration paid to Mr. Sunil Duggal, CEO & Whole-time Director and Mr. Akhilesh Joshi, Whole-time Director is as per the approval granted by the Board and subject to shareholders approval. For FY 2016, the total remuneration is as shown in Table 2A and Table 2B. Payment of commission to non-executive Directors and independent Directors has been approved by the shareholders upto the limit specified under The Companies Act, subject to the annual amount approved by the Board of Directors.

Non-executive Directors do not hold any shares and convertible instruments of the Company and there are no pecuniary relationships or transactions of them, vis-à-vis the Company, except as mentioned above. The Company has not granted any stock option to any of its Directors. During FY 2016, the Company did not advance any loan to any of its Directors.

As per the requirement of SEBI (LODR) Regulations, 2015, separate meeting of the independent Directors was held on March 22, 2016.

(vi) Directors’ Familiarisation Programme

The Board members are provided with necessary documents, reports, internal policies and site visits to enable them to familiarise with the Company's operations, its procedures and practices. Periodic presentations are made at the Board and Board Committee Meetings, on business and performance updates of the Company/group subsidiaries, global business environment, business strategy and risks involved. Detailed presentations on the Company's business segments were made at the meetings of the Directors held during the year. Details of the same are available on www.hzlindia.com

(vii) Director Retiring by Rotation

As per law, two-thirds of non-executive and nonindependent Directors should retire by rotation. Onethird of these Directors are required to retire every year and if eligible, offer themselves for reappointment. Ms. Sujata Prasad would retire in upcoming AGM and being eligible, has offered herself for re-appointment. A brief profile of Ms. Sujata Prasad is as follows.

Ms. Sujata Prasad

Appointed on the Board w.e.f. May 3, 2013. She is Joint Secretary & Financial Advisor in the Ministry of Mines, Corporate Affairs and Youth Affairs & Sports, Government of India. She is also on the Board of Coal India Limited, Hindustan Copper Limited and Bharat Aluminium Company Limited. She has held senior managerial positions in different ministries and departments of the Central Government, including her last stint as Head of Training & Research Institute of the Ministry of Finance. Moreover she has been senior financial advisor of the All India Institute of Medical Science for five years.

(viii) Committees of the Board

The Company has five Board-level Committees - Audit Committee, Stakeholder Relationship Committee, Corporate Social Responsibility Committee, Nomination & Remuneration Committee and Risk Management Committee.

All decisions pertaining to the constitution of Committees, appointment of members and fixing of terms of service for Committee members are taken by the Board of Directors. Details on the role and composition of these Committees, including the number of meetings held during the financial year and the related attendance, are provided below:

a) Audit Committee

The Audit Committee of the Board, inter alia, provides reassurance to the Board on the existence of an effective internal control environment that ensures:

• efficiency and effectiveness of operations, both domestic and overseas;

• safeguarding of assets and adequacy of provisions for all liabilities;

• reliability of financial and other management information and adequacy of disclosures;

• compliance with all relevant statutes As on March 31, 2016, the Audit Committee comprises of three Directors, out of which majority are independent Directors. Mr. A. R. Narayanaswamy is the Chairman of the Committee.

The time gap between any two meetings was less than four months. The Committee met four times in the financial year under review on April 20, July 20 and October 19 in 2015 and on January 21, 2016. The details of the Audit Committee are given in Table 3.

The Chief Financial Officer, the representative of the Statutory Auditors (Deloitte Haskins & Sells LLP), Internal Auditors (KPMG) and Head of Management Assurance Cell are invitees to the Audit Committee meetings. The Company Secretary is the Secretary to the Committee.

Mr. A. R. Narayanaswamy is a Chartered Accountant and Chairman of the Audit Committee and all the members of the Audit Committee are well versed with financial management. The quorum for the meeting of the Audit Committee is two members. The Chairman of the Audit Committee attended the 49th Annual General Meeting (AGM) held on June 15, 2015. The Audit Committee functions in accordance with its constitution and charter, framed in compliance with Clause 49 and SEBI (LODR) Regulations 2015.

The Role and functions of the Audit Committee include the following:

• Oversight of the Company’s financial reporting process and the disclosure of its financial information to ensure that the financial statements are correct, sufficient and credible

• Recommending to the Board, the appointment, re-appointment and if required, the replacement or removal of the statutory auditor and the fixation of audit fees

• Approval of payment to statutory auditors for any other services rendered by them

• Reviewing with the management, the annual financial statements before submission to the Board for approval, with particular reference to:

• matters required to be included in the Director’s Responsibility Statement to be included in the Board’s report in terms of section 134 of the Companies Act, 2013

• changes, if any, in accounting policies and practices and reasons for the same

• major accounting entries involving estimates based on the exercise of judgement by management

• significant adjustments made in the financial statements arising out of audit findings, if any

• compliance with listing and other legal requirements relating to financial statements

• approval of related party transactions, and their subsequent modifications, if any

• Scrutiny of inter corporate loans and advances

• qualifications, if any, in the draft statutory auditor report

• Reviewing with the management, the quarterly financial statements before submission to the Board for approval

• Reviewing with the management, performance of statutory and internal auditors, their independence, effectiveness of audit process and adequacy of the internal financial control systems

• Reviewing the adequacy of internal audit plan

• Discussion with internal auditors on any significant findings and follow up thereof

• Reviewing the findings of any internal investigations by the internal auditors into matters where there is suspected fraud or irregularity or a failure of internal 82 control systems of a material nature and reporting the matter to the Board

• Discussion with statutory auditors before the audit commences, about the nature and scope of audit as well as post-audit discussion to ascertain any area of concern

• To look into the reasons for substantial defaults in the payment to the shareholders (in case of non-payment of declared dividends) and creditors, if any

• Reviewing the functioning of the vigil and whistle blower mechanism

• Appointment of the Chief Financial Officer of the Company, as and when required

• Carrying out any other function, as is mentioned in the terms of reference of the Audit Committee

• Valuation of undertaking of the assets of the Company, where ever necessary

The Audit Committee is empowered, pursuant to its terms of reference, to:

• Investigate any activity within its terms of reference and to seek any information it requires from any employee

• Obtain legal or other independent professional advice and to secure the attendance of outsiders with relevant experience and expertise, when considered necessary The Company has systems and procedures in place to ensure that the Audit Committee mandatorily reviews:

• Business overview including results of its operations and financial condition

• All related party transactions

• Management letters and letters of internal control weaknesses issued by the statutory auditors

• Internal audit reports relating to internal control weaknesses and review of processes

• The appointment, removal and terms of remuneration of the Auditors.

All related party transactions are pre-approved by the Audit Committee.

During the year all transaction(s) with related parties were at arm’s length and in the ordinary course of business and there was no significant material transaction with any of the related parties of the Company.

b) Stakeholder Relationship Committee

The Stakeholder Relationship Committee consists of three members. The Committee met twice during the financial year under review on July 20, 2015 and January 21, 2016. Mr. A. R. Narayanaswamy is the Chairman of the Committee.

The primary function of the Committee is to address investor and stakeholders’ complaints pertaining to transfers/transmission of shares, non-receipt of dividend and any other related matters as prescribed under section 178 of the Companies Act, 2013. The minutes of each of the Committee meetings are reviewed by the Board. The attendance details are mentioned in Table 4.

c) Corporate Social Responsibility (CSR) Committee

The Corporate Social Responsibility Committee as on March 31, 2016 consists of four members. The Committee met thrice during the financial year under review on April 20, July 20, in 2015 and on January 21, 2016. Mr. A. R. Narayanaswamy is the Chairman of the Committee, while Ms. Sujata Prasad, Mr. Akhilesh Joshi and Mr. Sunil Duggal are the members.

The primary function of the Committee is to enhance the quality of life and economic well-being of communities around our operations, facilitate collaborative development for improving the quality of life of people at large, monitor implementation of the CSR projects approved by it and recommend changes in CSR Policy of the Company to the Board. During the financial year, the Company has spent Rs. 63.25 Crore on CSR activities.

d) Nomination & Remuneration Committee

The Nomination & Remuneration Committee as on March 31, 2016 consists of three members. The Committee met thrice during the financial year under review on July 20, 2015, September 18, 2015 and January 21, 2016. The primary function of the Committee is to recommend to the Board on appointment or reappointment of Directors, remuneration of Key Managerial Personnel (KMPs), formulate criteria for evaluation of independent Directors, Board diversity, identification and selection of persons who could be appointed as independent Directors etc.

As per the requirement of Companies Act, 2013 and SEBI (LODR) Regulations, 2015, the Nomination and Remuneration Committee has carried out a performance review of the individual Directors and Board as a whole on the following parameters:

• The size and composition (executive, non-executive, independent members and their background in terms of knowledge, skills and experience) of the Board is appropriate

• The Board conducts itself in such a manner that it is seen to be sensitive to the interests of all stakeholders (including minority shareholders) and it has adequate mechanism to communicate with them

• The Board is active in addressing matters of strategic concerns in its review of the Board agenda with the executive management

• The Board makes well-informed high quality decisions on the basis of full information and clear insight into Company’s business

• The Board is effective in establishing a corporate environment that promotes timely and effective disclosure, fiscal accountability, high ethical standards and compliance with applicable laws and regulations

• The Board meets frequently enough and for sufficient duration to enhance its effectiveness

• The Board meeting time is appropriately allocated between management presentation and Board discussion

• The Board has a good understanding of the Company’s key drivers of performance and associated risks, threats and opportunities

• The Board devotes considerable amount of time in developing the business strategy and annual business plan

• The Board has clearly defined the mandates of its various Committees and effectively oversees their functioning

• The Board is effective in formulating and monitoring various financial and non-financial policies and plans

• The Board is effective in developing a corporate governance structure that allows and encourages the Board to fulfill its responsibilities

• The Board pays considerable attention to the quality of financial reporting process and internal financial controls and effectively oversees them

• The Board regularly follows up on its decisions to ensure that action is taken on all its decisions

• The Board gives effective advice and assistance for achieving the Company’s mission and vision.

The Committee expressed its overall satisfaction on the performance of the individual Board member and the Board in totality.

e) Risk Management Committee

The Risk Management Committee as on March 31, 2016 consists of three members. The Committee met once during the financial year under review on March 21, 2016.

Mr. A. R. Narayanaswamy is the Chairman of the Committee while Mr. Sunil Duggal, Mr. Amitabh Gupta, Mr. Vikas Sharma, Mr. L. S. Shekhawat and Mr. Dilip Golani are the members of the Committee. The primary function of the Committee is to review the major risks identified by the Management, along with its mitigation plan, monitoring and reviewing the Company’s risk management plan and to apprise the Board on risk assessment and minimization procedures. Details of the Key risks, its mitigation plan etc is given on page no. 48 to 52 of the annual report.

Shareholders Matters

(i) Dividend

During the year, the Company has paid the following dividend - Interim dividend of 95%, Special Interim of 95% and Golden Jubilee dividend of 1200% ie. total 1390% which converts to Rs. 27.80 per share of face value of Rs. 2 each. Inclusive of the dividend distribution tax, the total amount paid was Rs. 14,138 crore.

(ii) Listing

At present, the equity shares of the Company are listed on Bombay Stock Exchange Limited, Mumbai (BSE), and The National Stock Exchange (NSE). The annual listing fees for FY 2016 to NSE and BSE have been paid.

(v) Dematerialisation of Shares

The shares of the Company are compulsory traded in dematerialised form only. The Company’s shares are available for trading in the depository system of both NSDL and CDSL. As at the financial year-end 4,222,325,749 equity shares forming 99.93% of the share capital of the Company, stand dematerialised.

The Company’s share is actively traded on both the stock exchanges, namely BSE and NSE. Any shareholder desiring to transfer his shares either in physical form or to get the physical shares converted into electronic form may contact the Company Secretary or the RTA for necessary advise and the procedure.

(vi) Outstanding GDRs / ADRs / Warrants/ Options

The Company had not issued any Global Depository Receipts / American Depository Receipts / Warrants / Options.

(vii) Details of Public Funding Obtained in the Last Three Years

No public funding has been obtained in the last three years.

(viii) Communication with Shareholders and others

The Company published its quarterly, half yearly and yearly results in the form as prescribed under Clause 41 of the Listing Agreement / SEBI (LODR) Regulations, 2015 within the prescribed time. The results were sent to stock exchanges where shares are listed and the same were published in The Economic Times and Rajasthan Patrika/Dainik Bhaskar. The financial results and official news releases are also displayed on the website of the Company (www.hzlindia.com). Annual Report containing inter-alia Audited Annual Accounts, Directors Report, Auditors Report and other important and statutory information are circulated to all members and to others entitled thereto. The Business Review, along with CEO and CFO certificate, forms a part of the Annual Report

Annual General Meeting

Date : June 28, 2016

Time : 2.30 pm

Venue : Yashad Bhawan, Udaipur

Financial Calendar

The Company follows the Financial year ie April to March for the accounting purpose.

For the year ending March 31, 2017, financial results will be announced in the month following the end of the quarter.

Book Closure

The dates of book closure are from June 4, 2016 to June 6, 2016 both days inclusive.

(x) Postal Ballot

During the current year, no approval of shareholders was taken through Postal Ballot.

(xi) Registrar and Transfer Agent

M/s. Sharepro Services (India) Pvt Ltd 13AB, Samhita Warehousing Complex, 2nd Floor, Sakinaka Telephone Exchange Lane, Off. Andheri- Kurla Road, Sakinaka, Andheri (East), Mumbai - 400072 Tel. No. : 022-67720331/ 67720300 Fax No. : 022-28591568

Governance & Compliance

1. Code of Conduct

Our values and principles are enshrined in the Business Ethics & Code of Conduct (‘Code’) applies to all executives of the Company. All Board members and all executives annually affirm compliance with the Code. This Code also ensures compliance with the provisions of the SEBI (LODR) Regulations, 2015. All executives were imparted classroom training during the year in addition to 100% of new joinees.

These cover:

• Guidelines on corporate communication

• Securities dealing code (Insider Trading Regulations)

• Whistle Blower Policy

• Gift Policy

• The UK Bribery Act

• Foreign Corrupt Practices Act (USA)

• Fraud

• Human Rights

• Antitrust compliance for restricting anti-competitive practices

• Health, Safety & Environment

• Political contribution

• Sexual Harassment

The Code which also covers whistle blower policy and Vigil Mechanism, is available on the website of the Company, www.hzlindia.com. The annual declaration of its compliance by senior management personnel of the Company is given by the CEO & Whole-time Director, the same is annexed.

We adhere to section 184 of The Companies Act, 2013, which requires that every Director of a Company, who is in any way concerned or interested in a contract or arrangement, is required to disclose the nature of his concern or interest annually at a meeting of the Board of Directors.

2. Internal Control System

On the recommendation of the Audit Committee, the Company had appointed KPMG, Chartered Accountants as the internal auditors of the Company for the year 2015-16. Documents, policies and authorisation guidelines comply with the level of responsibility and standard operating procedures specific to the respective businesses. Observations made in internal audit reports on business processes, systems, procedures and internal controls and implementation status of recommended remedial measures by KPMG - Internal Auditors, are presented quarterly to the Audit Committee of the Board through our Group Management Assurance Services. The Company has a well established internal control system and procedures and the same has been working effectively throughout the year.

3. Risk Management

The Company operates in conditions where economic, environment and social risk are inherent to its businesses. To overcome this and as per requirement of SEBI (LODR) Regulations, 2015, Board has formed a Risk Management Committee to oversee the mitigation plan for the key risks faced by the Company.

The Company has developed a very comprehensive risk management policy under which all key risks and mitigation plans are compiled into a Risk Matrix. The same is reviewed quarterly by senior management and periodically also by the Risk Management Committee of the Board. The Risk Matrix contains the Company’s assessment of impact and probability of each significant risk and mitigation steps taken or planned.

The Company has unit-wise Risk Matrix which are reviewed quarterly by Unit and Location Management. For a detailed discussion, please refer to section on Risk Management Framework.

4. Compliance

Our compliance systems cover a multitude of statutory obligations and ensures adherence to all applicable laws and regulations. During FY 2016, no material and uncontested financial or non-monetary sanctions were imposed upon the Company except as disclosed in the Financial Statements. Some of the key compliance aspects are dealt with below:

(a) Disclosure of Related Party Transactions

There have been no materially significant related party transactions with the Company’s Promoters, Directors, Management or their relatives which have a potential conflict with the interests of the Company. Members may refer to disclosures made in Note No 37 to Financial Statements in compliance of Clause 23 of SEBI (LODR) Regulations 2015 and Accounting Standard 18. All the related party transactions have been done at arm’s length price and in the ordinary course of business with the prior approval of the Audit Committee. As per section 177 and 188 of The Companies Act 2013, RPT policy is also available on the company website www.hzlindia.com

(b) Disclosure of Accounting Treatment in Preparation of Financial Statements

The Company follows the guidelines of Accounting Standards referred to in section 133 of The Companies Act, 2013 read with Rule 7 of The Companies (Accounts) Rules, 2014 together with early adoption of Accounting Standard (AS) 30 ‘Financial instruments: Recognition and Measurement’ and the consequential limited revisions to certain Accounting Standards issued by the Institute of Chartered Accountants of India.

(c) Compliance with Capital Market Regulations

The Company has complied with all the requirements of regulatory authorities and no penalties or strictures were imposed on the Company by stock exchanges or SEBI or any other statutory authority on any matter related to capital market during the last three years. In compliance with SEBI’s regulation on prevention of insider trading, the Company has instituted a comprehensive insider trading code for its management and designated executives, which advises them on procedures to be followed and disclosures to be made, while dealing with shares of the Company and cautioning them of the consequences of violations. No violations have been reported during the year.

(d) CEO and CFO Certification

The CEO and CFO certification of the Financial Statements for FY 2016 is enclosed at the end of this report.

(e) The Company has complied with all mandatory requirements of SEBI (LODR) Regulations 2015 including Discretionary requirements. However the ones not yet adopted are as follows:

Maintenance of Chairman’ Office: Currently Chairman is Non Executive Chairman. Communication of half-yearly results to each household of members: Results are placed on company’s website and published in leading newspapers.

Rs. (f) Additional Shareholder Information

Registered Office Hindustan Zinc Limited Yashad Bhawan Udaipur - 313004 Rajasthan

Plant Locations

Mining Units (all in Rajasthan)

Rampura Agucha Mine : Bhilwara District

Sindesar Khurd Mine : Rajsamand District

Zawar Mines : Udaipur District

Rajpura Dariba Mine : Rajsamand District

Kayad Mine : Ajmer District

Maton Mine : Udaipur District

Smelting Units (all in Rajasthan)

Chanderiya Lead Zinc Smelter : Chittorgarh District

Dariba Smelting Complex : Rajsamand District

Debari Zinc Smelter : Udaipur District

Captive Power Plants (all in Rajasthan)

Chanderiya Lead Zinc Smelter : Chittorgarh District

Dariba Smelting Complex : Rajsamand District

Zawar : Udaipur District

Processing & Refining Units

Haridwar Zinc Plant : Haridwar District, (Uttarakhand)

Pantnagar Metal Plan : Rudrapur District (Uttarakhand)

Discontinued Units

Vizag Zinc Smelter : Visakhapatnam District (Andhra Pradesh)

Tundoo Lead Smelter : Dhanbad District (Jharkhand)

Wind Power Farms

Samana : Jamnagar District (Gujarat)

Gadag : Gadag District (Karnataka)

Gopalpura : Hassan District (Karnataka)

Mokal : Jaisalmer District (Rajasthan)

Osiyan : Jodhpur District (Rajasthan)

Chakala : Nandurbar District (Maharashtra)

Muthiyampatti : Tirpur District (Tamil Nadu)

Address for Correspondence

Mr. R. Pandwal Company Secretary Hindustan Zinc Limited Yashad Bhawan, Udaipur - 313004, Rajasthan