Hindustan Zinc has announced a special one-time interim dividend of 1,375% or Rs 27.50 on an equity share of Rs2, which will cost the company Rs 13,985 crore including dividend distribution tax. The dividends being paid out by the Company are the highest ever paid in a financial year in India. With the dividends paid in October and April of 2016, the total comes to Rs 27,157 crore in FY17.
Hindustan Zinc (HZL) is an India-based company, which is engaged in the mining and smelting of zinc, lead and silver metal in India. The Company's segments are Mining and smelting of zinc, lead and silver, and Wind energy.