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Vedanta group firm Hindustan Zinc Ltd (HZL) on Friday reported a 35.4 per cent drop in consolidated profit to Rs 1,729 crore for the September quarter due to lower income.
The company had posted a consolidated profit of Rs 2,680 crore in the year-ago period, HZL said in a filing to the BSE.
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Consolidated income during the second quarter of the current fiscal declined to Rs 7,014 crore, over Rs 8,703 crore in the year-ago period.
Hindustan Zinc is the country’s largest and the world’s second largest integrated zinc producer.
HZL is a subsidiary of Vedanta Ltd, which owns 64.9 per cent stake in the company while the government has a 29.5 per cent stake.
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