•New CEO Takes Charge Against the Backdrop of Record Quarterly Performance
The Eastern Voice Correspondent
Patna/New Delhi. Hindustan Zinc Limited is welcoming its new CEO and Whole-time Director Amarendu Prakash—appointed by the Board of Directors effective August 1, 2026—at a time when the company has achieved its best-ever first-quarter performance for the 2026-27 financial year.
Amarendu Prakash previously served as the Chairman of SAIL, a position he recently resigned from. In the first quarter, the company generated its highest-ever quarterly revenue from operations, amounting to ₹13,747 crore—a 77% increase compared to the same period last year. During this period, it recorded its highest-ever EBITDA of ₹8,074 crore, marking a 109% growth. The company’s net profit reached a record level of ₹5,469 crore, up 145% year-on-year.
For the fifth consecutive year, Hindustan Zinc recorded its highest mined metal production of 268 kilo-tonnes in the first quarter. The cost of zinc production dropped to US $851 per tonne, a 16% reduction compared to the same quarter last year. The company reported a robust free cash flow of ₹5,253 crore (pre-growth capex). Additionally, a first interim dividend of ₹11 per share was declared, amounting to a total payout of ₹4,648 crore.
According to the company, the share of renewable energy in total power consumption has risen to 22%. Furthermore, it has secured a mining lease for rare earth elements and yttrium blocks in Gundlupet, Karnataka. During the quarter, the company contributed approximately ₹6,450 crore to the government exchequer, including royalties. The company also announced that Amit Gupta assumed the role of Chief Financial Officer of Hindustan Zinc Limited effective June 1, 2026. The company has made a strong start to the current financial year, driven by new leadership and record financial performance.
