Hindustan Zinc Posts Profit Jump
Hindustan Zinc reported a two fold jump in quarterly profit driven by higher metal prices and lower production costs. The firm also lowered its annual production cost forecast.
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Hindustan Zinc Ltd posted a net profit jump to 64.12 billion rupees ($675.5M) for the quarter ending September 30. The surge was driven by higher metal prices and lower production costs in India. The results reflect tighter global supplies that are reshaping earnings for Vedanta Ltd units.
