Question : DISINVESTMENT OF HINDUSTAN ZINC LTD.



(a) the financial performance of the Hindustan Zinc Ltd. during each of the last three years, till date;

(b) whether the Government proposes to disinvest its remaining stakes in the company;

(c) if so, the details thereof; and

(d) if not, the reasons therefor?

Answer given by the minister


THE MINISTER OF STATE IN THE MINISTRY OF CHEMICAL & FERTILIZER AND THE MINISTRY OF MINES(SHRI B.K.HANDIQUE)

(a): Financial performance of Hindustan Zinc Ltd.(HZL) for the last three years is given below:-

2005-06	2006-07	2007-08
Turnover	3890	8560	7878
(Rs. crore)

Profit (before 2229 6454 5985 tax) (Rs. crore)

Profit 1472 4442 4396 After Tax (Rs. crore)

(b): As on date, there is no decision to disinvest remaining stake of Government of India in the HZL.

(c) & (d): Does not arise in view of (b) above.