Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest announcement is out from Hindustan Zinc Limited ( (IN:HINDZINC) ).
Hindustan Zinc Limited has been issued a penalty by the Central Goods and Services Tax Division-Rudrapur, amounting to Rs. 45,98,335, along with a tax demand and applicable interest. This action pertains to the company’s input tax credit claims for the fiscal years 2018-19 and 2019-20. Despite the penalty, Hindustan Zinc plans to appeal the order, anticipating a favorable outcome and does not foresee any material financial impact on its operations.
More about Hindustan Zinc Limited
Hindustan Zinc Limited operates in the mining industry, primarily focusing on the production of zinc, lead, and silver. It is a significant player in the Indian market, catering to both domestic and international demands for these metals.
Average Trading Volume: 387,006
Technical Sentiment Signal: Strong Buy
Current Market Cap: 2371.9B INR
For a thorough assessment of HINDZINC stock, go to TipRanks’ Stock Analysis page.