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
Hindustan Zinc Limited ( (IN:HINDZINC) ) has provided an announcement.
Hindustan Zinc Limited has received an order from the Office of the Commissioner, Central Goods & Service Tax in Udaipur, imposing a penalty of Rs. 73,46,112 along with a tax demand and applicable interest. This action pertains to the reversal of CENVAT credit on cement used as input in mines between July 2016 and June 2017. Despite the penalty, Hindustan Zinc plans to appeal the decision, believing the case has merit and expecting no material financial impact on the company.
More about Hindustan Zinc Limited
Hindustan Zinc Limited operates in the mining industry, primarily focusing on the production of zinc, lead, and silver. The company is a significant player in the Indian market, catering to various sectors with its metal products.
Average Trading Volume: 241,465
Technical Sentiment Signal: Strong Buy
Current Market Cap: 2077.4B INR
Learn more about HINDZINC stock on TipRanks’ Stock Analysis page.