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Vedanta Group firm Hindustan Zinc today surged by 4 per cent in the early trade on BSE today, buoyed by a smart rise in its mined metal and refined zinc production for the quarter ended March 31, 2011.
The company shares jumped by 4 per cent to Rs 149 on BSE. In a similar fashion, the scrip was trading 3.68 per cent up at Rs 149 a piece on National Stock Exchange.
In terms of volume, over 27 lakh shares of the company changed hands on the two bourses within the first two hours of the trade.
The company’s mined metal production increased by 19 per cent at 2.31 lakh tonnes in the fourth quarter and 9 per cent at 8.4 lakh tonnes for the year ended March 31, 2011.
Similarly, its refined zinc production for the last quarter of FY’2011 rose by 29 per cent to 1.94 lakh tonnes. On annual basis, the surge was 23 per cent at 7.12 lakh tonnes of the metal produced in fiscal year 2010—2011.
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