Vedanta Group firm Hindustan Zinc today said it will pay a record interim dividend and corporate dividend tax of Rs 736.62 crore to the Government of India.
"The amount of interim dividend paid to Government of India is Rs 187.19 crore. The total contribution by Hindustan Zinc to the government on account of interim dividend and corporate dividend tax would be Rs 736.62 crore," the company said.
The Anil Agarwal-led firm claims to be the world's largest integrated producer of zinc and lead.
The Board of Directors of the company, in its meeting held on October 19, had declared interim dividend of 75% -- Rs 1.50 per equity share of Rs 2 each for the year 2011-12.
The Government of India holds 29.53% equity shares in the company.
"Our partnership with the government continues to scale new heights. Not only do we run a robust business, but our partnership with the government for running sustainable and development projects ... Touches the lives of over half a million people across Rajasthan," Hindustan Zinc Chairman Agnivesh Agarwal said.
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The company had reported a 41.74% jump in its net profit to 1,344.69 crore for the quarter ended September 30, 2011, on the back of higher prices of zinc, lead and silver in international markets.
It had reported a net profit of Rs 948.72 crore for the same period a year ago.
Net sales of the company stood at Rs 2,593.49 crore, registering a growth of 19.92% during the quarter under review from Rs 2,162.88 crore in the July-September quarter of FY11.
During the quarter, the company's revenues from its refined zinc and lead businesses increased 12.21% to Rs 2,320.31 crore, while its silver business reported a growth of over 120% to Rs 239.39 crore.