Vedanta Group firm Hindustan Zinc today said its contribution to the exchequer is likely to go up by 27.3% to over Rs 2,400 crore in current fiscal over the last fiscal.
During the last fiscal, the company had contributed Rs 1,888 crore to the state coffer through various taxes.
"There has been a steep rise in the income tax and dividend tax since last fiscal, from Rs 860 crore in FY10 to Rs 1,122 by FY11 (estimated), a clear increase of 31%.
Rajasthan would also be getting a higher royalty of Rs 687 crore in FY11 (estimated) as compared to Rs 587 crore in FY10," the company said in a release issued here.
"In terms of excise and custom duty, the contribution of Hindustan Zinc would also rise to Rs 383 crore (estimated) from Rs 280 crore in the last financial year. There would be also increase in the sales tax and other taxes contribution from Rs 161 crore to Rs 212 crore this financial year (estimated)," it added.
Hindustan Zinc, acquired by Anil Agarwal-led Sterlite Industries in 2002, has seen a five-fold increase in metal production to around 1 million tonne now.
The mine production capacity has also more than doubled from 3.45 million tonne per annum to 8.1 million tonne per annum, the release said.
