Published On: Wed, Mar 22nd, 2017

Hindustan Zinc announces Special Dividend of Rs. 13,985 Crore

Mumbai: In its meeting held today to consider a second interim dividend, the Board of Directors has declared a special one-time interim dividend of 1375% i.e. Rs. 27.50 on every equity share of Rs. 2, entailing an outflow of Rs. 13,985 Crore including dividend distribution tax (DDT). The record date for the dividend will be March 30, 2017.

Together with the Golden Jubilee dividend paid in April 2016 and the interim dividend paid in October 2016, the aggregate dividend being paid by Hindustan Zinc during this financial year will be Rs. 27,157 Crore including DDT, which is the largest dividend outflow by any company in India in a single financial year. Of this, Rs. 11,259 Crore will go to the Government.

Agnivesh Agarwal, Chairman, said, “We are pleased to reward our shareholders with a special dividend, which reflects the Company’s confidence in its continued robust performance and demonstrates our commitment towards delivering value for our shareholders. Since disinvestment by the Government in 2002, the cumulative dividends paid by the Company, including the current special dividend, is Rs. 37,517 Crore including dividend distribution tax.”


  1. Highest Dividend By Hindustan Zinc Ltd. (HZL):
Company Government

Holding (%)

Total to GOI

(Incl. DDT)

HZL 29.54% 11,258
Coal India 79.78% 11,640
ONGC 68.93% 3,435
Indian Oil 58.57% 2,575
BPCL 54.93% 2,100
NHPC 85.96% 2,001
NTPC 69.96% 1,944
HPCL 51.11% 1,625
NMDC 75% 1,251
GAIL 56.64% 830
Oil India 67.64% 670
NALCO 74.58% 514
PWGR 57.90% 409


  1. Rs. 34,268 Cr paid to GoI since disinvestment:

(a)         Dividend (including DDT) –          Rs 15,419 Cr

(b)         Corporate tax –                              Rs 18,848 Cr

Total –                                                Rs 34,268 Cr


  1. GoI residual stake in HZL is currently valued at Rs. 38,500 Cr.

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