Latest news with #8thTaxTransparencyReport
Time of India
09-07-2025
- Business
- Time of India
HZL pays taxes, levies of 87,600cr in 5 yrs
Udaipur: Hindustan Zinc Ltd has contributed Rs 18,963 crore to the state and central govt exchequers as per the company's 8th Tax Transparency Report. The contribution represents 56% of the company's revenue from operations. In a statement, the company said this also marks a 44% increase compared to the previous year, bringing Hindustan Zinc's cumulative contribution to the exchequers over the past five years to Rs 87,616 crore. According to the report, contribution to Rajasthan govt increased to Rs 5,145 crore in 2024-25 against Rs 4,349 in the previous year, taking the total contribution in the past five years to Rs 22,969 crore This contribution to the exchequer increased on the back of Hindustan Zinc's record-breaking operational milestones. The company achieved the highest-ever mined and refined metal production at 1,095 KT and 1,052 KT. The company recorded the four-year lowest zinc cost of zinc production came down to the four-year low of $1,052 per tonne. tnn
Time of India
01-07-2025
- Business
- Time of India
Hindustan Zinc contributes nearly ₹90,000 crore to exchequer over five years
Hindustan Zinc has reported a total contribution of ₹18,963 crore to the public exchequer in FY25, according to its 8th Tax Transparency Report released this week. The company's total contribution over the past five financial years now stands at ₹87,616 crore. The company stated that this year's figure represents 56 per cent of its revenue from operations and marks a 44% increase compared to the previous year. Despite volatility in global markets and fluctuations in metal prices, Hindustan Zinc said it remains focused on fiscal compliance and public contribution. The report includes detailed disclosures of various tax and statutory payments made between FY21 and FY25. These include: Government royalties & levies: ₹18,191 crore, comprising payments to the Rajasthan government, the District Mineral Foundation (DMF), and the National Mineral Exploration Trust. Taxes on income: ₹12,393 crore, based on statutory corporate income tax filings. Corporate dividends to the Government of India: ₹21,627 crore. Indirect taxes: ₹27,500 crore, including CGST, SGST, and IGST collected from sales. The company said it contributes an average of ₹3,600 crore annually to the State of Rajasthan. An independent assurance of the report was conducted by a Big 4 audit firm to verify the disclosures, which the company claims reinforces its governance practices. Operational metrics The reported financial contribution coincides with what the company described as key operational achievements in FY25. These include mined metal production of 1,095 KT and refined metal production of 1,052 KT. The company reported a zinc production cost of $1,052 per metric tonne—its lowest in four years. Hindustan Zinc also reported surpassing 13.1 million tonnes in metal reserves (net of 1.2 Mt production), with a maintained mine life of over 25 years. The company said its tax transparency disclosures are part of its broader ESG framework . It has been recognised by the S&P Global Corporate Sustainability Assessment as the top-ranked metals and mining firm globally for the second year running.
