Divestment of shares of silver and zinc companies separately may be easier than divestment of HZL: Arun Misra
Arun Misra, CEO, Hindustan Zinc, says “if the market cap goes up, only the government starts to gain during the disinvestment process. We also believe that divestment of shares of silver company and zinc company separately will be easier than divestment of Hindustan Zinc shares as two different sets of buyers or investors will be attracted to buying these two different kinds of company shares. So I expect a positive nod from Government of India nominee directors by the next board meeting. And then we will take some time to implement.”
It has been a pretty strong set of earnings, revenue growth of 8%. Margins as well have expanded nearly 200 basis points. Let us talk about the demand scenario. On ground, both domestically as well as international, are we seeing this gradual recovery play out?
Arun Misra: Demand in India has been good and there is no dearth of demand.
To give you an example, earlier, we used to be selling about 40,000 to 45,000 tons a month. Now we are able to sell about 50,000 tons a month. Demand is good.
And of course, global demand that way has not been that good. The European economy has not recovered. As for the Chinese economy, we thought that after the Chinese government's announcement of infrastructure push, things will turn but it has not turned that way.
Only the US economy is doing well.
India, of course, is moving ahead amongst all the developing countries. So we are very much focused on India.
