Hindustan Zinc Ltd Q1 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : Sir, my first question is, how is it that we have deployed INR 15,500 crores. I'm looking at it from, like, is it more towards our short end of the curve or is it towards the long end of the curve? So if at all we have to monetize it, sir, how do you look at it? So just wanted to understand what sort of deployment is from a maturity perspective?

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : Okay. And sir, when we say, long term, is it like 1 year plus, and that would be, sir, 90% or so. Would that be a fair roundabout number?

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : That's helpful. Sir, my second question was a bit (inaudible) pardon me for my ignorance. But if a company had to raise debt, a certain large quantum, is it something that the Board has to sanction the quantum? Is there any regulatory requirements around this?

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : Yes. So basically, next question was assume if it is quantum that is something which Board has a certain requirement of the sort? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 21, 2020 / 10:30AM, HZNC.NS - Q1 2021 Hindustan Zinc Ltd Earnings Call

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : Okay. We can't basically disclose the sanction quantum over here?

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : Okay. I just move to -- I have a few more questions. Sir, is there any update on sale leases? I think the government was talking about abolishing Section 10 (2)(b) of MMDR Act. This is something which is critical for Hindustan Zinc. Sir, has there been any update over here, positive, negative or work in progress?

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : So this also includes the sale leases, which stood allocated prior to MMDR, that is, I'm referring to the (inaudible).

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : Okay. Sorry, sir, just going up, but my second question -- my fourth question is for Swayam. Sir, that was an ongoing case of COVID and contractor. This was pertaining to the payments in this quarter because of the COVID issue. What is the impact of that on an endpoint cost for this quarter? Or is it something which has been deferred and it can come in Q2? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 21, 2020 / 10:30AM, HZNC.NS - Q1 2021 Hindustan Zinc Ltd Earnings Call

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : Yes. This is regarding the 4 mines which were there and the [deployment] contractor case. The 4 main regions actually where we have a common contractor, which had actually filed a litigation.

Question: Ritesh Shah - Investec Bank plc, Research Division - Analyst : Okay. And sir, lastly, if possible, I think the Supreme Court has been talking about the divestment of government's stake in Hindustan Zinc. If at all the Supreme Court gives a green light, how should a minority investor look at Hindustan Zinc as a listed entity?