Hindustan Zinc Limited (HZL), a leading integrated producer of zinc and silver, is poised to distribute a special dividend of INR 6 billion ($73.1 million) to its shareholders. This announcement follows a significant increase in the company's market capitalization, which soared by nearly INR 160 billion ($1.95 billion) this year. The dividend decision is expected in the upcoming board meeting within two weeks. Last month, the Jaipur bench of the National Company Law Tribunal (NCLT) approved the transfer of INR 10.383 billion from general reserves to retained earnings, setting the stage for this substantial payout. Vedanta Limited, holding a 64.92% stake in Hindustan Zinc, stands to receive approximately INR 3.895 billion ($47.5 million) from the special dividend. The Indian government, owning a 29.54% stake, is expected to gain around INR 1.772 billion ($21.6 million). For the fiscal year ending March 2024, Hindustan Zinc reported robust financials with a 12% increase in year-on-year revenue to INR 81.3 billion ($992 million), and significant growth in EBITDA and profit after tax. The company also generated INR 34.32 billion ($419 million) in free cash flow from operations, underlining its strong performance and financial health. This move follows a record dividend payout in the previous fiscal year and continues to highlight Hindustan Zinc's commitment to rewarding its shareholders amid growing operational success.