November 24, 2017   
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Mumbai, Oct 24  Hindustan Zinc on Monday reported a rise of 34 per cent in its net profit for the second quarter (Q2) of 2017-18.

According to a BSE filing, its net profit during the quarter under review increased to Rs 2,545 crore from Rs 1,902 crore reported for the corresponding period of 2016-17.

The company’s board of directors declared an interim dividend of 100 per cent i.e. Rs 2 per share on equity share of Rs 2 each with a record date fixed for the interim dividend of October 31, 2017.

The company added that as on September 30, 2017, its cash and cash equivalents was Rs 19,979 crore invested in high quality debt instruments.

The company also had Rs 593 crore of residual short term commercial paper out of Rs 7,908 crore raised in March 2017 to meet the special interim dividend fund requirement.