Hindustan Zinc Limited
LIC acquired a new position in Hindustan Zinc, buying 12,61,84,849 shares worth ₹6,547.95 crore, representing a 2.99% stake in the company.
A vertically integrated producer of zinc, lead, and silver, the company operates mines and smelting complexes across Rajasthan. It ranks as the world's second-largest integrated zinc producer and the third-largest silver producer globally. The company holds a dominant market share in India's zinc sector and maintains significant operations from its headquarters in Udaipur, serving both domestic and international markets.
India's largest domestic institutional investor with over Rs 56 lakh crore in total AUM, of which roughly Rs 15 lakh crore sits in listed equities. Holds stakes in virtually every major listed Indian company. When LIC builds or exits a position, it moves markets. Government-owned and mandated to invest policyholder funds in Indian equities and bonds, making it the ultimate long-only, long-term India bull.