Hindustan Zinc has informed that it has got the license for gold mining block in Rajasthan through auction. With the winning of this block, Vedanta Group has entered the yellow metal business. The company said that it has been declared the preferred bidder for the Dugocha gold block, which has been confirmed by the Department of Mines and Geology, Rajasthan through a notification dated November 15.

The release said that this is an important milestone in Hindustan Zinc's growth journey, which strengthens its position as a leading player in the precious metal sector.

What the company said Hindustan Zinc Limited Chief Executive Officer Arun Mishra said, "Acquiring the Dugocha Gold Block is a testament to our capability in strategic mineral exploration." The company said that this win is in line with Hindustan Zinc's long-term strategy to secure high quality assets with strong mining potential. On Thursday, the company's stock closed at Rs 495.90 with a gain of 2.10 percent. In the last one year, the company's stock has seen a growth of 62.96 percent.