India's top zinc producer, Hindustan Zinc Ltd, has informed that the company has slashed prices of zinc and lead. The price of zinc has been reduced by 1.7% to Rs 105,500 (US$2,640) per metric ton.

The price of lead was cut 3.6% to Rs 126,500 per ton. The revised prices are effective from today.

Hindustan Zinc, Ltd. operates as a mining and smelting company in India. Its products comprise zinc; lead; and other by-products, including sulphuric acid, silver, and cadmium. The company was formed in 1966 and is based in Udaipur, India.

Hindustan Zinc Ltd. operates as a subsidiary of Sterlite Industries India Ltd.

Shares of the company declined Rs 23, or 4%, to trade at Rs 510. The total volume of shares traded was 74,974 at the BSE. (Friday)