Best Stocks for Passive Income in India

Hindustan Zinc

Introduction :

Established on January 10, 1966, Hindustan Zinc Limited emerged from the predecessor Metal Corporation of India, marking its inception as a Public Sector Undertaking (PSU). Today, it stands as a cornerstone of India’s mining industry, specializing in the production of zinc, lead, silver, and cadmium, thus contributing significantly to the nation’s resource landscape.

VEDANTA LIMITED

Introduction :

Rooted in Mumbai, Vedanta Limited stands tall as an Indian multinational mining powerhouse, boasting extensive operations primarily in iron ore, gold, and aluminium mines spread across the states of Goa, Karnataka, Rajasthan, and Odisha. Its journey traces back to the visionary D.P. Agarwal, who laid the foundation in the 1980s with Sterlite Industries (India) Limited in Mumbai. From these humble beginnings, Vedanta embarked on a strategic acquisition spree, securing mining concessions across diverse Indian states, shaping its trajectory into the formidable entity it is today.

HCL TECHNOLOGIES

Introduction :

Nestled in Noida, HCL Technologies Limited, operating under the moniker HCL Tech, boasts a rich heritage stemming from its origins as Hindustan Computers Pvt. Limited. Founded by the visionary Shiv Nadar, its journey took a significant turn in 1991 when HCL made its foray into the software services realm, birthing HCL Tech. Today, this Indian multinational IT consulting juggernaut spans its presence across 52 countries, leveraging the expertise of over 225,944 dedicated employees.

GAS AUTHORITY OF INDIA LIMITED (GAIL)

Introduction :

Established under the aegis of the Ministry of Petroleum & Natural Gas (MoP&NG), GAIL (India) Limited, previously known as Gas Authority of India Ltd., represents a cornerstone of India’s energy landscape. Its inception in August 1984 marked the dawn of a pivotal era in the nation’s energy sector. Recognizing its exceptional contributions, the Indian Government bestowed upon GAIL the prestigious Maharatna status on February 1, 2013, joining the ranks of only 11 other esteemed Public Sector Undertakings (PSUs).

STEEL AUTHORITY OF INDIA LIMITED (SAIL)

Introduction :

Based in the heart of New Delhi, Steel Authority of India Limited (SAIL) stands as a beacon of India’s steel industry, under the esteemed ownership of the Ministry of Steel, Government of India. With a staggering annual turnover of ₹105,398 crore (US$13 billion) for the fiscal year 2022-23, SAIL holds the distinction of being the largest government-owned steel producer in the nation. Its roots can be traced back to the genesis of Hindustan Steel Limited (HSL) on January 19, 1954, with a modest mandate to oversee the establishment of a single plant in Rourkela.