Hindustan Zinc will revisit demerger post parent Vedanta’s split into five: CEO
2 months ago

Hindustan Zinc will revisit demerger post parent Vedanta’s split into five: CEO

Live Mint  

Mumbai: Hindustan Zinc will focus on its proposed demerger into two or more units once parent company Vedanta Limited completes its ongoing demerger into five separate entities and the Indian Government, which is its largest minority shareholder, firms up its further stake dilution plans, a top executive said. Record Q3 performance Hindustan Zinc posted a handsome year-on-year growth in its revenue and profit for the third fiscal quarter ending 31 December, buoyed by favourable zinc and silver prices. Zinc was trading at an average price of $3,000 per tonne on the LME during the quarter compared to $2,600 a year ago, as per Sandeep Modi, the chief financial officer of Hindustan Zinc. The record rally in silver prices also helped the company, with every 10% appreciation translating to an additional profit of ₹550 crore, he said.

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History of this topic

Jindal Steel and Power share price declines 13% post Q3 results: Do you own it?
1 month, 4 weeks ago

Jindal Steel and Power share price declines 13% post Q3 results: Do you own it?

Live Mint  

Stock Market Today: Jindal Steel and Power share price declined more than 13% in the morning trades on Friday post Q3 Results that were announced by the company post market hours on Thursday Jindal Steel and Power share price opened at ₹799.85 on the BSE on Friday, almost 5% lower compared to previous close of ₹840.10. The Jindal Steel and …

Vedanta shares: Is this a stock to buy after Q3 metal production update?
2 months, 3 weeks ago

Vedanta shares: Is this a stock to buy after Q3 metal production update?

Live Mint  

Vedanta share: The mining major Vedanta Limited released its October to December production data on Friday, January 3. Vedanta Q3 Update Speaking on Vedanta's Q3 update, Anshul Jain, Head of Research at Lakshmishree Investment and Securities, said, “Vedanta Ltd showcased a mixed bag of performance in its Q3 FY25 operational update, with notable achievements and some challenges across key business …

Zomato shares unexpectedly in the red after Sensex entry
3 months, 1 week ago

Zomato shares unexpectedly in the red after Sensex entry

Hindustan Times  

Zomato Ltd shares saw an unexpected drop after the food delivery giant got included in the Bombay Stock Exchange's Sensex index comprising of the top 30 stocks in the country. Zomato got included on the Sensex on Monday, December 23, 2024, replacing JSW Steel Ltd. Zomato's inclusion comes at a time when the food delivery giant's shares rallied nearly 43% …

Hindustan Zinc records energy savings of over 0.8 million GJ in a year
3 months, 1 week ago

Hindustan Zinc records energy savings of over 0.8 million GJ in a year

Deccan Chronicle  

New Delhi: Hindustan Zinc Limited India’s largest and the world’s second largest integrated zinc producer, announced cumulative energy savings of over 0.8 million Gigajoules in FY 24. Taking forward Hindustan Zinc’s vision of responsible and sustainable manufacturing, the company continues to invest in innovative energy-efficiency projects such as revamping of all the turbines in its captive power plants, improvement of …

Hindustan Zinc emerges preferred bidder for gold mine block, set to expand precious metal portfolio
4 months, 2 weeks ago

Hindustan Zinc emerges preferred bidder for gold mine block, set to expand precious metal portfolio

Live Mint  

Hindustan Zinc announced that it has emerged as the preferred bidder for a gold mine block in Rajasthan that will help it expand its precious metal portfolio. “Securing the Dugocha Gold Block is a testament to our prowess in strategic mineral exploration to tap diverse mineral resources to support the nation's rapid economic growth and emerging needs,” said Arun Misra, …

Hindustan Zinc share price declines 7.5% as OFS for 2.5% stake by government starts today
4 months, 3 weeks ago

Hindustan Zinc share price declines 7.5% as OFS for 2.5% stake by government starts today

Live Mint  

Stock Market Today: Hindustan Zinc share price declined more than 7% in the morning trade on Wednesday, November 6 as the offer for sale of a 2.5% stake by the government kicked off today. Hindustan Zinc share price opened at ₹520.85 on the BSE on Thursday, almost 7% lower than the previous closing price of ₹559.45. Hindustan Zinc share price …

Hindustan Zinc OFS: Govt to sell 2.5% in Vedanta subsidiary to raise over ₹5,000 crore; Check floor price, key dates
4 months, 3 weeks ago

Hindustan Zinc OFS: Govt to sell 2.5% in Vedanta subsidiary to raise over ₹5,000 crore; Check floor price, key dates

Live Mint  

Hindustan Zinc OFS: The government will sell up to 2.5 per cent of its stake in Hindustan Zinc through an offer for sale at a floor price of ₹505 per share. The government will divest 1.25 per cent equity with an additional 1.25 per cent as greenshoe option," said Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey …

Indian Stock Market Makes a Strong Comeback, with Nifty 50 and Sensex Up 0.65%
5 months ago

Indian Stock Market Makes a Strong Comeback, with Nifty 50 and Sensex Up 0.65%

Live Mint  

Indian stock market shows positive signs on Monday, with the Nifty 50 and Sensex indices making a strong comeback. NTPC Green Energy IPO receives final observation from SEBI, while Tata Technologies and Suzlon Energy report positive results. Sun Pharma and LIC Housing Finance also report significant increases in their net profits.

Hindustan Zinc: Riding the Wave of Silver and Zinc Prices
5 months, 1 week ago

Hindustan Zinc: Riding the Wave of Silver and Zinc Prices

Live Mint  

Silver and zinc prices have surged in recent months, with silver reaching a record high of $100,000 per kg. However, the best time to invest in silver at this level is uncertain. Investors should consider companies positioned to benefit from rising silver prices, such as Hindustan Zinc, which is a leading producer of both metals. The stock has recently trended …

Hindustan Zinc reports strong sequential quarterly performance
1 year, 2 months ago

Hindustan Zinc reports strong sequential quarterly performance

New Indian Express  

Metal producer Hindustan Zinc Ltd reported a strong third quarter performance, with a profit after taxes of Rs 2,028 Crores, up 17% quarter-over-quarter. Revenue from operations during the quarter was Rs 7,310 Crore, up 8% q-o-q on account of better zinc & silver volumes, higher zinc prices and favourable exchange rates, partly offset by lower lead prices and volumes. The …

Vedanta plans zinc business shake-up as debt payment looms
1 year, 6 months ago

Vedanta plans zinc business shake-up as debt payment looms

Hindustan Times  

Billionaire Anil Agarwal is exploring an overhaul of his lucrative Indian zinc unit that could split out its three core businesses, as part of the wider Vedanta group’s efforts to reduce a multibillion dollar debt load. Vedanta chairman Anil Agarwal Hindustan Zinc Ltd. said in a statement that it could create separate legal entities for its zinc & lead, silver, …

Hindustan Zinc shares surge on corporate restructuring plan
1 year, 6 months ago

Hindustan Zinc shares surge on corporate restructuring plan

Live Mint  

Hindustan Zinc on Friday said that its board has authorised the Committee of Directors to evaluate appropriate corporate restructuring exercise. The Board of Directors of Hindustan Zinc have decided that considering the scale, nature, and potential opportunities for various business verticals of the company, it should undertake a comprehensive review of its corporate structure for unlocking potential value. The strategic …

Hindustan Zinc to consider interim dividend for FY24; share price rises over 3%
1 year, 8 months ago

Hindustan Zinc to consider interim dividend for FY24; share price rises over 3%

Live Mint  

Shares of Hindustan Zinc rose over 3 per cent in early deals on BSE on Thursday, a day after the Vedanta-owned firm said it will consider interim dividend on shares for the financial year 2023-24 Saturday, July 8, 2023. the meeting of the board of directors of the company will be held on Saturday, July 08, 2023, to consider interim …

Hindustan Zinc Q4 net profit drops 12% to ₹2,583 cr, revenue down by 3%
1 year, 11 months ago

Hindustan Zinc Q4 net profit drops 12% to ₹2,583 cr, revenue down by 3%

Live Mint  

Hindustan Zinc on Friday reported that a decline of 12 per cent in consolidated net profit to ₹2,583 crore for the March 2023 quarter. Integrated lead production for the quarter was at 54 kt, an increase of 10.0 percent y-o-y and 16.9 percent sequentially, on account of better plant availability and consistent MIC flow from mines, the company said. There …

From SBI Cards to Hindustan Zinc 3 stocks turning ex-dividend tomorrow: Do you own any?
2 years ago

From SBI Cards to Hindustan Zinc 3 stocks turning ex-dividend tomorrow: Do you own any?

Live Mint  

Dividends are a portion of the company’s profit that is issued among the eligible shareholders in the form of cash or additional shares of stocks. Here are SBI Cards, Hindustan Zinc and Brand Concepts, the 3 stocks that are going to turn ex-dividend tomorrow 29th March 2023. Commenting on the technical outlook of the stock, Rahul Ghose, Founder & CEO …

Vedanta’s Anil Agarwal said to weigh stake sale as last-resort option
2 years ago

Vedanta’s Anil Agarwal said to weigh stake sale as last-resort option

Live Mint  

Indian tycoon Anil Agarwal is studying options including selling a minority stake in Vedanta Ltd. as he looks to shrink his commodities business empire’s massive debt load, according to people familiar with the matter. Agarwal’s Vedanta Resources Ltd., which owns about 70% of Vedanta, has been in talks with at least three banks for a loan of as much as …

Hindustan Zinc share price jumps 5% after announcement of 1300% dividend
2 years ago

Hindustan Zinc share price jumps 5% after announcement of 1300% dividend

Live Mint  

The stock of Vedanta Group firm Hindustan Zinc Ltd soared 5 per cent to ₹325.2 in Wednesday's trade after HZL's board approved a fourth interim dividend of ₹26 per equity share or 1,300 per cent for FY2022-23 amounting to ₹10,985.83 crore. "The board of directors of the company in its meeting held on March 21, 2023 have approved fourth interim …

Why Vedanta share price is nosediving — explained
2 years, 1 month ago

Why Vedanta share price is nosediving — explained

Live Mint  

Vedanta share price has been nosediving for last four straight sessions. Vedanta share price today opened lower on fourth day in a row and hit intraday low of ₹261.95 apiece on NSE, logging around 13.50 per cent dip in this time. According to stock market experts, Vedanta shares are under sell off pressure due to negative sentiments after the road …

Stocks to Watch: Adani Group, HDFC, Glenmark, Vedanta, IOC, Coal India
2 years, 1 month ago

Stocks to Watch: Adani Group, HDFC, Glenmark, Vedanta, IOC, Coal India

Live Mint  

Here is the list of the top 10 stocks that will be in focus today: Adani Group: Executives of the embattled Adani Group told investors in a call that they will address deadlines to repay debt with options including private placement notes and cash from operations. HDFC: Mortgage lender Housing Development Finance Corp Ltd on Thursday said it has raised …

Vedanta Q3: PAT decline by 42% to ₹3,092 cr , declares dividend of ₹12.5
2 years, 2 months ago

Vedanta Q3: PAT decline by 42% to ₹3,092 cr , declares dividend of ₹12.5

Live Mint  

Vedanta Ltd on Friday reported 42 per cent decline in consolidated net profit to ₹3,092 crore for the December 2022 quarter. I am also happy to share that Vedanta and Hindustan Zinc Limited Boards have taken strategic initiative to consolidate Zinc International under Hindustan Zinc. It will be a win-win transaction, unlocking significant value for both Vedanta Limited and Hindustan …

Vedanta to sell its international zinc business to Hindustan Zinc: Report
2 years, 2 months ago

Vedanta to sell its international zinc business to Hindustan Zinc: Report

Hindustan Times  

Anil Agarwal-promoted Vedanta on Thursday said it will sell Zinc International assets to Hindustan Zinc for a cash consideration of USD 2,981 million. The Vedanta's board approved the sale of Zinc International assets held by THL Zinc Ventures Ltd, a direct wholly-owned subsidiary of the metals and mining major. The assets held THLZV through THL Zinc Ltd comprising shares held …

Vedanta to sell Zinc International assets to Hindustan Zinc for $2.98 bn
2 years, 2 months ago

Vedanta to sell Zinc International assets to Hindustan Zinc for $2.98 bn

Live Mint  

Anil Agarwal led Vedanta Ltd on Thursday informed that the company will sell its Zinc International assets to Hindustan Zinc Limited for cash consideration $2,981 million. The company's board of directors in a meeting held on 19 January approved the sale of its Zinc International assets held by THL Zinc Ventures Ltd, wholly owned subsidiary of Vedanta, through THL Zinc …

Hindustan Zinc chairperson Kiran Agarwal steps down, Priya Agarwal to take over
2 years, 2 months ago

Hindustan Zinc chairperson Kiran Agarwal steps down, Priya Agarwal to take over

Live Mint  

Hindustan Zinc, a subsidiary of Vedanta, on Thursday informed that the company's chairperson and director, Kiran Agarwal has stepped down, with effect from 18 January, 2023. Hindustan Zinc's nomination and remuneration committee has approved the appointment of Priya Agarwal to the position of chairman of the company, with immediate effect. "Accordingly, the Board of Directors in its meeting held on …

Hindustan Zinc declares third interim dividend of ₹5,493 cr, fixes record date
2 years, 2 months ago

Hindustan Zinc declares third interim dividend of ₹5,493 cr, fixes record date

Live Mint  

Mining company, Hindustan Zinc announces a third interim dividend to the tune of whopping ₹5,493 crore on Thursday. As per the regulatory filing, Hindustan Zinc said that the board has approved a third interim dividend of ₹13 per equity share which is 650% of the face value of ₹2 per share for the fiscal year FY23. Hindustan Zinc has fixed …

Hindustan Zinc Q3 net profit at ₹2,156 crore; co declares dividend of ₹13
2 years, 2 months ago

Hindustan Zinc Q3 net profit at ₹2,156 crore; co declares dividend of ₹13

Live Mint  

Hindustan Zinc, a subsidiary of Vedanta, on Thursday reported a consolidated net profit of ₹2,156 crore for the December quarter, which is 20% lower than ₹2,701 crore reported in the year-ago period. “Hindustan Zinc delivered best-ever 9 months refined metal on the back of highest ever mined metal. In FY22, we reached the one million tonne mined metal landmark, and …

Stocks to Watch: TCS, M&M, Tata Power, Vedanta, Dr Reddy’s, Hindustan Zinc
2 years, 8 months ago

Stocks to Watch: TCS, M&M, Tata Power, Vedanta, Dr Reddy’s, Hindustan Zinc

Live Mint  

Here's is the list of top 10 stocks that will be in focus today: Tata Consultancy Service: The IT giant is set to announce its financial performance for the quarter ended June today, flagging off the earnings season for the IT sector. Tata Power: The company announced to invest over ₹75,000 crore in renewables in the next five years. Mahindra …

Centre to sell its entire stake in Hindustan Zinc, claim sources
2 years, 10 months ago

Centre to sell its entire stake in Hindustan Zinc, claim sources

India Today  

The union cabinet has cleared the selling of the government's remaining stake in Hindustan Zinc, according to sources. Currently, the government owns a 29.5 per cent stake in Hindustan Zinc. The Supreme Court had on November 18 last year allowed the Centre to disinvest its residual 29.5 per cent stake in Hindustan Zinc Limited in the open market. HINDUSTAN ZINC …

Hindustan Zinc Disinvestment Case: Supreme Court Commences Hearing
3 years, 5 months ago

Hindustan Zinc Disinvestment Case: Supreme Court Commences Hearing

Live Law  

The Supreme Court on Monday commenced hearing on the plea by National Confederation of Officers' Associations of Central Public Sector Undertakings and one more petitioner in the Hindustan Zinc disinvestment case. Meanwhile, we also learnt by this time that the HPCL disinvestment judgment had come where it was held by the Supreme Court that if an Act of Parliament says …

Covid-19 hits Hindustan Zinc’s Q1 earnings; silver prices may aid revival
4 years, 8 months ago

Covid-19 hits Hindustan Zinc’s Q1 earnings; silver prices may aid revival

Live Mint  

Hindustan Zinc Ltd’s June-quarter performance was weak, reflecting the impact of the lockdowns. With the company’s sizable silver inventories, the firm silver prices augur well. “Silver sales volume in Q1 FY21 was 146 tonnes compared to production of 117 tonnes with a liquidation of inventory built up in Q4 FY20,” Antique Stock Broking Ltd said in a note. With silver …

Sensex up 0.5% led by cement, metal, infra stocks
5 years, 2 months ago

Sensex up 0.5% led by cement, metal, infra stocks

Live Mint  

Indian equity markets on Thursday jumped nearly 0.5% led by cement, metal and infrastructure stocks amid expectation that the government's plan to spend on infrastructure will help revive the economy. Among cement stocks, ACC, Ultratech Cement Ltd, India Cements, Ambuja Cements, and Shree Cement surged 3-5%, Among infrastructure stocks, Larsen & Toubro Ltd, Dilip Buildcon Ltd, KNR Constructions, Ashoka Buildcon, …

Hindustan Zinc dividend payout offsets dull Q2 results
6 years, 5 months ago

Hindustan Zinc dividend payout offsets dull Q2 results

Live Mint  

Hindustan Zinc Ltd has decided to pay out a sizeable dividend of ₹ 20/share in the September quarter. Hindustan Zinc’s dividend translates to a yield of 7% based on Monday’s closing price, and may have held up its shares despite a decline in its earnings in the September quarter. Hindustan Zinc’s sales declined by 10% sequentially but its costs fell …

Vedanta explores merging Cairn, Hindustan Zinc: Anil Agarwal
10 years, 2 months ago

Vedanta explores merging Cairn, Hindustan Zinc: Anil Agarwal

India TV News  

Jaipur: Mining baron Anil Agarwal is mulling merging cash-cows Cairn India and Hindustan Zinc into his flagship Vedanta Group firm to create a global natural resources giant to rival Rio Tinto or BHP Billiton. The consultant will look at if it made sense to "keep oil and gas and energy companies separate or merge Hindustan Zinc, merge Cairn, so that …

Hindustan Zinc posts 33% rise in net profit
10 years, 5 months ago

Hindustan Zinc posts 33% rise in net profit

India TV News  

New Delhi: Hindustan Zinc today reported a 33 per cent rise in profit after tax to Rs. 2,000 crore in Q2 FY'15 as compared to previous year, primarily due to higher LME prices despite lower volumes and the recent increase in royalty rates,” it said. Net sales of the company rose by six per cent during the second quarter of …

Vedanta proposes fresh valutation for Hindustan Zinc, Balco stake
12 years, 6 months ago

Vedanta proposes fresh valutation for Hindustan Zinc, Balco stake

Firstpost  

Vedanta has approached the government suggesting a fair market valuation for Hindustan Zinc Limited and Bharat Aluminium Limited, reports CNBC-TV18. Proposing a fair market valuation for public sector firms Hindustan Zinc Limited andBharat Aluminium Limited, metals-major Vedanta has written to the government seeking higher valuations for both the companies, reports CNBC TV18’s Anshu Sharma. Vedanta proposed fair valuation by independent …

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