User
Notification
Business Standard

Don’t miss the latest developments in business and finance.

Zinc

The funding will enable Zinc to drive product innovation and expand its offerings

Updated On: 29 Oct 2024 | 5:29 PM IST
Bs_logoZinc raises $25.5 million in seed funding from Nexus Venture Partners

Spark Private Wealth Management (PWM) on Thursday said its assets under management (including advisory) has crossed the Rs 25,000 crore mark

Updated On: 24 Oct 2024 | 11:38 PM IST
Bs_logoNippon India AMC Q2 profit surges 47% to Rs 360 cr; Zinc hits 20-month high

Vedanta group firm Hindustan Zinc on Wednesday said its mined metal production in the second quarter of this fiscal year rose by two per cent to 2,56,000 tonnes. The company's mined metal output was 2,52,000 tonnes in the year-ago period, Hindustan Zinc said in a regulatory filing. The refined metal production in the second quarter rose to 2,62,000 tonnes, over 2,41,000 tonnes in the year-ago period. The refined zinc production at 1,98,000 tonnes was up seven per cent as compared to 2QFY24. Refined lead production at 63,000 tonnes was up 12 per cent as compared to the second quarter of FY'24. The saleable silver production at 5.9 moz (million ounces), was up two per cent year-on-year. The wind power generation for 2QFY25 was 129 MU, down 18 per cent year-on-year, in line with wind velocity and seasonality impact. Hindustan Zinc Ltd is the world's second-largest integrated zinc producer and the third-largest silver producer.

Updated On: 02 Oct 2024 | 9:12 PM IST
Bs_logoHindustan Zinc Q2 mined metal production rises by 2% to 256,000 tonnes

India's zinc consumption is estimated to increase to over 2 million tonnes in the next 10 years from the current 1.1 million tonnes, International Zinc Association (IZA) said on Thursday. Speaking on the sidelines of Zinc College, 2024 event here, Andrew Green, Executive Director of IZA, said: "The zinc consumption and demand in India is 1.1 million tonnes (MT), which is higher than the current production in India. ...this is likely to go over 2 MT in the next 10 years. That's the forecast." Zinc College is organised every two years by the International Zinc Association in partnership with a member company. Hindustan Zinc Ltd is the partner of Zinc College 2024. He further said that the global zinc market is around 13.5 million tonnes per annum in terms of primary production. And one of the big differences is that if one looks at the per capita use of zinc, on the global average it's about four to five times higher than what's happening in India. So there are a number of areas wher

Updated On: 19 Sep 2024 | 11:22 AM IST
Bs_logoIndia's zinc consumption to rise to over 2 mn tonnes in next 10 years

Vedanta group firm Hindustan Zinc Ltd (HZL) on Tuesday said it has supplied zinc for the country's heaviest transmission steel pole structure weighing over 200 metric tonnes. The company said that its top-quality zinc has been used in the galvanization process for the transmission steel pole structure. The 400 kV (kilovolts) dual pole structure standing approximately 57 meters tall, underwent galvanisation process utilising a mix of Hindustan Zinc's low-dross jumbo special high grade zinc and special high grade (SHG) zinc ingots. The structure, designed and manufactured by Skipper Ltd, is part of the 400 kV Quad Moose DC Transmission Lines Project under the proposed Pinnapuram Integrated Renewable Energy with Storage Project in Andhra Pradesh, Hindustan Zinc said in a statement.

Updated On: 10 Sep 2024 | 6:10 PM IST
Bs_logoHZL supplies zinc to country's heaviest transmission steel pole structure

Vedanta group firm Hindustan Zinc Ltd (HZL) on Monday said it is committed to being future-ready and will explore new avenues of zinc applications in batteries. The company will explore avenues of zinc applications in batteries alongside its focus on volume enhancement, reduction in cost of production and creating value for stakeholders, Hindustan Zinc Chairperson Priya Agarwal Hebbar said in a statement. Hindustan Zinc Ltd in its efforts to support the ongoing global energy transition and thrust on emerging clean tech, will explore new avenues of zinc applications in batteries, the statement added. "With the world undergoing an energy transition, developing climate-friendly technologies will be highly mineral intensive, and the metals and mining sector will have a big role to play to support this transition. "At Hindustan Zinc, we are committed to being future-ready and augmenting the supply of critical minerals, for India and for the world," she said. According to Hindustan Zinc

Updated On: 29 Jul 2024 | 7:20 PM IST
Bs_logoHindustan Zinc to explore avenues of zinc applications in batteries: Hebbar

Vedanta group firm Hindustan Zinc Ltd (HZL) on Monday said its market capitalisation grew by nearly 477 times to reach about Rs 2.8 lakh crore from Rs 600 crore two decades ago. Speaking during the 58th Annual General Meeting on Monday, the company's Chairperson Priya Agarwal Hebbar said Hindustan Zinc's market capitalisation at about Rs 2.8 lakh crore is the highest among all metal and mining peers in the country. "This marks a growth of nearly 477 times in market capitalisation from a mere Rs 600 crore two decades ago," she said. In FY24, she said, the company achieved significant improvements in its operational efficiencies and saw a remarkable reduction in the cost of production. "We advanced into the first decile of the cost curve and recorded the lowest annual production cost in the past three years at USD 1,117 per tonne," she said. Hindustan Zinc is the world's second-largest integrated zinc producer and the third-largest silver producer. The company supplies its products

Updated On: 29 Jul 2024 | 5:55 PM IST

Mining giant Vedanta Ltd on Wednesday reported a rise in production of aluminium, zinc, iron ore and steel in the June quarter. However, the production of mined metal at overseas and oil and gas dropped during the quarter. In a filing to the BSE, the company said the aluminium output grew 3 per cent to 5,96,000 tonnes in the first quarter over the year-ago period, Vedanta said in a filing to BSE. At Zinc India, the saleable metal output grew to 2,62,000 tonnes over 2,60,000 tones. While at Zinc International the mined metal output dropped to 38,000 tonnes, over 68,000 tonnes in the first quarter of FY24. Meanwhile, oil and gas output dropped 17 per cent to 112,400 average daily gross operated production (boepd) during the quarter from 134,900 boepd a year earlier. The production of saleable iron ore rose to 1.3 million tonnes over 1.2 million tonnes in the year-ago period. The total saleable steel production rose 10 per cent to 3,56,000 tonnes and power sales rose 13 per cent to

Updated On: 04 Jul 2024 | 6:46 AM IST

Hindustan Zinc Ltd on Friday said it has partnered with US-based AEsir Technologies, Inc for development of next-generation zinc batteries. The company has signed a memorandum of understanding (MoU) with AEsir Technologies, Inc., a company that specialises in next-generation zinc battery technologies, to be the preferred supplier of zinc, a key raw material, Hindustan Zinc Ltd (HZL) said in a statement. The MoU is in line with the company's efforts towards exploring emerging applications of zinc in the clean energy transition, it said, adding that zinc batteries are revolutionising energy storage due to their corrosion resistance, cost-effectiveness, recyclability, stability and environmental friendliness. "This partnership with AEsir Technologies is yet another step in our ongoing developmental work in the emerging clean technology space. "By providing high-quality zinc for cutting-edge energy storage, we are opening sophisticated new avenues for environmentally friendly solutions

Updated On: 21 Jun 2024 | 2:47 PM IST

The demand of zinc is expected to double in India in the next five to 10 years on the back of huge investments in infrastructure sector, including steel, International Zinc Association said on Sunday. The demand for zinc in India depends largely on the growth of the steel market as zinc is mainly used to galvanise steel to protect it from corrosion. "I see a doubling of the demand (for zinc) in the next five to 10 years. The market for primary and refined zinc in India is currently close to 800 to 1,000 tonnes (per annum) and has a great opportunity to increase with all the developments that we are witnessing in India. We see huge investments in additional steel capacity and ...steel still needs to be protected by galvanized coatings. We see a lot of plans and investments going on for new galvanizing lines. So I expect a strong role for zinc in India," International Zinc Association Global Director Martin Van Leeuwen told PTI in an interaction. The current demand for zinc in India

Updated On: 19 May 2024 | 4:38 PM IST

Zinc content of crops increases crop yields and improves the quality of products

Updated On: 10 Apr 2024 | 8:19 PM IST

Earlier this year, Hindustan Zinc said it could create separate legal entities for its zinc and lead, silver, and recycling businesses to help capitalise on 'distinct market positions'

Updated On: 23 Oct 2023 | 12:03 PM IST

Hindustan Zinc Ltd will ramp up production of zinc - that is used in batteries to medicines - to 1.5 million tonnes, chairperson Priya Agarwal Hebbar said on Thursday as she looked to make India's largest zinc producer as one of the best firms in the world. Speaking at the company's annual shareholders meeting, she said when the economic history of 21st-century India is written, the turnaround story of Hindustan Zinc will have a chapter of its own. Incorporated as a public sector firm in 1996, the Atal Bihari Vajpayee-led NDA government in August 2002 sold a controlling stake in the firm to Vedanta group firm Sterlite Industries for around Rs 769 crore. Hindustan Zinc is today the second largest zinc-lead miner in the world after Swiss firm Glencore and the fourth largest zinc-lead smelter globally. It has now also broken into the top 10 list of silver producers in the world. The profitability has grown manyfold and so has its production capacity of zinc, lead and silver - from 0.2

Updated On: 24 Aug 2023 | 4:18 PM IST

Mining mogul Anil Agarwal is pushing ahead with an aggressive plan to raise oil and gas production, expand output of metals like zinc and aluminum, and foray into semiconductor manufacturing, undeterred by concerns about debt levels at the company. Raised in Patna, Agarwal, who dropped out of school at 15, started his business in Mumbai in 1976 as a scrap-metal dealer. Now he runs a mining and metals empire that spans Britain, India, Africa and Australia. In an interview with PTI, he said mining can help India prosper as tapping into below-the-ground natural resources will not just cut dependence on imports but also create jobs and increase prosperity. Vedanta, the company he founded and is chairman of, has ambitious plans to raise production across the business -- from oil and gas to zinc and aluminum. "We will be producing in two years time 300,000 barrels of oil (and oil equivalent gas) and in 4-5 years' time 500,000 barrels," he said. In the fiscal year that ended March 31, 20

Updated On: 30 Apr 2023 | 11:43 PM IST

Hindustan Zinc CEO Arun Mishra has said that the plans to buy overseas asset from the company's parent firm Vedanta Ltd has not been called off yet. The Chief Executive officer (CEO) made the remarks during an earnings call. When asked about Zinc International's acquisition and whether the plan is still under works, Mishra replied "Unless we the board passes a resolution withdrawing this, till that time, it is not called off." Zinc International acquisition was a great idea, he said, adding the company's board has also approved the proposal. "...we are working on it, and we still believe that this is something that we must do for the sake of Hindustan Zinc. So, we will see where it ends," the CEO said. The government, which owns about 29.54 per cent stake in HZL, has opposed the company's plan to buy overseas asset of its parent firm Vedanta Ltd. The government has opposed Vedanta Ltd's proposal to sell its international zinc business to HZL for USD 2.98 billion over concerns of

Updated On: 24 Apr 2023 | 8:58 PM IST

On January 19, the board of HZL approved the acquisition of zinc assets of THL Zinc Ventures, a subsidiary of Vedanta Ltd

Updated On: 27 Feb 2023 | 9:25 AM IST

In a setback to billionaire Anil Agarwal's mining group, the government has opposed Vedanta Ltd's proposal to sell its international zinc business to Hindustan Zinc Ltd for USD 2.98 billion over concerns of valuation. The government has threatened to take legal action to stop the sale of the Africa-based assets to HZL, in which it holds a 29.54 per cent stake. In a letter to HZL, posted by the company to stock exchanges, the Ministry of Mines said the deal is a "related party transaction" and the government would "like to reiterate'' its dissent. HZL in January agreed to buy THL Zinc Ltd Mauritius from its parent, Vedanta Ltd, for USD 2.98 billion in phases over 18 months. Vedanta holds a 64.92 per cent equity share of Hindustan Zinc ltd (HZL), which is an integrated producer of zinc, lead and silver. HZL in a separate filing said it would place the ministry's letter before the board and that a meeting of the shareholders to approve the deal was yet to be called. The Rajasthan-ba

Updated On: 20 Feb 2023 | 10:31 PM IST

Directors nominated by the government at Hindustan Zinc had dissented to the proposed deal announced on Jan. 19, the letter showed

Updated On: 20 Feb 2023 | 10:59 AM IST

Company working on decarbonising operations; to set up fertiliser plant in the next two years, says CEO

Updated On: 26 Dec 2022 | 7:24 AM IST

The Vedanta group firm Hindustan Zinc (HZL), which is the world's second-largest manufacturer of the metal, is planning to invest over USD 1 billion (around Rs 8,270 crore) to convert its diesel-fired mining vehicles into battery-operated ones and also to fully turn a green energy user, over the next five years. The Udaipur-based company, which is also the sole manufacturer of silver and the largest maker of zinc and lead in the country, is already running four of its 900 mining vehicles on battery on a pilot basis. The company with an annual production of 1 million tonne zinc, up from 1 lakh tonne when it was privatized by the government in 2002, also expects stable demand in the March quarter despite the growing fears of a global recession, its chief executive Arun Misra told PTI over the weekend. The government still owns 29 per cent in the cash-rich HZL and has three board members as well. On this, Misra said he recently met the government officials in New Delhi and the full ...

Updated On: 20 Dec 2022 | 12:56 AM IST