Hindustan Zinc

Tamil Nadu vows to block Hindustan Zinc tungsten mining in green zone

Assembly resolution urges Centre to not grant any mining licence without the permission of state governments

HZL wins gold block, marks Vedanta group's entry into yellow metal business

Says it has been declared the "preferred bidder" for the Dugocha Gold Block, as confirmed by the Department of Mines and Geology, Rajasthan, via a notification dated November 15

Govt gets Rs 3,449 cr from Hindustan Zinc offer for sale, sells 1.6% stake

The government has raised Rs 3,449 crore through offer-for-sale (OFS) in Hindustan Zinc Ltd by selling about 1.6 per cent stake. Through the two-day OFS on November 6-7, the government had proposed to sell over 5.28 crore shares, or 1.25 per cent stake, with a greenshoe option to retain additional subscriptions of a similar amount. As per the official data, the government has raised Rs 3,449.18 crore from the OFS. On the first day of the share sale offer on November 6, the institutional investors had placed bids for close to Rs 3,400 crore shares or about 1.58 per cent stake. Retail investors' demand was somewhat muted on November 7. The government, which held a 29.54 per cent stake in HZL before the OFS, is the largest minority shareholder in the Vedanta Group firm. The proceeds from the HZL stake sale helped to increase the disinvestment coffers of the government. In the current fiscal so far, Rs 8,625 crore has been mopped up through minority stake sales by the government. Th

Vedanta, Oil India, Hindustan Zinc emerge top bidders in mineral auctions

The latest awards follow a second-round auction held after the initial round failed to attract sufficient interest, as the government mandates at least three technically qualified bids per block

Hindustan Zinc OFS gets bids worth Rs 3,400 cr from institutional investors

The government's offer-for-sale for more than 4.75 crore Hindustan Zinc Ltd (HZL) shares to institutional investors over-subscribed on Wednesday, with institutional buyers putting bids worth close to Rs 3,400 crore. On the first day of the two-day OFS, bids came in for over 6.69 crore shares, which is 1.41 times the total of 4.75 crore shares on offer for institutional buyers. The issue will open for retail investors on Thursday. "Offer for Sale in Hindustan Zinc Limited (HZL) received enthusiastic response from non-retail investors today. Government has decided to exercise the green shoe option," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on X. The government, which holds a 29.54 per cent stake in HZL, is the largest minority shareholder in the Vedanta Group firm. Through the two-day OFS, the government is selling over 5.28 crore shares, or 1.25 per cent stake, with a greenshoe option to retain additional subscriptions of a simi

Hindustan Zinc share price falls 8% as govt to sell 2.5% stake via OFS

The floor price for the offer for sale is fixed at Rs 505 per share. The two-day OFS opens for institutional bidders today and for retail investors on Thursday

Govt to sell 2.5% in Hindustan Zinc at floor price of Rs 505 per share

The government will sell up to 2.5 per cent stake in Hindustan Zinc at a floor price of Rs 505 per share through an offer for sale (OFS). The stake sale would fetch over Rs 5,000 crore at the floor price. The two-day OFS opens for institutional bidders on Wednesday and for retail investors on Thursday. "Offer for sale in Hindustan Zinc Limited (HZL) opens tomorrow (Wednesday) for non-retail investors. Retail investors can bid on Thursday, 7th November. Government will divest 1.25 per cent equity with an additional 1.25 per cent as greenshoe option," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said in a post on X. The government is selling over 5.28 crore shares, or 1.25 per cent stake, with a greenshoe option to retain additional subscription of similar amount. The floor price is at a discount of 9.7 per cent over Tuesday's closing price of Rs 559.45. Shares of HZL closed at Rs 559.45, up 2.99 per cent over previous close on the BSE.

Hindustan Zinc to invest up to $2 bn to double production capacity: CEO

Vedanta Group firm Hindustan Zinc plans to pump in up to USD 2 billion (around Rs 17,000 crore) to double its production capacity to 2 million tonnes in the next few years, its CEO Arun Misra said. The company which had already engaged consultants to ramp up its capacity is looking for mining partners for the same, Misra told PTI. "We have a plan of doubling the production to 2 million tonnes So, I am sure by the end of this quarter, we should be able to make project announcements, which projects, how much and where it is happening." he explained. The company is targetting a production capacity of 1.2 million tonnes (MT) in 2025, followed by 1.35 MT in 2026 and 1.8 MT in 2027, Misra said. "And then finally, sometime, we should be able to get 2 million tonnes," he explained. When asked about the investment the company plans to make to increase production capacity, he said, "Because most of the mining infrastructure is in place, so, it is anywhere between 2 billion dollars or 1.95

Lower production cost likely to support Hindustan Zinc's margins

The volume of mined metal for Q2FY25 stood at 256 kilo tonnes or kt (up 2 per cent Y-o-Y, down 2 per cent Q-o-Q), due to higher ore production at Zawar mine offset by lower volume at SK Mine

Hindustan Zinc Q2FY25 results: Net profit up 34.6% at Rs 2,327 crore

Management says demerger still under discussion, no timeline

Hindustan Zinc in discussions with govt to split company: CEO Arun Misra

Vedanta group firm Hindustan Zinc Ltd (HZL) on Friday reported 34.5 per cent rise in consolidated net profit at Rs 2,327 crore for the quarter ended September 30, 2024, on the back of higher income. The company had posted net profit of Rs 1,729 crore in the year-ago period. The income of the company in the July-September period rose to Rs 8,522 crore from Rs 7,014 crore in the corresponding quarter of the previous fiscal, HZL said in a filing to BSE. The company earned a revenue of Rs 6,403 crore in the second quarter from the zinc, lead and other segments, and Rs 1,550 crore from silver vertical. The board in its meeting held on Friday approved the investment of Rs 327 crore for minimum 26 per cent equity stake in Serentica Renewable India Private Ltd (SRIPL) or its affiliates. SRIPL was incorporated for the implementation of renewable energy power projects in order to cater to the long-term power requirement of HZL under a power delivery agreement. SRIPL or its affiliates will

Hindustan Zinc plans to transition to renewable energy in 5-7 years

More than 90% of the company's emissions come from thermal energy, Agarwal said. Hindustan Zinc has a captive thermal power capacity of 514 megawatt

Hindustan Zinc Q2 mined metal production rises by 2% to 256,000 tonnes

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.

Govt held several roadshows for stake sale in Hindustan Zinc: Mines secy

The government has conducted several roadshows in the last 15 days in financial capitals like Mumbai, London, Boston and New York to assess the market and meet investors for sale of its stake in Vedanta Group firm Hindustan Zinc Ltd. The government, which owns 29.5 per cent in the company, is the largest minority shareholder in Hindustan Zinc. "The roadshow is about the disinvestment process. So, the government is committed to disinvestment of some of its stake in Hindustan Zinc Ltd and in that to assess the market and meet investors and all that several roadshows have happened in the last fifteen days. "They have happened in Bombay, Singapore, Hongkong, London, Boston, New York. So in all the majors financial capitals the roadshows have happened," Mines Secretary V L Kantha Rao said on the sidelines of a training-cum-workshop on the UNESCO Global Geoparks and Geoparks in India. The government had earlier said that it is committed to offloading its stake in Hindustan Zinc through

HZL supplies zinc to country's heaviest transmission steel pole structure

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.

Dividend, Right Issue: Hindustan Zinc, 12 other stocks turn ex-date today

Dividend, often considered an additional source of income for shareholders, refers to a portion of a company's profit that the company distributes among its shareholders

Hindustan Zinc to organise half-marathon in Udaipur to fight against hunger

Hindustan Zinc Limited is set to organise half-marathon in its fight against hunger in Udaipur on September 29, an official said. He said the marathon's theme 'Run For Zero Hunger' resonates with the philosophy of giving back to society, aligning with the broader goal of combating hunger. "Marathon is about inspiring a healthier India and contributing to the noble fight against hunger. The marathon is a testament to our unwavering commitment to the community and well-being of people," Arun Misra, CEO of Hindustan Zinc Limited, said. With categories including the half marathon (21 kilometres), Cool Run (10 kilometres), and Dream Run (five kilometres), the event will see professional and amateur runners from around the world.

Exchanges impose fines on Hindustan Zinc, others for violating norms

Vedanta group firm Hindustan Zinc Ltd (HZL) on Thursday said BSE and NSE have imposed a fine of Rs 5.37 lakh each on the company for non-compliance with Sebi regulation relating to number of independent directors on board. The company said it is making constant efforts and follow-ups are being made with the mines ministry to meet the compliance requirements. "The company has received a notice issued by BSE and NSE dated August 21, 2024, levying fine for non-compliance with Regulation 17(1) of the SEBI Listing Regulations, w.r.t the Composition of Board of Directors relating to number of independent directors," it said in a filing. Further, the requirement of the woman independent director on the company's board has already been fulfilled, it said. At present, there are three independent directors on the company's board.

Baroda BNP Paribas MF starts dividend yield fund for steady returns

Private equity firm General Atlantic has exited PNB Housing Finance, selling its entire 5.13 per cent stake in the company on Wednesday

Hindustan Zinc dividend sweetens deal for offer for sale investors

Commodity major declares second interim dividend of Rs 19 a day after OFS concluded