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Vedanta group firm Hindustan Zinc Ltd (HZL) on Friday reported over two-fold jump in consolidated net profit to Rs 5,469 crore for the quarter ended June 30, 2026 on the back of higher metal prices, and increased metal production. The company had posted a net profit of Rs 2,234 crore in the corresponding quarter of the previous fiscal. "During the quarter, net profit stood at Rs 5,469 crore, up 145 per cent Y-o-Y," HZL said in a regulatory filing. The revenue of HZL rose by 71.6 per cent to Rs 13,033 crore during the first quarter over Rs 7,591 crore in the year-ago period. The revenue from operations rose "driven by higher metal prices, increased metal production, lead concentrate sale, higher by-product realisation, and a stronger dollar," HZL said. The board also appointed former SAIL Chairman and Managing Director Amarendu Prakash as the Chief Executive Officer and Whole-time Director of Hindustan Zinc with effect from August 1, 2026. The company further said that Amit Gupta
India's push for self-reliance in critical minerals is reshaping governance priorities for mining and metals companies, with industry experts calling for communication to become an integral part of board-level decision-making. With the government prioritising supply security for minerals such as lithium, nickel and rare earths to support electric vehicle, clean-energy ambitions and changing geopolitical situations, companies are facing a governance shift that goes beyond capital, technology and regulatory clearances. They said successful project execution will increasingly depend not only on capital, technology and regulatory approvals but also on stakeholder confidence and the ability to sustain a social licence to operate. Sunil Duggal, former Group CEO, Vedanta Group and Former CEO, Hindustan Zinc, and current CEO, Bhumi Ventures, said the role of boards has expanded significantly as mining projects become more stakeholder-driven. "The role of boards has changed fundamentally. .
Vedanta group firm Hindustan Zinc Chairperson Priya Agarwal Hebbar on Monday said technology will be crucial to the company's next phase of growth, with increased investments in automation, artificial intelligence, advanced analytics, and intelligent mining systems to improve productivity, precision, and safety. "Our ambition is to become a future-ready energy transition company, building strength across multiple metals and critical minerals that support India's industrial growth and strengthen global supply chains," she said while addressing shareholders at the company's 60th Annual General Meeting (AGM). The company is positioning itself for the next phase of the global energy transition by expanding beyond zinc and foraying into critical minerals, downstream manufacturing and technology-led mining, according to the Chairperson. Hebbar said that shifting geopolitics, artificial intelligence, evolving global supply chains and the energy transition are fundamentally reshaping the ..
At least 25 companies, including JSW Group, Vedanta, Hindustan Zinc Ltd (HZL) and NLC India, participated in a pre-bid conference for the Rs 7,280-crore scheme to promote the manufacturing of sintered rare earth permanent magnet called by the heavy industries ministry on Tuesday, sources said. The government will select a maximum of five entities through the bidding, with each entity setting up facilities of up to 1,200 MTPA, aggregating to a total of up to a maximum capacity of 6,000 MTPA. "We welcome the Ministry of Heavy Industries' forward-looking scheme to promote rare earth permanent magnet manufacturing, a crucial component for industries like EV, aerospace, defence, and consumer electronics. We are assessing the opportunity as this initiative aligns with our focus on critical minerals and presents a horizontal expansion opportunity," a Vedanta Spokesperson told PTI. On March 20, the heavy industries ministry invited bids for setting up manufacturing facilities for 6,000 metr