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
Mined metal production rises to 315 KT and refined metal to 282 KT in Q4; silver drops marginally to 176 tonnes, while FY26 sees highest-ever annual zinc output of 851 KT
Power Mech Projects has secured an order worth ₹109.22 crore from Hindustan Zinc for operation and maintenance services
At 9:40 AM, individually, among others on the National Stock Exchange (NSE), National Aluminium Company (Nalco) jumped 6.11 per cent, followed by Hindalco up 4.3 per cent, Vedanta rose 3.66 per cent
Sachin Gupta, research analyst at Choice Broking recommends accumulating Hindustan Zinc, Coal India and EID Parry on dips for a potential upside bounce as per technical charts.
Vedanta group firm Hindustan Zinc Ltd on Monday said it has partnered with Tata Steel to expand the use of its low-carbon zinc solution, EcoZen, in steel manufacturing. The partnership highlights both firms' resolve to weave climate priorities into their core operations and sourcing strategies. "Hindustan Zinc... has strengthened its longstanding association with Tata Steel to expand the integration of EcoZen, its lowcarbon zinc solution into sustainable steel manufacturing," Hindustan Zinc said in a filing to the BSE. EcoZen is produced using renewable energy and has a verified carbon footprint of less than one tonne of CO equivalent per tonne of zinc -- about 75 per cent lower than the global industry average. By significantly reducing emissions at the raw material stage, EcoZen enables downstream industries to lower value-chain emissions and advance their decarbonisation goals. "Our partnership with Tata Steel is a significant milestone in scaling up the adoption of low-carbon
The selling pressure was further exacerbated by a decline in silver prices. On the MCX, silver May futures slipped below the psychological mark of ₹200,000 per kg to ₹199,643 on Monday
The Nifty Metal index, which tracks 15 companies from the metals and mining sector, plunged 4.71 per cent to hit an intraday low of 10,874 on the NSE
The manufacturing facility will be set up at Zinc Park in Rajasthan and will produce zinc alloys used in sectors such as automotive, infrastructure, die-casting and consumer goods
Metal shares declined on Wednesday, following weakness in global markets and a broad-based risk-off sentiment triggered by escalating geopolitical tensions in West Asia
Vedanta group firm Hindustan Zinc Ltd (HZL) on Monday signed a pact with Tripura Group to operationalise a manufacturing unit at its flagship zinc park in Rajasthan. The development marks a key milestone in HZL's ambitious plan to develop the country's first integrated downstream industrial hub focused on zinc-based value chains. Under the memorandum of understanding, Hindustan Zinc will provide assured raw material linkage to Tripura Group's proposed unit at the Zinc Industrial Park, supported by a committed long-term offtake arrangement. "Our partnership with Tripura Group demonstrates how targeted collaboration can unlock downstream value and accelerate Make-in-India manufacturing. The assured supply arrangements, coupled with performance-linked incentives and renewable energy commitments, will provide investors with the confidence to scale. "We are determined to build an ecosystem that supports MSME growth, creates local jobs, and drives technological improvements across the zi
Individually, Hindalco and Nalco shares fell as aluminium prices peaked, which does not bode well for Indian aluminium companies, as it may impact their earnings, according to InCred Equities
Shares of Hindustan Zinc rose on Monday as the company developed, in collaboration with the JNCASR, stable and reliable zinc-ion battery pouch cell prototypes for large-scale renewable energy storage
Despite the recent correction, in the past six months, the market price of Hindustan Zinc has zoomed 141%, and Vedanta 48%, as compared to 3.4% rise in the BSE Sensex.
Drumil Vithalani, technical analyst at Bonanza decodes trading strategy in Nifty Metal, as the index slumps over 9 per cent in two trading sessions.
Metal stocks slide: Share price of Hindustan Zinc, NALCO, Vedanta and Hindalco Industries were down 8% to 14% on the NSE in intra-day trade on Sunday, Budget day.
Metal stocks today: Hindustan Copper, NALCO, Vedanta, Hindustan Zinc, Hindalco Industries and NMDC were down in the range of 6 per cent to 11 per cent on the NSE in Friday's intra-day trade.
Vedanta's market cap hit ₹2.97 trillion in intra-day trade on Thursday; the stock has skyrocketed by 72 per cent in the last six months.
Vedanta's offer for sale in Hindustan Zinc sees 1.3 times demand over base issue, with strong institutional interest helping ease overhang on the stock
In a year, Vedanta shares have gained 63.8 per cent, and Hindustan Zinc has rallied 65.8 per cent. In comparison, BSE Sensex rose 7.8 per cent