Page 11 - Hindustan Zinc

Vedanta explores refinancing, brand monetisation for timely debt repayments

To ensure enough funds, Vedanta Limited has increased the percentage of royalty from 2 to 3 per cent beginning this year

Promoters of the group can't dispose of Vedanta shares, says lender

Vedanta stake was pledged from 2020 onwards by the group's promoter Anil Agarwal to raise funds

Stocks to Watch today, May 26: Voda Idea, Hind Zinc, RIL, SAIL, Zee, Emami

Stocks to watch on May 26, 2023: BEML, BHEL, Grasim, M&M, ONGC, Shree Renuka Sugars, Sun Pharma and Wockhardt among prominent companies scheduled to announce Q4 results on Friday.

Anil Agarwal's Vedanta pledges nearly all its HZL stake to raise funds

Fresh loan of $850 million raised from JPMorgan Chase, Oaktree

Anil Agarwal's Vedanta pledges almost its entire stake in Hindustan Zinc

Vedanta created a pledge of 3.3% of its total equity or 13.94 crore shares in favour of Axis Trustee Services on May 23

Anil Agarwal's Vedanta in talks with banks to raise at least $500 million

The group has been depending on money from its units to tackle its debt load, especially after it failed to sell some zinc assets to Hindustan Zinc Ltd for $3 billion

Hindustan Zinc bids to buy assets from Vedanta Group for $2.98 billion

Hindustan Zinc proposal to buy certain zinc assets from Vedanta Group for $2.98 billion in cash has lapsed as the Indian miner did not get shareholders' approval within the stipulated time limit

Hindustan Zinc turns into a net debt firm for first time in 20 years

HZL was sitting on cash and equivalents worth Rs 20,665 crore at the end of FY22

'Very, very comfortable': Anil Agrawal on Vedanta being over-leveraged

Elaborating on the debt repayment plans, he said that Vedanta Resources Limited would repay its obligations through a combination of dividend and royalties

Plans to buy Zinc International is not called off: Hindustan Zinc CEO

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

RIL, ICICI Bank: Trading outlook for buzzing stocks of the day

Except for Hindustan Zinc, which hit a new historic peak in the Q4, others have remained laggards.

Stocks to watch: RIL, ICICI Bank, YES Bank, Hindustan Zinc, Sun Pharma

Stocks to watch today: From Reliance Industries to ICICI Bank, here are top stocks to watch in Monday's trading session

Hindustan Zinc Q4 results: Net profit falls 12% to Rs 2,583 crore

Hindustan Zinc Ltd (HZL) on Friday reported an 11.78 per cent fall in its consolidated net profit at Rs 2,583 crore for the fourth quarter of 2022-23 on account of higher expenses. The company clocked Rs 2,928 crore net profit in the January-March period of the preceding 2021-22 fiscal, HZL said in a regulatory filing. Its total income also declined to Rs 8,863 crore from Rs 9,074 crore in the year-ago period. The company's expenses stood at Rs 5,358 crore, higher than Rs 4,717 crore a year ago. "The Board on the recommendation of nomination and remuneration committee and audit & risk management Committee had approved the appointment of Sandeep Modi currently Interim CFO as Chief Financial Officer (KMP) of the Company w.e.f. April 21, 2023," the filing said. Vedanta Group company Hindustan Zinc is the world's second-largest integrated zinc producer and fifth-largest silver producer.

Top headlines: MPC meet, Tim Cook in India & end of free Twitter blue tick

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Vedanta pledges Rs 3.5K crore in Hindustan Zinc to refinance loans

Pledges 2.44% stake worth Rs 3,500 crore

HZL inks pact with Rajasthan Cricket Association for development of stadium

Vedanta's Hindustan Zinc Limited (HZL) on Thursday signed an agreement with the Rajasthan Cricket Association (RCA) for the development of the world's third-largest cricket stadium in Chonp village in Jaipur. HZL will spend Rs 300 crore for the stadium, one of the largest corporate investments in India's sports infrastructure. The stadium would be named as Anil Agarwal International Cricket Stadium, Jaipur, a release said. The agreement was signed by Bhawani Shankar Samota, RCA secretary and Arun Misra, CEO Hindustan Zinc, in the presence of assembly speaker and RCA's chief patron C P Joshi and others. The stadium facilities will be spread across 100 acres and have a seating capacity of over 75,000. Joshi said that the investment would accomplish the long felt dream of construction of a modern international cricket stadium at Jaipur. He thanked the company for the support and the agreement for the first phase of the stadium construction. RCA president Vaibhav Gehlot highlighted

Hindustan Zinc dividend record date today; company's shares in the red

Hindustan Zinc dividend: In FY23 so far, the company has announced a dividend worth Rs 75.5 per share, and out of this, Rs 49.5 per share have already been received by the shareholders

Hindustan Zinc's $1.3 bn dividend plan raises concerns over cash use

The Rajasthan-based miner will pay an interim dividend of 26 rupees per share totaling 109.9 billion rupees, according to an exchange filing Tuesday

Hindustan Zinc surges 5% on announcing liberal interim dividend

Hindustan Zinc has fixed March 29, 2023 as the record date for the purpose of payment of fourth interim dividend worth Rs 26 per share.

Stocks to Watch: Tata Motors, IOC, Hind Zinc, Sonata Software, Bandhan Bank

Stocks to Watch: Tata Motors will increase prices of its commercial vehicles (CV) range by 5 per cent starting April 1, in what would be its fourth such price hike this fiscal year