Page 14 - Hindustan Zinc

Hindustan Zinc beats estimates, Q1 net profit up 56% at Rs 3,092 crore

Revenue from operations increased to Rs 9,236 crore in Q1 versus Rs 6,378 crore last year

Hindustan Zinc net profit rises 56% in Q1 to Rs 3,092 cr; revenue jumps 45%

Hindustan Zinc Ltd (HZL) on Thursday reported a 55.9 per cent rise in consolidated net profit at Rs 3,092 in the June quarter, mainly on the back of higher metal prices. The company had posted consolidated net profit of Rs 1,983 crore in the first quarter of the previous fiscal, it said in a filing to BSE. The consolidated revenue from operations in the April-June preriod increased by 44.8 per cent to Rs 9,236 crore, over Rs 6,378 crore in the year-ago period, the filing said. "Net profit for the quarter was at Rs 3,092 crore, up 55.9 per cent Y-o-Y and 5.6 per cent sequentially," the company said in a statement. HZL's board has given the approval for forming a wholly-owned arm to set up a five lakh tonnes per annum fertiliser plant. "Hindustan Zinc delivered best first-quarter production for mined metal, refined metal and silver. With the exit run-rate for both mined and refined metal crossing over one million tonnes, we are fully geared to deliver another stellar performance th

Sensex rises 284 pts, Nifty tops 16,600; IndusInd jumps 8%, Bajaj Fin 3%

CLOSING BELL: Among sectors, the Nifty PSB index rose 1.56 per cent, while the Nifty Pharma slipped 0.4 per cent

Vedanta to pay out Rs 7,250 cr on second interim dividend at Rs 19.5/share

So far, the company's dividend payout in FY23 stands at Rs 18,960 crore, ahead of FY22 total dividend of Rs 16,740 crore

Top 20 dividend-paying firms raise shareholder rewards in FY22: Experts

Vedanta, for instance, is majority-owned by Vedanta Resources, led by billionaire Anil Agarwal

Hindustan Zinc gets nod to set up 30 KTPA plant to produce zinc alloys

The move will make way for the production of value-added zinc alloy products and enable the company to deliver international quality products in the domestic market

Stocks to watch: Mindtree, Tata Elxsi, Infosys, ACC, L&T Infotech, Raymond

Stocks to watch today: Tata Elxsi, L&T Infotech will report their June quarter results 2022 on Thursday July 14; Mindtree posted 37.3 per cent rise in net profit to Rs 471.6 crore for Q1FY23.

Hindustan Zinc to pay Rs 21 per share dividend, outflow at Rs 8,873 cr

July 21 set as record date for payout; stock up 1.44% on BSE

Centre seeks bids from i-bankers to assist stake sale in Hindustan Zinc

The Centre plans to sell its residual stake in the company promoted by Vedanta in open market in tranches, the proposal said

Vedanta pledges 5.77% stake in Hindustan Zinc for Rs 8,000-cr term loan

The Cabinet Committee on Economic Affairs had last month approved the sale of the government's remaining stake of 29.5% in Hindustan Zinc

Vedanta pledges 86% Hindustan Zinc stake in Q4 as govt preps to sell stake

Value of pledged shares put at Rs 73,102 crore; 22.8 per cent was pledged in December quarter.

Govt approves sale of entire remaining stake in Hindustan Zinc

The government may sell its shares in tranches through offer for sale (OFS), and the sale will be structured by DIPAM, an official said

Top headlines: Govt approves stake sale in HZL; IndiGo Q4 loss widens

Business Standard brings you the top headlines on Wednesday

CBI registers FIR into 26% Hindustan Zinc stake sale in 2002: Centre to SC

The bench directed the Solicitor General to file an updated status report in the case and posted the matter for further hearing post-summer vacation

Hindustan Zinc dips 6% post March quarter results

Brokerage firm Motilal Oswal Financial Services believes Hindustan Zinc to reach peak mine output after management guides flat production growth in FY23.

Hindustan Zinc Q4 profit rises by 18% to Rs 2,928 cr

The company had posted a consolidated net profit of Rs 2,481 crore in the year-ago period, Hindustan Zinc Ltd said in a filing to BSE

Hindustan Zinc to invest Rs 350 crore to develop 200 MW renewable capacity

Mining firm Hindustan Zinc Limited (HZL) on Thursday said it will invest Rs 350 crore to develop up to 200 megawatt (MW) renewable energy capacity through a special purpose vehicle.

Commodity boom! Hind Copper, NTPC, NMDC to see up to 30% rally

With Nickel, Gold and wheat also hitting multi-year highs like Crude Oil, these five commodity related shares are likely to witness strong gains, indicate charts.

NGT imposes Rs 25 crore fine to Hindustan Zinc Ltd in Rajasthan

The National Green Tribunal has imposed a fine of Rs 25 crore to Hindustan Zinc Ltd, in connection with environmental violations covering nearly an area about 1,200 hectares of mining land.

Hindustan Zinc Q3 consolidated net profit rises 23% to Rs 2,701 cr

Vedanta group firm Hindustan Zinc Ltd on Friday reported a 22.7 per cent jump in consolidated net profit to Rs 2,701 crore for the quarter ended December 31, 2021. The company has reported a consolidated net profit of Rs 2,200 crore in the year-ago period, Hindustan Zinc Ltd said in a filing to the BSE. Its consolidated income during October-December 2021 period increased to Rs 8,269 crore, compared with Rs 6,483 crore a year ago, the filing said. "We delivered the best-ever 9M (nine months) mined metal production and historic-high quarterly refined metal production. "At the current run rate, we are confident to deliver on the one million mark this year. Hindustan Zinc is also geared to invest in world-class technologies and equipment to produce value-added zinc alloy products and provide matching international quality in the domestic market," the company's CEO Arun Misra said. The company's ESG (environmental, social and governance) journey is progressing well, he added. "We sta