Page 7 - Hindustan Zinc

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

Hindustan Zinc shares jump 4% on dividend announcement of 950% for FY25

Hindustan Zinc has announced that its board declared a dividend of Rs 19 per equity share, or 950 per cent on the face value of Rs 2 per equity share, for FY25

Vedanta estimated to have raised Rs 3,200 cr from OFS of subsidiary HZL

Mining conglomerate Vedanta Ltd is estimated to have raised around Rs 3,200 crore from the offer for sale (OFS) of subsidiary Hindustan Zinc Ltd. The offer for sale (OFS) of Vedanta group firm Hindustan Zinc Ltd received a strong response from retail and institutional investors, sources said. Vedanta is estimated to have received around Rs 3,200 crore from the OFS, they said. Vedanta will utilise the proceeds generated from the OFS for deleveraging its balance sheet and investment in its growth projects. This, coupled with the Rs 8,500 crore qualified institutional placement, will help bring down debt at the company as well as at the group level. Base issue size for retail investors was 51.44 lakh shares while total retail subscription is 93.82 lakh shares, or 1.8 times of the base issue size. For institutional investors, the base issue was 4.62 crore shares while total institutional subscription is 6.36 crore, or 1.4 times, sources said, adding that the total shares sold through

Hindustan Zinc plummets 6% as promoter Vedanta plans further stake sale

The stock price dipped after the company's promoter, Vedanta decided to further offload a 0.29 per cent stake in the company through its ongoing offer for sale (OFS)

Commodity major Hindustan Zinc offer for sale gets bids for Rs 3,150 crore

Promoter less than half of what Vedanta was eyeing

Hindustan Zinc slips 8% after Vedanta begins partial stake sale via OFS

Hindustan Zinc OFS: Vedanta will offload 3.2 per cent stake in HZL at a floor price of Rs 486 per share. This is at a 15-per cent discount to HZK's last closing price

Hindustan Zinc plans special dividend payout of Rs 8,000 cr to shareholders

Vedanta group firm Hindustan Zinc Ltd (HZL) plans to dole out a special dividend payout of Rs 8,000 crore to its shareholders in the current fiscal, according to sources. HZL's board is likely to meet on Tuesday to consider and approve the special dividend payment for this fiscal, they said. "Of this, around 30 per cent or Rs 2,400 crore may go to the Centre contributing to its non-tax revenues for the fiscal," sources in the know of the development said. The move follows the National Company Law Tribunal's (NCLT) approval to transfer Rs 10,383 crore of general reserves to its retained earnings. This special dividend will be over and above the regular dividend of around Rs 6,000 crore, which HZL doles out every year. Apart from the government, this will also benefit promoter Vedanta Ltd, which holds around 65 per cent stake in HZL, and will receive around Rs 5,100 crore, which it may use to further de-leverage its balance sheet. Vedanta will also be selling up to a 3.31 per cent

Hindustan Zinc OFS base price set at Rs 486; 15.2% below firm's last close

Share sale by Vedanta to fetch Rs 6,500 cr

Vedanta raises OFS size of Hindustan Zinc, set to offload 3.31% stake

Mining conglomerate Vedanta on Wednesday said it has raised the offer-for-sale size of Hindustan Zinc and will now offload 3.31 per cent stake in the company, representing up to 14 crore shares. On Tuesday, the Vedanta board approved the sale of up to 11 crore shares or 2.60 per cent stake in Hindustan Zinc through offer-for-sale (OFS). "The duly authorised Committee of Directors of Vedanta Ltd , at its meeting held on August 14, 2024, has approved the sale of up to 14,00,00,000 equity shares of Hindustan Zinc Ltd (HZL), representing 3.31 per cent of the issued and paid-up equity share capital of HZL, by way of an offer-for-sale," Vedanta said in a filing to BSE. At Wednesday's closing price of Rs 572.95 apiece on BSE, the sale of HZL's 14 crore shares will fetch Vedanta Rs 8,021 crore. At 11 crore shares, the amount would have been Rs 6,302 crore. At the end of the June quarter, Vedanta owned 64.92 per cent stake in HZL while the government had 29.54 per cent. Vedanta plans to .

Metal shares fall on adverse SC ruling; Tata Steel, Vedanta drop up to 6%

The Supreme Court ruled in favor of the State governments' authority to levy taxes on mineral rights.

Hindustan Zinc dips 4% as Vedanta board okays 2.6% stake sale via OFS

Meanwhile, Hindustan Zinc has dismissed rumours of Rs 6,000 crore worth special dividend.

Vedanta board okays 2.6% OFS worth Rs 6,450 crore in Hindustan Zinc

Company to offload stake through the stock exchange route