Page 8 - Hindustan Zinc

Hindustan Zinc clarifies on reports of Rs 6,000 crore special dividend

Hindustan Zinc Limited said it was 'unable to comment' on media speculations of declaring a special dividend amounting to Rs 6,000 crore

Hindustan Zinc Q1 results: Net profit rises 19.4% to Rs 2,345 crore

The company clocked in the highest-ever first-quarter mined and refined metal production

Hindustan Zinc Q1FY25 results: Net profit rises 19% to Rs 2,345 cr

Vedanta group firm Hindustan Zinc Ltd (HZL) on Friday reported 19.3 per cent rise in consolidated net profit at Rs 2,345 crore for June quarter FY25. The company had posted a net profit of Rs 1,964 crore for the year-ago period. Income rose to Rs 8,398 crore from Rs 7,564 crore in the year-ago period, HZL said in a filing to BSE. Hindustan Zinc is the world's second-largest integrated zinc producer and the third-largest silver producer. The company supplies to more than 40 countries and holds a market share of about 75 per cent of the primary zinc market in India.

Hindustan Zinc to explore avenues of zinc applications in batteries: Hebbar

Vedanta group firm Hindustan Zinc Ltd (HZL) on Monday said it is committed to being future-ready and will explore new avenues of zinc applications in batteries. The company will explore avenues of zinc applications in batteries alongside its focus on volume enhancement, reduction in cost of production and creating value for stakeholders, Hindustan Zinc Chairperson Priya Agarwal Hebbar said in a statement. Hindustan Zinc Ltd in its efforts to support the ongoing global energy transition and thrust on emerging clean tech, will explore new avenues of zinc applications in batteries, the statement added. "With the world undergoing an energy transition, developing climate-friendly technologies will be highly mineral intensive, and the metals and mining sector will have a big role to play to support this transition. "At Hindustan Zinc, we are committed to being future-ready and augmenting the supply of critical minerals, for India and for the world," she said. According to Hindustan Zinc

HZL market cap up nearly 477 times to Rs 2.8 trn, says Chairperson Hebbar

Vedanta group firm Hindustan Zinc Ltd (HZL) on Monday said its market capitalisation grew by nearly 477 times to reach about Rs 2.8 lakh crore from Rs 600 crore two decades ago. Speaking during the 58th Annual General Meeting on Monday, the company's Chairperson Priya Agarwal Hebbar said Hindustan Zinc's market capitalisation at about Rs 2.8 lakh crore is the highest among all metal and mining peers in the country. "This marks a growth of nearly 477 times in market capitalisation from a mere Rs 600 crore two decades ago," she said. In FY24, she said, the company achieved significant improvements in its operational efficiencies and saw a remarkable reduction in the cost of production. "We advanced into the first decile of the cost curve and recorded the lowest annual production cost in the past three years at USD 1,117 per tonne," she said. Hindustan Zinc is the world's second-largest integrated zinc producer and the third-largest silver producer. The company supplies its products

Hindustan Zinc launches Asia's first low-carbon zinc brand, EcoZen

The automotive industry is a significant consumer of zinc, primarily for galvanisation to protect steel from corrosion

Vedanta's Hindustan Zinc contributes Rs 13,195 cr to exchequer in FY24

Vedanta group firm Hindustan Zinc Ltd (HZL) on Monday said it has contributed Rs 13,195 crore to the exchequer in the last financial year, representing about 46 per cent of its total revenues. In FY 2023-24, Hindustan Zinc's total contribution to the exchequer stood at Rs 13,195 crores, the Vedanta group firm said in a regulatory filing. With this, HZL's cumulative contribution to the exchequer over the past five years stood at Rs 77,803 crore. "As our businesses grow, so will these numbers. At Hindustan Zinc, we are committed to continuing to do business with a purpose in a manner that is sustainable, transparent and creates value for all our stakeholders," Hindustan Zinc Chairperson Priya Agarwal Hebbar said. Over the past five years, that company has consistently contributed an average of approximately Rs 3,250 crore per year to Rajasthan in the form of royalties, contributions to the District Mineral Foundation (DMF), and other levies. "This substantial contribution underlines

Hindustan Zinc releases report on nature-related risks, climate change

Vedanta group firm Hindustan Zinc Ltd on Monday said it has released a report that helps in identifying nature-related risks and assists the company in creating sustainable strategies to tackle climate change. The Taskforce on Nature-related Financial Disclosures (TNFD) report outlines nature-related dependencies, impacts, risks and opportunities and allows for an assessment of the company's direct operations and upstream critical supply chain on nature, it said. It helps in identifying nature-related risks and assists the company in creating sustainable strategies, which is based on the dual approach of mitigating and adapting towards climate change, Hindustan Zinc said in a statement. "The launch of the country's first TNFD report underscores our commitment to responsible nature conservation. We are actively pursuing decarbonization and environment conservation efforts, as evidenced by our nature protection initiatives. By integrating sustainability into every aspect of our ...

Hindustan Zinc committed to partner with India's auto firms, says CEO

Vedanta group firm Hindustan Zinc on Wednesday said it is committed to partner with the country's auto companies to "unlock zinc potential" and drive India's mobility. Zinc's usage in the automotive sector, through galvanised steel, offers significant fuel and emission savings by providing high degree of corrosion resistance to lightweight steel bodies, ensuring durable, long-lasting vehicles with longer anti-perforation warranty against corrosion. "Our zinc solutions are not only cost-effective and adaptable for complex designs but also environmentally responsible, making zinc a key material for a cleaner and more sustainable tomorrow," Hindustan Zinc CEO Arun Misra was quoted as saying in a statement. The company -- the country's largest and the world's second-largest zinc producer -- recently showcased its extensive product offerings for the automotive sector at the fourth Automotive Component Manufacturers' Association (ACMA) Raw Material Conclave & Exhibition. The company ...

Hindustan Zinc, AEsir Tech tie up for developing next-gen zinc batteries

Hindustan Zinc Ltd on Friday said it has partnered with US-based AEsir Technologies, Inc for development of next-generation zinc batteries. The company has signed a memorandum of understanding (MoU) with AEsir Technologies, Inc., a company that specialises in next-generation zinc battery technologies, to be the preferred supplier of zinc, a key raw material, Hindustan Zinc Ltd (HZL) said in a statement. The MoU is in line with the company's efforts towards exploring emerging applications of zinc in the clean energy transition, it said, adding that zinc batteries are revolutionising energy storage due to their corrosion resistance, cost-effectiveness, recyclability, stability and environmental friendliness. "This partnership with AEsir Technologies is yet another step in our ongoing developmental work in the emerging clean technology space. "By providing high-quality zinc for cutting-edge energy storage, we are opening sophisticated new avenues for environmentally friendly solutions

This metal stock has zoomed 175% in 8 weeks; m-cap crosses Rs 3 trillion

Hindustan Zinc share price: Stock hits a new of Rs 807, surging 9 per cent in the intraday trade

India on mission to become leading producer of critical minerals: Agarwal

India is on a mission to become the world's leading and the most sustainable producer of critical minerals, Vedanta group firm Hindustan Zinc's Chairperson Priya Agarwal Hebbar has said. Critical minerals, such as cobalt, copper, lithium, nickel and rare earths, play a crucial role in the production of clean energy technologies, from wind turbines to electric cars. Critical minerals are particularly in demand for the production of batteries for electric cars. Speaking at Bank of America Securities Global Metals, Mining and Steel Conference 2024 in Miami recently, Hebbar said the mining and metals sector will play a crucial role in helping the world meet the net-zero goals. "We take our role as champions of India's natural resources very seriously and we are well positioned to capitalize on this economic growth," Hebbar, who is also Vedanta Director, was quoted as saying in a statement on Saturday. The mining and metals sector holds the key to unlock the future. The transition to .

Hindustan Zinc, JK Cement, others qualify as bidders for gold mines in Raj

Vedanta group firm Hindustan Zinc, Jindal Power and JK Cement are among the few companies that have emerged as technically qualified bidders for two gold mines put up for sale in Rajasthan. Ramgad Minerals and Mining Ltd, Hirakund Natural Resources Ltd, Jindal Power, Hindustan Zinc and Saiyyed Owais Ali have emerged as technically qualified bidders for Bhukia-Jagpura gold block in the desert state. In the case of Kankriya Gara gold block, the technically qualified bidders are Hirakund Natural Resources, Poddar Diamond, Owais Metal and Minerals Processing, Hindustan Zinc and JK Cement, according to the website of Department of Mines and Geology (DMG) of the Rajasthan government. The auction process started in March this year. According to the website, the auction of both the gold blocks will be held this week. The full-scale production of the country's first large private gold mine in Andhra Pradesh will begin by the end of 2024, Deccan Gold Mines Managing Director Hanuma Prasad ha

This Vedanta Group stock has zoomed 69% since April; m-cap tops Rs 2 trn

At 10:38 am; Hindustan Zinc was trading 7 per cent higher at Rs 488.70 with m-cap of Rs 2.07 trillion, the BSE data shows.

Anil Agarwal's Hindustan Zinc to pay $506 mn dividend to ease debt burden

Agarwal is also planning to split the group into six listed companies by March 2025 to unlock value

Govt to take decision on Hindustan Zinc OFS after testing mkt: Mines secy

The government is committed to offloading its stake in Vedanta group firm Hindustan Zinc through offer for sale (OFS) and will take the decision on this after testing the market, mines secretary V L Kantha Rao said on Monday. The government, the largest minority shareholder in Hindustan Zinc, owns a 29.54 per cent stake in the company. "We are committed to OFS," Rao said on the sidelines of an event here. The statement comes after the mines ministry rejected Hindustan Zinc Ltd's demerger plan. "Demerger, anyways, we have not agreed," the mines secretary said. When asked to comment on when the offer for sale company is expected, Rao said, "There is no point doing OFS when the market is not ready. Let me test the marketdo the roadshow and then we will decide." The Supreme Court in 2021 allowed the government to disinvest its residual stake in Hindustan Zinc in the open market. Earlier, Hindustan Zinc had said that it will continue to engage with the Centre on its proposal to split

As silver price rally, Hindustan Zinc's plans entry into value-adds

Hindustan Zinc appoints Hugo Schumann as head of silver division to intensify focus on the white metal

Strong demand, demerger hopes positive for Hindustan Zinc's stock

For FY25, the management expects mined metal production of 1,100-1,125 kt and refined metal production of 1,075-1,100 kt

Hindustan Zinc Q4FY24 results: Net profit dips 21% to Rs 2,038 crore

On HZL's earlier proposed move to demerge its businesses into separate entities, the company's management said hinges on the government deciding to go ahead with its offer for sale

Hindustan Zinc to continue to discuss demerger proposal with govt: CEO

Vedanta group company Hindustan Zinc will continue to engage with the Centre on its proposal to split the company into different entities, a top official said. The statement comes amid the mines ministry rejecting Hindustan Zinc Ltd's demerger plan. Speaking with PTI, Hindustan Zinc CEO Arun Misra said that the matter had also come up for discussion in the board meeting on Friday. "I again explained (the board) the situation and I promised that I would continue to engage with the government and try to explain our logic and why we want to do it," he said. The government, the largest minority shareholder in Hindustan Zinc, owns a 29.54 per cent stake in the company. Misra further said that "they (government) are in the process of disinvestment through various routes and they feel that at this time doing demerger will jeopardise that opportunity of disinvestment." The company, he said, is still in talks with the mines ministry on the proposal and is trying to address some issues. "