Page 8 - Hindustan Zinc

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. "

Hindustan Zinc Q4 results: Net profit drops 21% to Rs 2,038 crore

Revenue from the zinc mining business - the biggest segment - fell 16%, resulting in a 12% drop in overall revenue to Rs 7,285 crore

Vedanta firm Hindustan Zinc becomes 3rd largest silver producer globally

Vedanta group firm Hindustan Zinc on Thursday said it has become the third largest producer of silver globally. As per a survey, its Sindesar Khurd Mine in Rajasthan now stands as the world's second largest silver-producing mine, moving up from last year's fourth spot, the company said in a statement. Silver plays a pivotal role in the global energy transition and Hindustan Zinc's production growth of 5 per cent year-on-year is attributed to increased ore production and enhanced grades, reinforcing its status as a key player in the global silver market, Hindustan Zinc Chairperson Priya Agarwal Hebbar said. Hindustan Zinc, a Vedanta Group company in zinc, lead and silver businesses, is the world's second largest integrated zinc producer and now the third largest silver producer. The company has a market share of 75 per cent of the growing zinc market in India with its headquarters in Udaipur along with zinc, lead mines and smelting complexes spread across Rajasthan.

Hindustan Zinc hits new high in weak market; zooms 49% thus far in April

Silver recorded the highest volume in FY24 in line with management's operational & financial strategy, at 24.0 moz up 5 per cent YoY

Metal shares rally up to 10%; Hindustan Copper, SAIL hit over 12-year highs

The Nifty Metal index hit a new high at 8,984, and was up 2 per cent in Tuesday's intra-day deals. The index has surged 9 per cent in the last one month.

Vedanta's Priya Agarwal Hebbar joins elite WEF 2024 Young Global Leaders

The World Economic Forum has included 90 change-makers in its Young Global Leaders Class, each below 40 years of age and hailing from a diverse range of sectors

Anil Agarwal-led Vedanta Group to raise $300 mn through debt securities

The Indian miner raised funds via non-convertible debentures thrice in fiscal year 2024, the latest being in December last year for 3,400 crore rupees