niftify.in

The Economic Times

Govt remains opposed to Hindustan Zinc spin-off plans, source says

The Indian government, Hindustan Zinc's largest shareholder, opposes the miner's proposal to split into separate units. Despite the company's presentation, a government source confirmed their stance remains unchanged.

Business Line

Hindustan Zinc eyes expansion into zinc-based batteries

Vedanta-promoted will take a call by year-end

The Economic Times

Hindustan Zinc's all-women mine rescue team to represent India at international competition

Hindustan Zinc Limited's all-women mine rescue team will represent India at the XIII International Mine Rescue Competition in Colombia. This marks a historic milestone as the first Indian all-women team to compete globally, showcasing their exceptional skills in various rescue drills and tests. The event highlights the company's commitment to gender diversity and parity.

Business Standard

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.

The Economic Times

Vedanta supplied zinc to India's heaviest transmission steel pole structure

Hindustan Zinc Ltd has supplied zinc for India's heaviest transmission steel pole structure, weighing over 200 metric tonnes. The 400 kV dual pole structure, standing approximately 57 meters tall, is part of the Pinnapuram Integrated Renewable Energy with Storage Project in Andhra Pradesh. The galvanization process used Hindustan Zinc's high-grade zinc ingots.

CNBC TV18

Hindustan Zinc fined Rs 10.74 lakh for non-compliance with SEBI independent director norms

In a filing, HZL acknowledged receiving notices from BSE and NSE, dated August 21, 2024, indicating penalties for violating Regulation 17(1) of the SEBI Listing Regulations concerning board composition. The company stated that it is actively engaging with the Ministry of Mines to address and fulfil the compliance requirements.

CNBC TV18

Hindustan Zinc fined Rs 10.74 lakh for non-compliance with SEBI independent director norms

In a filing, HZL acknowledged receiving notices from BSE and NSE, dated August 21, 2024, indicating penalties for violating Regulation 17(1) of the SEBI Listing Regulations concerning board composition. The company stated that it is actively engaging with the Ministry of Mines to address and fulfil the compliance requirements.

CNBC TV18

Hindustan Zinc fined Rs 10.74 lakh for non-compliance with SEBI independent director norms

In a filing, HZL acknowledged receiving notices from BSE and NSE, dated August 21, 2024, indicating penalties for violating Regulation 17(1) of the SEBI Listing Regulations concerning board composition. The company stated that it is actively engaging with the Ministry of Mines to address and fulfil the compliance requirements.

CNBC TV18

Hindustan Zinc fined Rs 10.74 lakh for non-compliance with SEBI independent director norms

In a filing, HZL acknowledged receiving notices from BSE and NSE, dated August 21, 2024, indicating penalties for violating Regulation 17(1) of the SEBI Listing Regulations concerning board composition. The company stated that it is actively engaging with the Ministry of Mines to address and fulfil the compliance requirements.

CNBC TV18

Hindustan Zinc fined Rs 10.74 lakh for non-compliance with SEBI independent director norms

In a filing, HZL acknowledged receiving notices from BSE and NSE, dated August 21, 2024, indicating penalties for violating Regulation 17(1) of the SEBI Listing Regulations concerning board composition. The company stated that it is actively engaging with the Ministry of Mines to address and fulfil the compliance requirements.

CNBC TV18

Hindustan Zinc fined Rs 10.74 lakh for non-compliance with SEBI independent director norms

In a filing, HZL acknowledged receiving notices from BSE and NSE, dated August 21, 2024, indicating penalties for violating Regulation 17(1) of the SEBI Listing Regulations concerning board composition. The company stated that it is actively engaging with the Ministry of Mines to address and fulfil the compliance requirements.

Business Standard

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.

Business Standard

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.

Business Standard

Hindustan Zinc dividend sweetens deal for offer for sale investors

Commodity major declares second interim dividend of Rs 19 a day after OFS concluded

Business Standard

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

The Economic Times

Stake sale in Hindustan Zinc to boost funds with Vedanta for debt repayment, capex

Vedanta Ltd's board approved selling a 3.31% stake in Hindustan Zinc Ltd, worth over Rs 8,000 crore, will enhance funds for debt repayment and capital spending. The sale reduces Vedanta’s stake in HZL to 61.61%. This move is credit positive for Vedanta Resources Ltd's creditors but will lower future dividends from HZL.

The Economic Times

Vedanta to sell 3.31% stake in Hindustan Zinc

Vedanta announced it will offload up to 3.31% stake in Hindustan Zinc, totaling 140 million shares, at a floor price of ₹486 per share. The offer-for-sale will be conducted on Friday and Monday. Proceeds will be used for growth and optimizing the capital structure, according to the exchange filing.

Business Standard

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

Mint

Hindustan Zinc announces date, floor price for offer for sale; check details here

The floor price for the Hindustan Zinc offer for sale is set at a 16 per cent discount to Wednesday's closing price of ₹576.

Business Standard

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 .

The Economic Times

Hindustan Zinc announces OFS from Aug 16-19, sets floor price at Rs 486/share

Earlier on Wednesday, its parent company Vedanta revised its stake sale in HZL to 3.31% via the OFS route from an earlier plan of selling 2.60%. The metal and mining major will now be selling 14 crore shares instead of 11 crore shares in HZL it had announced on Tuesday.

The Economic Times

Hindustan Zinc board to consider second interim dividend for FY25 on August 20

The announcement was made during market hours and the stock fell to a low of Rs 544 on the NSE, down more than 6% on intraday basis, after the Supreme Court allowed states to collect past dues on royalty on minerals-bearing land from Centre. Not just HZL, others including NMDC, Tata Steel, Vedanta and MOIL also fell by up to 5%.

Mint

Metal stocks tumble amidst broader market gains, Vedanta's Hindustan Zinc stake sale adds to sector woes. Check list

Metal stocks took a hit despite broader market gains, with major players like NMDC, Ratnamani Metals, and Hindustan Copper experiencing sharp declines. Vedanta's decision to offload a stake in Hindustan Zinc also contributed to the decline in sectoral stocks.

Business Line

Hindustan Zinc proposes creating two units with revised demerger plan, eyes $4 billion market boost

Decision to create separate unit for silver rides on the belief that separating the unit will add $3-4 billion to market cap

The Economic Times

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

Vedanta's Hindustan Zinc Ltd (HZL) contributed Rs 13,195 crore to the exchequer in FY 2023-24, about 46% of its total revenues. Over the past five years, HZL's cumulative contribution reached Rs 77,803 crore. Chairperson Priya Agarwal Hebbar highlighted HZL's commitment to sustainable growth and economic development, with significant annual contributions to Rajasthan.

Business Line

Hindustan Zinc receives renewable power from Serentica’s 180 MW solar project

undefined

The Economic Times

Hindustan Zinc gets power supply from Serentica 180 MW solar project

Vedanta's Hindustan Zinc now uses 450 MW from Serentica Renewables in Rajasthan, supplementing its 40.70 MW solar capacity. Aiming at reducing 0.45 million tonnes CO2, sustainability, and decarbonizing, this step coincides with Global Energy Independence Day. Phase 1 in Bikaner exemplifies Serentica's clean energy. Hindustan Zinc is the world’s second-largest zinc producer.

Business Standard

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 ...

The Economic Times

Hindustan Zinc sees exponential growth in demand for silver going ahead

Hindustan Zinc projects a substantial increase in silver demand, targeting higher production levels this year. The company's focus on maximizing silver output aligns with the soaring demand and prices, driven by industrial applications, precious metal usage, and the solar RE transition.

The Economic Times

Hindustan Zinc and US-based AEsir Technologies join hands for developing Zinc batteries

Hindustan Zinc Limited signed an MoU with AEsir Technologies Inc, a US company specialising in Zinc battery technologies. Hindustan Zinc will supply Zinc to AEsir for Zinc-based batteries, offering higher power at lower costs with longer lifespans. This partnership aligns with Hindustan Zinc’s focus on sustainable metal production for the global energy transition. AEsir's Nickel Zinc batteries are used in defence, renewable energy, and critical infrastructure.