Page 3 - Hindustan Zinc

Hindustan Zinc Q2 profit dips 6.7% to Rs 1,940 cr due to higher expenses

The company had posted a net profit of Rs 2,081 crore in the year-ago period, HZL said in a filing to BSE

Hindustan Zinc, Gujarat govt sign MoU for Rs 10,000 cr greenfield smelter

Located over 100 km from Hazira port and 90 km from the upcoming Magdala port, the unit will occupy 415 acres and will be operational by 2022

Hindustan Zinc, Gujarat govt sign pact to set up zinc smelter plant

Vedanta Group firm Hindustan Zinc Ltd (HZL) on Wednesday said it has signed a pact with Gujarat government to set up a greenfield zinc smelter in the state. The project will entail an investment of up to Rs 10,000 crore. Spread over 415 acres, the facility will entail an investment of Rs 5000- 10,000 crore in phases, creating more than 5,000 direct and indirect jobs and will be operational by 2022, HZL said in a statement. "HZL...signed a Memorandum of Understanding (MoU) with Government of Gujarat to set up 300 KTPA (kilo tonnes per annum) greenfield zinc smelter at Doswada, GIDC (Gujarat Industrial Development Corporation)," the statement said. The new facility - the first for Hindustan Zinc in Gujarat - will be set up with zero discharge technology and will be among the lowest-cost smelters in the world. This is one of the largest MoUs signed by the state under the States new industrial policy, which gives extra benefits to the companies investing in backward tribal districts,

Hindustan Zinc, Gujarat govt sign pact to set up zinc smelter plant

Vedanta Group firm Hindustan Zinc Ltd (HZL) on Wednesday said it has signed a pact with Gujarat government to set up a greenfield zinc smelter in the state.

Vedanta: Rising commodity prices, dividend hopes augur well for the stock

Market experts say the stock had seen good gains in the past two months and touched Rs 140 levels in expectation of the delisting going through at Rs 170-plus per share

Weekly stock picks by Religare Broking: Buy Berger Paints, HDFC Life

Berger Paints has resumed the uptrend and is currently trading at its record high. Indications are in the favor of prevailing momentum to extend upside further

Vedanta's Q1 profit tumbles 23.5% as Covid-19 lockdown hurts output, demand

Vedanta's Hindustan Zinc, also Asia's most valuable zinc producer, reported a 23% drop in June-quarter profit on lower prices and production

Hind Zinc may use NCD funds as dividends to help Vedanta delist: analysts

Firm raises Rs 3,520 cr despite firm being cash surplus; It cannot use the proceeds directly for parent company

Hindustan Zinc shares close over 2% higher on Rs 4,000 cr fundraising plan

The stock, which jumped 7 per cent to Rs 222.75 during the day on the BSE, later pared some of the gains and settled at Rs 212.55, up 2.16 per cent

Hindustan Zinc surges 7% as Co to raise up to Rs 4,000 crore through NCDs

It added that the fundraising would aggregate up to Rs 4,000 crore, including the option to retain oversubscription of up to Rs 1,000 crore.

Vedanta's Hindustan Zinc to raise up to Rs 4,000 cr through debentures

The approval on the same was given during the meeting of the committee of directors held on Tuesday, HZL said in a filing to the BSE

Hindustan Zinc to seek board approval to raise up to Rs 4,000 cr via NCDs

The company proposes to offer rated, unsecured, redeemable, non-cumulative, non-convertible debentures aggregating up to Rs 4,000 crores in one or more tranches, HZL said

Vedanta's Anil Agarwal, Centricus team up for turnaround investment fund

The fund will also target companies restructuring under India's bankruptcy regime, the people said

Use of galvanised steel set to rise in large-scale infra development: HZL

"As India is on its way to large-scale infrastructure expansions, use of galvanised steel in construction is set to rise," Hindustan Zinc CEO Arun Mishra said

We are on the right side of the cost curve, says HZL's Arun Misra

We were able to ramp up and May-June turned out to be very good months compared to last year, or the year before that, says Misra

Hindustan Zinc appoints two new directors on board effective August 1

Anjani K Agarwal was a senior partner at EY till 2019; Akhilesh Joshi was former CEO at Hindustan Zinc

Hindustan Zinc: Awaiting fresh triggers for earnings growth amid low demand

Analysts at HSBC, not expecting zinc prices to cross $2,200 in the foreseeable future, have reiterated "hold" rating given potential for volume growth and high dividend yield

Hindustan Zinc charts path as metal production falls in lockdown impact

With volume growth expected to be soft in FY21, higher base metal prices are crucial for upgrades

Arun Mishra elevated as Hindustan Zinc CEO, takes charge on Aug 1

He succeeds Sunil Duggal, who is now leading the group company, Vedanta Limited, as its chief executive officer.

PSU stocks still on shaky ground as call for privatisation intensifies

In the past decade, total market cap of top 17 PSUs has dropped 41% vis-a-vis a 91% rise in Sensex