Page 6 - Hindustan Zinc

Base metal rally not in sync with fundamentals

Higher prices, however, will continue to boost profit at Hindalco, HZL and Vedanta in near term

Hindustan Zinc's good show to continue

Better realisations, higher output, and lower costs bode well for the company

HZL to launch product to tap auto, defence opportunities

The product will be launched by Steel Minister Chaudhary Birendra Singh at a two-day international conference in New Delhi

India loses up to $100 bn annually to corrosion: Hindustan Zinc CEO

Galvanised rebar can withstand chloride concentration at least four-five times higher than the black steel rebar

Hindustan Zinc joins Rs 1-lakh crore m-cap club; stock hits record high

The stock hit a lifetime high of Rs 259, up 11% on the BSE in intra-day trade on back of heavy volumes.

Limited upside for Hindustan Zinc

Zinc price outlook remains firm and planned decline in output will reverse in the 2nd half

Hindustan Zinc pays record dividend

Hindustan Zinc, a Vedanta group company, on Monday paid the government Rs 2,995 crore as dividend on account of its 29.54 per cent residual stake in Hindustan Zinc Ltd. At a ceremony held in New Delhi, Sunil Duggal, chief executive officer of Hindustan Zinc, presented the dividend cheque to Finance Minister Arun Jaitley and Steel and Mines Minister Narendra Singh Tomar.Besides dividend, the government also obtained a dividend distribution tax (DDT) of Rs 2,064.4 crore. On March 30, the company's board had declared a special 'Golden Jubilee' dividend of 1,200 per cent that is Rs 24 on an equity share of Rs 2 each. This dividend will entail an outflow of approximately Rs 12,205 crore, including DDT.

Hindustan Zinc turns ex-dividend

The company had declared special golden jubilee dividend @1200% i.e. Rs 24 per equity share of Rs 2 each for the financial year 2015-16.

Hindustan Zinc's special dividend credit positive for Vedanta Resources, says Moody's

Dividend will stave off some of the refinancing pressure for Vedanta whose debt maturities are scheduled for FY17

Hindustan Zinc hits record high on dividend bounty

The stock surged 14% to Rs 200 after the board declared a special dividend of 1200% or Rs 24 per equity share of face value of Rs 2/- for the current fiscal.

Govt can get $3.7 bn for its stake in HZL, Balco: Anil Agarwal

His comments come against the backdrop of Mines Ministry saying that selling govt's stake in HZL is not a 'wise move'