HINDZINC
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COLUMN-A quiet revolution is unfolding in the mining sector: Andy Home
By Andy Home
LONDON, Aug 29 (Reuters) - The world is going to need a lot of copper and other critical metals if it is going to pivot away from fossil fuels. But can the mining industry deliver?
The challenges are huge. Ore grades at existing copper mines are steadily falling, big new discoveries are becoming rarer and development times can stretch up to a decade.
Part of the solution is to increase the efficiency of the mining process, which has historically been both highly polluting and wasteful.
BACK TO THE FUTURE
The world dug up 650 million metric tons of copper between 1910 and 2010 but 100 million tons never made it to market, according to a 2020 research paper by Germany's Fraunhofer Institute.
All that metal is still there lying in tailings ponds, a potentially massive resource awaiting the right technology to unlock it.
Rio Tinto RIO.L has already successfully separated critical metals such as scandium and tellurium from waste streams at existing operations.
Others are now looking at ways to extract value from the vast legacy of past mining activity.
Hudbay Minerals HBM.TO, for example, is evaluating the potential for re-mining tailings at the Flin Flon site in Canada's Manitoba. The mine closed in 2022, leaving nearly a century's worth of minerals-rich waste.
Australia's Cobalt Blue Holdings COB.AX, which has been collaborating on the Flin Flon project, has also signed an agreement with the Mount Isa city council in Queensland to explore re-working pyrite tailings as a potential alternative source of sulphur once the town's copper smelter closes.
These and many similar projects are still only at conceptual or pilot stage but India's Hindustan Zinc HZNC.NS is scaling up with a $438 million commitment to process 10 million tons per year of tailings at its Rampura Agucha mine, the world's largest zinc mine.
LESS WASTE
While miners are collectively reassessing the value of legacy waste, they are also working out how to produce less waste in the first place.
This comes with both economic and environmental upside. The mining industry currently generates over seven billion tons of tailings per year and the amount is rising as ore grades fall.
Much of the work in this area is incremental in nature. Glencore Technology, for example, has been steadily improving its ISAMill grinder to handle increasingly coarser particle sizes. The aim is to reduce the amount of ore grinding to save water and reduce tailings waste.
The company's Albion Process for leaching can lift copper recovery rates to over 99% and reduce operating costs by up to a third, allowing development of complex ore-bodies that wouldn't be viable with traditional technologies.
Others such as Allonnia, which describes itself as a bio-ingenuity company, are pioneering more revolutionary approaches.
The company's D-Solve technology uses microbes to selectively extract impurities such as magnesium from concentrates.
Allonnia has just partnered with the Eagle nickel mine in the United States for an onsite unit to pilot technology that in laboratory tests can improve nickel grades by 18% and cut magnesium impurities by 40%.
BIG TECH MEETS OLD TECH
The new overarching technology that can bind all these innovations together is artificial intelligence (AI).
Majors such as Rio Tinto and BHP are already using AI in autonomous haulage systems and to predict maintenance downtime rather than reacting to equipment failures.
Generative AI is the next big leap forward. BHP BHP.AX uses it in combination with "digital twin" technology, a real-time virtual replica of the mining process, at its South Australian copper mine and the giant Escondida mine in Chile.
GenAI models at Escondida "inform ore blasting and blending strategies, identify mine areas with challenging ore characteristics, and support the implementation of SAG mill model predictive control," according to BHP.
U.S. copper producer Freeport-McMoRan FCX.N has partnered with consultancy group McKinsey to use AI to boost production at its North American operations, which were facing declining output due to mature mines and aging process technology.
Integrating traditional mining with data engineering allows for real-time adjustments to processing rates to handle variable ores. When AI was trialled at the Baghdad mine in Arizona, it led to a 5%-10% increase in copper production.
Rolling it out across the company's other American operations is projected to lift output by 90,000 tons each year.
That's equivalent to a new processing plant, which would come at a cost of over $1.5 billion and a timeline of eight to ten years for planning, construction and commissioning.
FUTURE MINING
Mining, it is often said, is a dirty business.
The proof lies in the billions of tons of sludge sitting in tailings ponds around the world. The consequence is public antipathy to new mine projects, which is one of the reasons it takes so long to build and commission a new one.
Mining has also been a highly inefficient business in the past. Too much mineral value has been either discarded as waste or simply left in the ground because the technology didn't exist to treat such low-grade ore.
That's changing as one of the world's oldest industries rapidly modernizes, combining innovations in traditional processing with new technologies such as bio-engineering and AI.
This is a quiet revolution playing out in multiple laboratories, pilot plants and data centres around the world.
But the promise is one of a much cleaner and more efficient sector, which may just mean the world isn't going to run out of copper after all.
The opinions expressed here are those of the author, a columnist for Reuters.
(Editing by Elaine Hardcastle)
(([email protected], 44-207-542-4412 and on Twitter https://twitter.com/AndyHomeMetals))
By Andy Home
LONDON, Aug 29 (Reuters) - The world is going to need a lot of copper and other critical metals if it is going to pivot away from fossil fuels. But can the mining industry deliver?
The challenges are huge. Ore grades at existing copper mines are steadily falling, big new discoveries are becoming rarer and development times can stretch up to a decade.
Part of the solution is to increase the efficiency of the mining process, which has historically been both highly polluting and wasteful.
BACK TO THE FUTURE
The world dug up 650 million metric tons of copper between 1910 and 2010 but 100 million tons never made it to market, according to a 2020 research paper by Germany's Fraunhofer Institute.
All that metal is still there lying in tailings ponds, a potentially massive resource awaiting the right technology to unlock it.
Rio Tinto RIO.L has already successfully separated critical metals such as scandium and tellurium from waste streams at existing operations.
Others are now looking at ways to extract value from the vast legacy of past mining activity.
Hudbay Minerals HBM.TO, for example, is evaluating the potential for re-mining tailings at the Flin Flon site in Canada's Manitoba. The mine closed in 2022, leaving nearly a century's worth of minerals-rich waste.
Australia's Cobalt Blue Holdings COB.AX, which has been collaborating on the Flin Flon project, has also signed an agreement with the Mount Isa city council in Queensland to explore re-working pyrite tailings as a potential alternative source of sulphur once the town's copper smelter closes.
These and many similar projects are still only at conceptual or pilot stage but India's Hindustan Zinc HZNC.NS is scaling up with a $438 million commitment to process 10 million tons per year of tailings at its Rampura Agucha mine, the world's largest zinc mine.
LESS WASTE
While miners are collectively reassessing the value of legacy waste, they are also working out how to produce less waste in the first place.
This comes with both economic and environmental upside. The mining industry currently generates over seven billion tons of tailings per year and the amount is rising as ore grades fall.
Much of the work in this area is incremental in nature. Glencore Technology, for example, has been steadily improving its ISAMill grinder to handle increasingly coarser particle sizes. The aim is to reduce the amount of ore grinding to save water and reduce tailings waste.
The company's Albion Process for leaching can lift copper recovery rates to over 99% and reduce operating costs by up to a third, allowing development of complex ore-bodies that wouldn't be viable with traditional technologies.
Others such as Allonnia, which describes itself as a bio-ingenuity company, are pioneering more revolutionary approaches.
The company's D-Solve technology uses microbes to selectively extract impurities such as magnesium from concentrates.
Allonnia has just partnered with the Eagle nickel mine in the United States for an onsite unit to pilot technology that in laboratory tests can improve nickel grades by 18% and cut magnesium impurities by 40%.
BIG TECH MEETS OLD TECH
The new overarching technology that can bind all these innovations together is artificial intelligence (AI).
Majors such as Rio Tinto and BHP are already using AI in autonomous haulage systems and to predict maintenance downtime rather than reacting to equipment failures.
Generative AI is the next big leap forward. BHP BHP.AX uses it in combination with "digital twin" technology, a real-time virtual replica of the mining process, at its South Australian copper mine and the giant Escondida mine in Chile.
GenAI models at Escondida "inform ore blasting and blending strategies, identify mine areas with challenging ore characteristics, and support the implementation of SAG mill model predictive control," according to BHP.
U.S. copper producer Freeport-McMoRan FCX.N has partnered with consultancy group McKinsey to use AI to boost production at its North American operations, which were facing declining output due to mature mines and aging process technology.
Integrating traditional mining with data engineering allows for real-time adjustments to processing rates to handle variable ores. When AI was trialled at the Baghdad mine in Arizona, it led to a 5%-10% increase in copper production.
Rolling it out across the company's other American operations is projected to lift output by 90,000 tons each year.
That's equivalent to a new processing plant, which would come at a cost of over $1.5 billion and a timeline of eight to ten years for planning, construction and commissioning.
FUTURE MINING
Mining, it is often said, is a dirty business.
The proof lies in the billions of tons of sludge sitting in tailings ponds around the world. The consequence is public antipathy to new mine projects, which is one of the reasons it takes so long to build and commission a new one.
Mining has also been a highly inefficient business in the past. Too much mineral value has been either discarded as waste or simply left in the ground because the technology didn't exist to treat such low-grade ore.
That's changing as one of the world's oldest industries rapidly modernizes, combining innovations in traditional processing with new technologies such as bio-engineering and AI.
This is a quiet revolution playing out in multiple laboratories, pilot plants and data centres around the world.
But the promise is one of a much cleaner and more efficient sector, which may just mean the world isn't going to run out of copper after all.
The opinions expressed here are those of the author, a columnist for Reuters.
(Editing by Elaine Hardcastle)
(([email protected], 44-207-542-4412 and on Twitter https://twitter.com/AndyHomeMetals))
India's Hindustan Zinc up after investing $438 million in plant
** Shares of Hindustan Zinc HZNC.NS rise as much as 1.6%
** Stock trimmed most gains to trade flat at 427.10 rupees in a broadly flat market .BO
** Miner will spend 38.23 billion rupees ($437.5 million) to set up a metals re-processing plant
** The plant with a capacity of 10 million tons per year, will recover metal from tailing dumps — waste piles left after ore processing
** Eleven analysts covering HZNC have a "hold" rating on average; median PT is 462 rupees, per LSEG data
** Stock down 3.8% YTD
(Reporting by Urvi Dugar)
(([email protected];))
** Shares of Hindustan Zinc HZNC.NS rise as much as 1.6%
** Stock trimmed most gains to trade flat at 427.10 rupees in a broadly flat market .BO
** Miner will spend 38.23 billion rupees ($437.5 million) to set up a metals re-processing plant
** The plant with a capacity of 10 million tons per year, will recover metal from tailing dumps — waste piles left after ore processing
** Eleven analysts covering HZNC have a "hold" rating on average; median PT is 462 rupees, per LSEG data
** Stock down 3.8% YTD
(Reporting by Urvi Dugar)
(([email protected];))
India's Hindustan Zinc to invest $438 million to build reprocessing plant
Adds background on company's expansion plans
Aug 18 (Reuters) - Hindustan Zinc HZNC.NS will spend 38.23 billion rupees ($437.5 million) to set up a metals reprocessing plant, the Indian miner said on Monday, as a part of its plans to ramp-up capacity.
The new plant, with a processing capacity of 10 million tons per annum, will recover metal from tailing dumps - a phrase used to refer to the piles of waste left behind after the metal is extracted from ores.
The factory will boost the company's overall mineral recovery, Hindustan Zinc added in its statement, helping its larger aim of doubling its annual capacity to 2 million tons.
In June, Hindustan Zinc announced investment plans of $1.39 billion to set up a metals complex in the northwestern state of Rajasthan, where it already operates a zinc smelter.
($1 = 87.3740 Indian rupees)
(Reporting by Manvi Pant and Hritam Mukherjee; Editing by Janane Venkatraman)
(([email protected]; +918447554364;))
Adds background on company's expansion plans
Aug 18 (Reuters) - Hindustan Zinc HZNC.NS will spend 38.23 billion rupees ($437.5 million) to set up a metals reprocessing plant, the Indian miner said on Monday, as a part of its plans to ramp-up capacity.
The new plant, with a processing capacity of 10 million tons per annum, will recover metal from tailing dumps - a phrase used to refer to the piles of waste left behind after the metal is extracted from ores.
The factory will boost the company's overall mineral recovery, Hindustan Zinc added in its statement, helping its larger aim of doubling its annual capacity to 2 million tons.
In June, Hindustan Zinc announced investment plans of $1.39 billion to set up a metals complex in the northwestern state of Rajasthan, where it already operates a zinc smelter.
($1 = 87.3740 Indian rupees)
(Reporting by Manvi Pant and Hritam Mukherjee; Editing by Janane Venkatraman)
(([email protected]; +918447554364;))
India GreenLine to invest $46 million in electric truck fleet for Hindustan Zinc
Aug 4 (Reuters) - India's GreenLine Mobility Solutions said on Monday it will invest 4 billion rupees ($45.7 million) to boost its electric truck supply fleet for miner Hindustan Zinc HZNC.NS, replacing diesel vehicles.
Hindustan Zinc, which has set a 2050 net-zero carbon emission goal, will deploy electric trucks for the movement of materials between its mines and smelters, GreenLine said in a statement.
The funds will also be used to set up a commercial-scale battery-swapping infrastructure and double Hindustan Zinc's liquefied natural gas-powered truck fleet to 200 for long-haul finished goods transport, GreenLine said.
The company had in April pledged $275 million to accelerate decarbonization of heavy trucks, in a move to cut logistics-related emissions.
($1 = 87.5910 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Nidhi Verma and Shreya Biswas)
(([email protected]; X: @MukherjeeHritam;))
Aug 4 (Reuters) - India's GreenLine Mobility Solutions said on Monday it will invest 4 billion rupees ($45.7 million) to boost its electric truck supply fleet for miner Hindustan Zinc HZNC.NS, replacing diesel vehicles.
Hindustan Zinc, which has set a 2050 net-zero carbon emission goal, will deploy electric trucks for the movement of materials between its mines and smelters, GreenLine said in a statement.
The funds will also be used to set up a commercial-scale battery-swapping infrastructure and double Hindustan Zinc's liquefied natural gas-powered truck fleet to 200 for long-haul finished goods transport, GreenLine said.
The company had in April pledged $275 million to accelerate decarbonization of heavy trucks, in a move to cut logistics-related emissions.
($1 = 87.5910 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Nidhi Verma and Shreya Biswas)
(([email protected]; X: @MukherjeeHritam;))
Larsen & Toubro Got Order Worth Between 25-50 Bln Rupees
Aug 1 (Reuters) - Larsen and Toubro Ltd LART.NS:
GOT ORDER WORTH BETWEEN 25-50 BILLION RUPEES
SECURES CONTRACT FOR MINERALS AND METALS BUSINESS
SECURES ORDER FROM HINDUSTAN ZINC
Source text: ID:nBSE8VDZl8
Further company coverage: LART.NS
(([email protected];;))
Aug 1 (Reuters) - Larsen and Toubro Ltd LART.NS:
GOT ORDER WORTH BETWEEN 25-50 BILLION RUPEES
SECURES CONTRACT FOR MINERALS AND METALS BUSINESS
SECURES ORDER FROM HINDUSTAN ZINC
Source text: ID:nBSE8VDZl8
Further company coverage: LART.NS
(([email protected];;))
Hindustan Zinc Preferred Bidder For Composite License For Jhandawali–Satipura Amalgamated Potash, Halite Block Of Rajasthan
July 16 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
GETS LETTER OF INTENT FROM GOVERNMENT
PREFERRED BIDDER FOR COMPOSITE LICENSE FOR JHANDAWALI – SATIPURA AMALGAMATED POTASH, HALITE BLOCK OF RAJASTHAN
Source text: [ID:]
Further company coverage: HZNC.NS
(([email protected];;))
July 16 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
GETS LETTER OF INTENT FROM GOVERNMENT
PREFERRED BIDDER FOR COMPOSITE LICENSE FOR JHANDAWALI – SATIPURA AMALGAMATED POTASH, HALITE BLOCK OF RAJASTHAN
Source text: [ID:]
Further company coverage: HZNC.NS
(([email protected];;))
India's Hindustan Zinc tracks silver prices higher, hits over 1-month peak
** Shares of Hindustan Zinc HZNC.NS climb 2.5% to 435.7 rupees, their highest level in more than a month
** Spot silver XAG= up 1.8% to hit a record high earlier in the day PREMTL
** Silver metal operations contribute ~19% to HZNC's March-quarter revenue
** Stock down ~2% so far in 2025
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Hindustan Zinc HZNC.NS climb 2.5% to 435.7 rupees, their highest level in more than a month
** Spot silver XAG= up 1.8% to hit a record high earlier in the day PREMTL
** Silver metal operations contribute ~19% to HZNC's March-quarter revenue
** Stock down ~2% so far in 2025
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Viceroy Research takes short position on Vedanta Resources' debt
Updates with Vedanta Group response in paragraph 2, share move in paragraph 7, analyst comment in paragraph 8 and details throughout
By Vivek Kumar M and Sethuraman N R
July 9 (Reuters) - U.S.-based Viceroy Research has taken a short position against the debt of Vedanta Resources, the UK-based parent of Indian miner Vedanta VDAN.NS, alleging that the British firm is "systematically draining" its Indian unit.
A spokesperson for the Vedanta Group said that the report was "a malicious combination of selective misinformation and baseless allegations" and that its authors issued it without contacting the group.
Vedanta plans to split into multiple separate entities and said in 2024 it aims to cut its debt pile by $3 billion in three years. Group Chairman Anil Agarwal launched a plan a year earlier to overhaul the business after an unsuccessful attempt to take Vedanta private in 2020.
The group's structure is "financially unsustainable" and a major risk to creditors, Viceroy Research said, adding that it had uncovered material discrepancies in its investigation.
Vedanta's dividend policy serves its parent's financing needs, not its own cash flow, Viceroy Research said, adding that billions in disputed expenses are hidden off its balance sheet.
Vedanta approved dividends worth 758 billion rupees ($8.8 billion) in the last four fiscal years, while its unit Hindustan Zinc HZNC.NS declared 573 billion rupees as dividends over the same period, exchange filings show. Vedanta Resources holds 56.38% in Vedanta and 61.62% in Hindustan Zinc.
Shares of the Indian miner fell up to 7.8% after the report, but pared losses to trade down 4.8% by 0723 GMT while Hindustan Zinc was down 5%.
Viceroy's report "largely reiterates known concerns" without offering new insights, which likely explains the stock's quick partial recovery, said UR Bhat, co-founder of investment platform Alphaniti Fintech.
"The key now is whether institutional investors are influenced by it," he said.
Vedanta Resources' net debt on a standalone basis stood at $4.9 billion as of March 31, 2025, according to its annual report.
"We remain focused on the business and growth, and request everyone to avoid speculation and unsubstantiated allegations," the Vedanta Group spokesperson said in their response.
(Reporting by Hritam Mukherjee, Vivek Kumar M, Kashish Tandon and Bharath Rajeswaran in Bengaluru; Editing by Chandini Monnappa and Mrigank Dhaniwala)
(([email protected]; X: @MukherjeeHritam;))
Updates with Vedanta Group response in paragraph 2, share move in paragraph 7, analyst comment in paragraph 8 and details throughout
By Vivek Kumar M and Sethuraman N R
July 9 (Reuters) - U.S.-based Viceroy Research has taken a short position against the debt of Vedanta Resources, the UK-based parent of Indian miner Vedanta VDAN.NS, alleging that the British firm is "systematically draining" its Indian unit.
A spokesperson for the Vedanta Group said that the report was "a malicious combination of selective misinformation and baseless allegations" and that its authors issued it without contacting the group.
Vedanta plans to split into multiple separate entities and said in 2024 it aims to cut its debt pile by $3 billion in three years. Group Chairman Anil Agarwal launched a plan a year earlier to overhaul the business after an unsuccessful attempt to take Vedanta private in 2020.
The group's structure is "financially unsustainable" and a major risk to creditors, Viceroy Research said, adding that it had uncovered material discrepancies in its investigation.
Vedanta's dividend policy serves its parent's financing needs, not its own cash flow, Viceroy Research said, adding that billions in disputed expenses are hidden off its balance sheet.
Vedanta approved dividends worth 758 billion rupees ($8.8 billion) in the last four fiscal years, while its unit Hindustan Zinc HZNC.NS declared 573 billion rupees as dividends over the same period, exchange filings show. Vedanta Resources holds 56.38% in Vedanta and 61.62% in Hindustan Zinc.
Shares of the Indian miner fell up to 7.8% after the report, but pared losses to trade down 4.8% by 0723 GMT while Hindustan Zinc was down 5%.
Viceroy's report "largely reiterates known concerns" without offering new insights, which likely explains the stock's quick partial recovery, said UR Bhat, co-founder of investment platform Alphaniti Fintech.
"The key now is whether institutional investors are influenced by it," he said.
Vedanta Resources' net debt on a standalone basis stood at $4.9 billion as of March 31, 2025, according to its annual report.
"We remain focused on the business and growth, and request everyone to avoid speculation and unsubstantiated allegations," the Vedanta Group spokesperson said in their response.
(Reporting by Hritam Mukherjee, Vivek Kumar M, Kashish Tandon and Bharath Rajeswaran in Bengaluru; Editing by Chandini Monnappa and Mrigank Dhaniwala)
(([email protected]; X: @MukherjeeHritam;))
Hindustan Zinc Gets Order From Office Of Commissioner Of Custom Imposing Penalty Of 1.3 Mln Rupees
July 8 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
GETS ORDER FROM OFFICE OF COMMISSIONER OF CUSTOM IMPOSING PENALTY OF 1.3 MILLION RUPEES
Source text: ID:nnAZN44JTSI
Further company coverage: HZNC.NS
(([email protected];;))
July 8 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
GETS ORDER FROM OFFICE OF COMMISSIONER OF CUSTOM IMPOSING PENALTY OF 1.3 MILLION RUPEES
Source text: ID:nnAZN44JTSI
Further company coverage: HZNC.NS
(([email protected];;))
Hindustan Zinc Gets Letter Of Intent For Preferred Bidder
July 4 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC - GETS LETTER OF INTENT IN FAVOR OF PREFERRED BIDDER
HINDUSTAN ZINC - UTTAR PRADESH ISSUED LETTER OF INTENT TO HINDUSTAN ZINC
HINDUSTAN ZINC - PREFERRED BIDDER FOR GRANT OF COMPOSITE LICENSE FOR E-AUCTION OF NAWATOLA-LABAND REE BLOCK
Source text: ID:nBSE7QxYXf
Further company coverage: HZNC.NS
(([email protected];;))
July 4 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC - GETS LETTER OF INTENT IN FAVOR OF PREFERRED BIDDER
HINDUSTAN ZINC - UTTAR PRADESH ISSUED LETTER OF INTENT TO HINDUSTAN ZINC
HINDUSTAN ZINC - PREFERRED BIDDER FOR GRANT OF COMPOSITE LICENSE FOR E-AUCTION OF NAWATOLA-LABAND REE BLOCK
Source text: ID:nBSE7QxYXf
Further company coverage: HZNC.NS
(([email protected];;))
Hindustan Zinc Q1 Refined Metal Production At 250 KT, Down 5% YoY
July 2 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC LTD - REFINED METAL PRODUCTION AT 250 KT, DOWN 5% YOY
HINDUSTAN ZINC LTD - SALEABLE SILVER PRODUCTION AT 149 METRIC TONNES, DOWN 11% YOY
Source text: ID:nBSEbHmfXs
Further company coverage: HZNC.NS
(([email protected];;))
July 2 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC LTD - REFINED METAL PRODUCTION AT 250 KT, DOWN 5% YOY
HINDUSTAN ZINC LTD - SALEABLE SILVER PRODUCTION AT 149 METRIC TONNES, DOWN 11% YOY
Source text: ID:nBSEbHmfXs
Further company coverage: HZNC.NS
(([email protected];;))
India's Hindustan Zinc falls 6% after report of Vedanta selling stake in $350 million block deal
** Hindustan Zinc stock HZNC.NS down 6% to 457 rupees, biggest intra-day pct drop since April 4
** Parent Vedanta Ltd VDAN.NS selling 1.6% stake in miner HZNC via $350 million block deal at floor price of 452.50, IFR reports
** VDAN currently holds a little over 63% stake in HZNC
** Floor price at a 7% discount to last close
** Vedanta did not immediately respond to Reuters' request for comment
** HZNC is top loser on Nifty mid-cap index .NIFMDCP100, which is mostly unchanged; VDAN shares up 0.5%
** About 108 mln shares change hands
** YTD - HZNC up 3.3%; Nifty mid-cap index up 2%
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected] ))
** Hindustan Zinc stock HZNC.NS down 6% to 457 rupees, biggest intra-day pct drop since April 4
** Parent Vedanta Ltd VDAN.NS selling 1.6% stake in miner HZNC via $350 million block deal at floor price of 452.50, IFR reports
** VDAN currently holds a little over 63% stake in HZNC
** Floor price at a 7% discount to last close
** Vedanta did not immediately respond to Reuters' request for comment
** HZNC is top loser on Nifty mid-cap index .NIFMDCP100, which is mostly unchanged; VDAN shares up 0.5%
** About 108 mln shares change hands
** YTD - HZNC up 3.3%; Nifty mid-cap index up 2%
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected] ))
Hindustan Zinc Approves Setting Up 250 KT Zinc Metal Complex At Debari
June 17 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
APPROVES SETTING UP 250 KT ZINC METAL COMPLEX AT DEBARI
PROJECT CAPITAL EXPENDITURE UP TO 120 BILLION RUPEES
PROJECT IS TARGETED TO BE COMPLETED IN A PERIOD OF 36 MONTHS
Source text: ID:nBSE44qB89
Further company coverage: HZNC.NS
(([email protected];))
June 17 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
APPROVES SETTING UP 250 KT ZINC METAL COMPLEX AT DEBARI
PROJECT CAPITAL EXPENDITURE UP TO 120 BILLION RUPEES
PROJECT IS TARGETED TO BE COMPLETED IN A PERIOD OF 36 MONTHS
Source text: ID:nBSE44qB89
Further company coverage: HZNC.NS
(([email protected];))
Hindustan Zinc Dividend 10 Rupees Per Share
June 11 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC - DIVIDEND 10 RUPEES PER SHARE
Source text: [ID:]
Further company coverage: HZNC.NS
(([email protected];;))
June 11 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC - DIVIDEND 10 RUPEES PER SHARE
Source text: [ID:]
Further company coverage: HZNC.NS
(([email protected];;))
India's Hindustan Zinc gains after silver prices rise
** Shares of Hindustan Zinc HZNC.NS rise as much as 3.1% to 506.90 rupees, last up 1.2%
** Stock gains for a second straight session, rose 5% on Thursday
** Spot silver XAG= rose above $35 per ounce level for the first time in more than 13 years
** Silver metal operations contributed ~19% to HZNC's March quarter revenue
** Trading vols at 7.8 mln shares, nearly 3x the 30-day average
** HZNC up ~14% YTD
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Hindustan Zinc HZNC.NS rise as much as 3.1% to 506.90 rupees, last up 1.2%
** Stock gains for a second straight session, rose 5% on Thursday
** Spot silver XAG= rose above $35 per ounce level for the first time in more than 13 years
** Silver metal operations contributed ~19% to HZNC's March quarter revenue
** Trading vols at 7.8 mln shares, nearly 3x the 30-day average
** HZNC up ~14% YTD
(Reporting by Vijay Malkar)
(([email protected];))
Indian miner Vedanta's quarterly profit doubles on lower tax rate, higher commodity prices
April 30 (Reuters) - Indian metals-to-oil conglomerate Vedanta VDAN.NS on Wednesday reported fourth-quarter profit which more than doubled, boosted by a lower tax rate and higher selling prices for aluminium and zinc.
The miner's consolidated profit attributable to owners of the company surged 154% to 34.83 billion rupees (around $412 million) in the quarter.
The company said its normalised tax rate dropped to 28% from 46% in the year-ago quarter, mainly due to changes in its profit mix and a reduction in the tax rate of a foreign subsidiary.
Overall revenue increased by around 14% to 397.89 billion rupees, boosted by higher prices for aluminium and zinc, which gained by 19.6% and 17.5%, in the quarter, as per data from brokerages.
Vedanta's aluminium business is the biggest in India and contributes about 40% of the company's revenue. Zinc is its second-biggest business, followed by copper, whose prices gained 9.3% in the quarter.
The company's earnings before interest, taxes, depreciation and amortization (EBITDA) rose 30% to 116.18 billion rupees.
Its EBITDA, or core profit, margin expanded to 35% from 30% a year ago, helped by the strong commodity prices and cost-saving initiatives.
Earlier this week, Vedanta's subsidiary Hindustan Zinc HZNC.NS reported a higher fourth-quarter profit, although its finance chief flagged price volatility due to the uncertainty related to U.S. tariffs.
($1 = 84.6170 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Savio D'Souza)
(([email protected]; +918447554364;))
April 30 (Reuters) - Indian metals-to-oil conglomerate Vedanta VDAN.NS on Wednesday reported fourth-quarter profit which more than doubled, boosted by a lower tax rate and higher selling prices for aluminium and zinc.
The miner's consolidated profit attributable to owners of the company surged 154% to 34.83 billion rupees (around $412 million) in the quarter.
The company said its normalised tax rate dropped to 28% from 46% in the year-ago quarter, mainly due to changes in its profit mix and a reduction in the tax rate of a foreign subsidiary.
Overall revenue increased by around 14% to 397.89 billion rupees, boosted by higher prices for aluminium and zinc, which gained by 19.6% and 17.5%, in the quarter, as per data from brokerages.
Vedanta's aluminium business is the biggest in India and contributes about 40% of the company's revenue. Zinc is its second-biggest business, followed by copper, whose prices gained 9.3% in the quarter.
The company's earnings before interest, taxes, depreciation and amortization (EBITDA) rose 30% to 116.18 billion rupees.
Its EBITDA, or core profit, margin expanded to 35% from 30% a year ago, helped by the strong commodity prices and cost-saving initiatives.
Earlier this week, Vedanta's subsidiary Hindustan Zinc HZNC.NS reported a higher fourth-quarter profit, although its finance chief flagged price volatility due to the uncertainty related to U.S. tariffs.
($1 = 84.6170 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Savio D'Souza)
(([email protected]; +918447554364;))
Hindustan Zinc CFO flags price volatility on tariff risks, sees strong FY26 growth
Recasts to add more comments from interview
By Manvi Pant and Anuran Sadhu
April 25 (Reuters) - Hindustan Zinc HZNC.NS expects strong growth in fiscal 2026 despite global price volatility caused by U.S. tariff uncertainty, a top executive told Reuters on Friday, after the miner reported a jump in quarterly profit.
Zinc prices, which averaged at about $2,900 a ton in financial year 2025, have oscillated between $2,500 and $2,700 so far in April, CFO Sandeep Modi said.
“It will take some time to create balance in prices due to U.S. tariffs, but fundamentally prices will remain strong.”
Modi said prices are expected to average at $2,800-$2,900 a ton in fiscal 2026, which started on April 1. Rising commodity prices typically boost selling prices and margins for miners.
U.S. President Donald Trump's on-again-off-again tariffs have sparked trade uncertainty and gutted global markets in recent weeks.
On Friday, Hindustan Zinc reported a jump in fourth-quarter profit, supported by higher production and prices.
The company, India's biggest producer of the refined metal, forecast production growth of saleable metal at 1,100 kilo tons per annum (KTPA) in fiscal 2026, up from 1,052 KTPA a year ago, CEO Arun Misra told Reuters.
It also expects a project capex of $225 million-$250 million this financial year.
Modi said an expansion plan for the company is underway and expects approval from the board for its first phase in about a month. He did not elaborate on the plan.
Demand for zinc, which is commonly used to coat steel to prevent corrosion, is set to grow by 5% this fiscal in India, while steel demand will rise 4%-5%, Modi said.
Domestic zinc prices rose about 17.5% in the fourth quarter, according to analysts, on higher demand from India's construction and manufacturing sectors.
The company, which commands 75% of the domestic zinc market, said its revenue from operations rose 21.2% to 88.29 billion rupees, while total expenses grew only 8.5%.
The zinc division reported a 20.6% increase in revenue.
($1 = 85.4350 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Varun H K and Sonia Cheema)
(([email protected]; +91 8697274436;))
Recasts to add more comments from interview
By Manvi Pant and Anuran Sadhu
April 25 (Reuters) - Hindustan Zinc HZNC.NS expects strong growth in fiscal 2026 despite global price volatility caused by U.S. tariff uncertainty, a top executive told Reuters on Friday, after the miner reported a jump in quarterly profit.
Zinc prices, which averaged at about $2,900 a ton in financial year 2025, have oscillated between $2,500 and $2,700 so far in April, CFO Sandeep Modi said.
“It will take some time to create balance in prices due to U.S. tariffs, but fundamentally prices will remain strong.”
Modi said prices are expected to average at $2,800-$2,900 a ton in fiscal 2026, which started on April 1. Rising commodity prices typically boost selling prices and margins for miners.
U.S. President Donald Trump's on-again-off-again tariffs have sparked trade uncertainty and gutted global markets in recent weeks.
On Friday, Hindustan Zinc reported a jump in fourth-quarter profit, supported by higher production and prices.
The company, India's biggest producer of the refined metal, forecast production growth of saleable metal at 1,100 kilo tons per annum (KTPA) in fiscal 2026, up from 1,052 KTPA a year ago, CEO Arun Misra told Reuters.
It also expects a project capex of $225 million-$250 million this financial year.
Modi said an expansion plan for the company is underway and expects approval from the board for its first phase in about a month. He did not elaborate on the plan.
Demand for zinc, which is commonly used to coat steel to prevent corrosion, is set to grow by 5% this fiscal in India, while steel demand will rise 4%-5%, Modi said.
Domestic zinc prices rose about 17.5% in the fourth quarter, according to analysts, on higher demand from India's construction and manufacturing sectors.
The company, which commands 75% of the domestic zinc market, said its revenue from operations rose 21.2% to 88.29 billion rupees, while total expenses grew only 8.5%.
The zinc division reported a 20.6% increase in revenue.
($1 = 85.4350 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Varun H K and Sonia Cheema)
(([email protected]; +91 8697274436;))
Hindustan Zinc Mined Metal Production Of 310 Kt For Q4fy25
April 2 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC LTD - RECORD MINED METAL PRODUCTION AT 1095 KT FOR FY25
HINDUSTAN ZINC LTD - REFINED METAL PRODUCTION AT 1052 KT FOR FY25
HINDUSTAN ZINC LTD - QUARTERLY MINED METAL PRODUCTION OF 310 KT FOR Q4FY25
Source text: ID:nBSEwt1qd
Further company coverage: HZNC.NS
(([email protected];;))
April 2 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC LTD - RECORD MINED METAL PRODUCTION AT 1095 KT FOR FY25
HINDUSTAN ZINC LTD - REFINED METAL PRODUCTION AT 1052 KT FOR FY25
HINDUSTAN ZINC LTD - QUARTERLY MINED METAL PRODUCTION OF 310 KT FOR Q4FY25
Source text: ID:nBSEwt1qd
Further company coverage: HZNC.NS
(([email protected];;))
India's Hindustan Zinc hits more than 7-week high on silver price surge
** Hindustan Zinc HZNC.NS surges as much as 9.5% to 477.50 rupees, highest since January 25
** Stock second-best pct gainer on Nifty mid-cap index .NIFMDCP100, which is up ~ 2%
** Spot silver XAG= inching closer to 12-year peak hit in October 2024 primary catalyst for HZNC, says Kranthi Bathini, director of equity strategy at WealthMills Securities
** Spot silver has jumped 9.3% so far in March on strong safe-haven demand
** Hindustan Zinc is India's top silver producer
** HZNC up 18% so far in March
** Stock last up 7.3% extends YTD gains to 4%
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
** Hindustan Zinc HZNC.NS surges as much as 9.5% to 477.50 rupees, highest since January 25
** Stock second-best pct gainer on Nifty mid-cap index .NIFMDCP100, which is up ~ 2%
** Spot silver XAG= inching closer to 12-year peak hit in October 2024 primary catalyst for HZNC, says Kranthi Bathini, director of equity strategy at WealthMills Securities
** Spot silver has jumped 9.3% so far in March on strong safe-haven demand
** Hindustan Zinc is India's top silver producer
** HZNC up 18% so far in March
** Stock last up 7.3% extends YTD gains to 4%
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
India New Issue-Hindustan Zinc to issue 3-year bonds, bankers say
MUMBAI, March 18 (Reuters) - India's Hindustan Zinc HZNC.NS plans to raise 5 billion rupees ($57.7 million) through the sale of bonds maturing in three years, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Wednesday, they said.
Last week, Hindustan Zinc said in a stock exchange notice that it aims to raise 5 billion rupees through separately transferable and redeemable principal part bonds.
Here is the list of deals reported so far on March 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Hindustan Zinc | 3 years | To be decided | 5 | March 19 | AAA (Crisil) |
Aditya Birla Finance June 2028 reissue | 3 year and 3 months | 8.02 (yield) | 9.85 | March 17 | AAA (Crisil, Icra) |
Aditya Birla Finance | 4 year and 2 months | 8.02 | 6.10 | March 17 | AAA (Crisil, Icra) |
Aditya Birla Finance | 4 year and 11 months | 8.02 | 21.20 | March 17 | AAA (Crisil, Icra) |
LIC Housing Finance | 2 years | 7.73 | 10 | March 17 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.6860 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, March 18 (Reuters) - India's Hindustan Zinc HZNC.NS plans to raise 5 billion rupees ($57.7 million) through the sale of bonds maturing in three years, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Wednesday, they said.
Last week, Hindustan Zinc said in a stock exchange notice that it aims to raise 5 billion rupees through separately transferable and redeemable principal part bonds.
Here is the list of deals reported so far on March 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Hindustan Zinc | 3 years | To be decided | 5 | March 19 | AAA (Crisil) |
Aditya Birla Finance June 2028 reissue | 3 year and 3 months | 8.02 (yield) | 9.85 | March 17 | AAA (Crisil, Icra) |
Aditya Birla Finance | 4 year and 2 months | 8.02 | 6.10 | March 17 | AAA (Crisil, Icra) |
Aditya Birla Finance | 4 year and 11 months | 8.02 | 21.20 | March 17 | AAA (Crisil, Icra) |
LIC Housing Finance | 2 years | 7.73 | 10 | March 17 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.6860 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
Atmastco Enters A Contractual Agreement With Hindustan Zinc
March 17 (Reuters) - Atmastco Ltd ATMS.NS:
ENTERED A CONTRACTUAL AGREEMENT WITH HINDUSTAN ZINC
AGREEMENT FOR EXECUTION OF ENGINEERING PROJECT OF 1.28 BILLION RUPEES
Source text: [ID:]
Further company coverage: ATMS.NS
(([email protected];;))
March 17 (Reuters) - Atmastco Ltd ATMS.NS:
ENTERED A CONTRACTUAL AGREEMENT WITH HINDUSTAN ZINC
AGREEMENT FOR EXECUTION OF ENGINEERING PROJECT OF 1.28 BILLION RUPEES
Source text: [ID:]
Further company coverage: ATMS.NS
(([email protected];;))
Hindustan Zinc Signs Power Delivery Agreement With Serentica Renewables
March 11 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC LTD - SIGNS POWER DELIVERY AGREEMENT WITH SERENTICA RENEWABLES
HINDUSTAN ZINC LTD - RENEWABLE ENERGY AUGMENTED TO 530 MW FROM 450 MW
HINDUSTAN ZINC LTD - AUGMENTED CAPACITY TO COVER 70% OF POWER REQUIREMENTS
HINDUSTAN ZINC LTD - PROJECT TO BE FULLY OPERATIONAL BY 2027
Source text: ID:nBSE2JXXxz
Further company coverage: HZNC.NS
(([email protected];))
March 11 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC LTD - SIGNS POWER DELIVERY AGREEMENT WITH SERENTICA RENEWABLES
HINDUSTAN ZINC LTD - RENEWABLE ENERGY AUGMENTED TO 530 MW FROM 450 MW
HINDUSTAN ZINC LTD - AUGMENTED CAPACITY TO COVER 70% OF POWER REQUIREMENTS
HINDUSTAN ZINC LTD - PROJECT TO BE FULLY OPERATIONAL BY 2027
Source text: ID:nBSE2JXXxz
Further company coverage: HZNC.NS
(([email protected];))
Hindustan Zinc Approves Fund Raise Of Upto 5 Billion Rupees
March 10 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC - APPROVES FUND RAISE OF UPTO 5 BILLION RUPEES
Source text: [ID:]
Further company coverage: HZNC.NS
(([email protected];))
March 10 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC - APPROVES FUND RAISE OF UPTO 5 BILLION RUPEES
Source text: [ID:]
Further company coverage: HZNC.NS
(([email protected];))
Hindustan Zinc To Consider Issuance Of Non-Convertible Debentures
March 5 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC LTD - TO CONSIDER ISSUANCE OF NON-CONVERTIBLE DEBENTURES
HINDUSTAN ZINC- TO CONSIDER PROPOSAL FOR ISSUANCE OF NON-CONVERTIBLE DEBENTURES
Source text: ID:nBSE728xbN
Further company coverage: HZNC.NS
(([email protected];))
March 5 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC LTD - TO CONSIDER ISSUANCE OF NON-CONVERTIBLE DEBENTURES
HINDUSTAN ZINC- TO CONSIDER PROPOSAL FOR ISSUANCE OF NON-CONVERTIBLE DEBENTURES
Source text: ID:nBSE728xbN
Further company coverage: HZNC.NS
(([email protected];))
Hindustan Zinc CEO Says Mining Reforms Introduced In Budget Position India As Key Player In Critical Minerals Sector
Feb 1 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC CEO: MINING REFORMS INTRODUCED IN BUDGET POSITION INDIA AS KEY PLAYER IN CRITICAL MINERALS SECTOR
Source text: [ID:]
Further company coverage: HZNC.NS
(([email protected];))
Feb 1 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC CEO: MINING REFORMS INTRODUCED IN BUDGET POSITION INDIA AS KEY PLAYER IN CRITICAL MINERALS SECTOR
Source text: [ID:]
Further company coverage: HZNC.NS
(([email protected];))
India's Hindustan Zinc beats third-quarter profit view on higher prices
Jan 28 (Reuters) - Hindustan Zinc HZNC.NS, India's biggest producer of the refined metal, reported a bigger-than-expected rise in third-quarter profit on Tuesday, supported by higher zinc prices.
The company, majority owned by the metals-to-oil conglomerate Vedanta VDAN.NS, said its consolidated net profit surged 32% on-year to 26.78 billion rupees (about $310 million) in the three months to Dec. 31.
Analysts had pegged the profit at 25.08 billion rupees, as per data compiled by LSEG.
Domestic zinc prices rose during the quarter, in tandem with global prices as the world's biggest producer of the refined metal, China, continued to face a supply crunch.
Analysts at two brokerages estimated that zinc prices rose about 22% in the quarter.
Hindustan Zinc, which has three-fourths share of the domestic market, said revenue from operations grew about 18% to 83.15 billion rupees.
Its zinc business posted a 21% rise in revenue, while the second-biggest business segment, silver, clocked a 4% growth.
Hindustan Zinc is the world's third-biggest producer of the precious metal.
($1 = 86.5010 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; +918447554364;))
Jan 28 (Reuters) - Hindustan Zinc HZNC.NS, India's biggest producer of the refined metal, reported a bigger-than-expected rise in third-quarter profit on Tuesday, supported by higher zinc prices.
The company, majority owned by the metals-to-oil conglomerate Vedanta VDAN.NS, said its consolidated net profit surged 32% on-year to 26.78 billion rupees (about $310 million) in the three months to Dec. 31.
Analysts had pegged the profit at 25.08 billion rupees, as per data compiled by LSEG.
Domestic zinc prices rose during the quarter, in tandem with global prices as the world's biggest producer of the refined metal, China, continued to face a supply crunch.
Analysts at two brokerages estimated that zinc prices rose about 22% in the quarter.
Hindustan Zinc, which has three-fourths share of the domestic market, said revenue from operations grew about 18% to 83.15 billion rupees.
Its zinc business posted a 21% rise in revenue, while the second-biggest business segment, silver, clocked a 4% growth.
Hindustan Zinc is the world's third-biggest producer of the precious metal.
($1 = 86.5010 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; +918447554364;))
Hindustan Zinc Receives Tax Penalty Order Of 411.1 Mln Rupees, 514.5 Mln Rupees
Jan 14 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
RECEIVES TAX PENALTY ORDER OF 411.1 MILLION RUPEES, 514.5 MILLION RUPEES
Source text: ID:nBSE5wgGyx
Further company coverage: HZNC.NS
(([email protected];;))
Jan 14 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
RECEIVES TAX PENALTY ORDER OF 411.1 MILLION RUPEES, 514.5 MILLION RUPEES
Source text: ID:nBSE5wgGyx
Further company coverage: HZNC.NS
(([email protected];;))
Hindustan Zinc Gets Tax Penalty Order Of 353.5 Mln Rupees
Jan 9 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC LTD - RECEIVES TAX PENALTY ORDER OF 353.5 MILLION RUPEES
Source text: ID:nBSE1PdfKN
Further company coverage: HZNC.NS
(([email protected];))
Jan 9 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC LTD - RECEIVES TAX PENALTY ORDER OF 353.5 MILLION RUPEES
Source text: ID:nBSE1PdfKN
Further company coverage: HZNC.NS
(([email protected];))
Hindustan Zinc Says Mine Metal Production In Third Quarter At 265Kt
Jan 2 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC - MINE METAL PRODUCTION IN THIRD QUARTER AT 265KT
HINDUSTAN ZINC - WIND POWER GENERATION FOR 3QFY25 WAS 47 MU
Source text: ID:nNSEbYnztr
Further company coverage: HZNC.NS
(([email protected];))
Jan 2 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
HINDUSTAN ZINC - MINE METAL PRODUCTION IN THIRD QUARTER AT 265KT
HINDUSTAN ZINC - WIND POWER GENERATION FOR 3QFY25 WAS 47 MU
Source text: ID:nNSEbYnztr
Further company coverage: HZNC.NS
(([email protected];))
Vedanta Says Hindustan Zinc Receives Tax Order With Penalty Of 1.2 Million Rupees
Dec 27 (Reuters) - Vedanta Ltd VDAN.NS:
VEDANTA - HINDUSTAN ZINC RECEIVES ORDER WITH PENALTY OF 1.2 MILLION RUPEES
Source text: ID:nBSE8ZTmQK
Further company coverage: VDAN.NS
(([email protected];;))
Dec 27 (Reuters) - Vedanta Ltd VDAN.NS:
VEDANTA - HINDUSTAN ZINC RECEIVES ORDER WITH PENALTY OF 1.2 MILLION RUPEES
Source text: ID:nBSE8ZTmQK
Further company coverage: VDAN.NS
(([email protected];;))
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What does Hindustan Zinc do?
Hindustan Zinc, a Vedanta Group company, is the world’s largest integrated zinc producer and among the top silver producers globally. It is a global leader in critical minerals and metals, with one of the largest and most diversified portfolios. It is recognised globally for its scale and operational excellence, technological and innovation capabilities, and pioneering sustainability efforts. Its operations are driven by synergistic integration, right from mining to marketing of products. This seamless presence across the value chain drives efficiency, provides scalability and enables the production of high-quality zinc, lead, silver, and value-added products. It continues to invest in advanced technologies, safety and sustainability practices and capacity expansion across these processes to scale operational efficiencies, enable innovation and support the nation’s mineral self-reliance.
Who are the competitors of Hindustan Zinc?
Hindustan Zinc major competitors are Vedanta, Lloyds Metals&Energy, NMDC, Hindustan Copper, KIOCL, GMDC, Gravita India. Market Cap of Hindustan Zinc is ₹2,03,851 Crs. While the median market cap of its peers are ₹31,854 Crs.
Is Hindustan Zinc financially stable compared to its competitors?
Hindustan Zinc seems to be less financially stable compared to its competitors. Altman Z score of Hindustan Zinc is 8.51 and is ranked 6 out of its 8 competitors.
Does Hindustan Zinc pay decent dividends?
The company seems to pay a good stable dividend. Hindustan Zinc latest dividend payout ratio is 118.35% and 3yr average dividend payout ratio is 164.21%
How has Hindustan Zinc allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress
How strong is Hindustan Zinc balance sheet?
Balance sheet of Hindustan Zinc is strong. But short term working capital might become an issue for this company.
Is the profitablity of Hindustan Zinc improving?
The profit is oscillating. The profit of Hindustan Zinc is ₹10,242 Crs for TTM, ₹10,353 Crs for Mar 2025 and ₹7,759 Crs for Mar 2024.
Is the debt of Hindustan Zinc increasing or decreasing?
Yes, The net debt of Hindustan Zinc is increasing. Latest net debt of Hindustan Zinc is ₹10,866 Crs as of Mar-25. This is greater than Mar-24 when it was ₹8,505 Crs.
Is Hindustan Zinc stock expensive?
Yes, Hindustan Zinc is expensive. Latest PE of Hindustan Zinc is 19.9, while 3 year average PE is 17.32. Also latest EV/EBITDA of Hindustan Zinc is 12.42 while 3yr average is 10.5.
Has the share price of Hindustan Zinc grown faster than its competition?
Hindustan Zinc has given lower returns compared to its competitors. Hindustan Zinc has grown at ~6.3% over the last 8yrs while peers have grown at a median rate of 20.09%
Is the promoter bullish about Hindustan Zinc?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Hindustan Zinc is 61.84% and last quarter promoter holding is 63.42%
Are mutual funds buying/selling Hindustan Zinc?
The mutual fund holding of Hindustan Zinc is increasing. The current mutual fund holding in Hindustan Zinc is 0.75% while previous quarter holding is 0.17%.