HINDZINC
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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] ))
Indian miner Hindustan Zinc approves project worth $1.39 billion
June 17 (Reuters) - Hindustan Zinc HZNC.NS has approved a zinc metal complex project worth 120 billion rupees ($1.39 billion) as it looks to ramp-up capacity, the miner said on Tuesday.
($1 = 86.1560 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Janane Venkatraman)
(([email protected]; +918447554364;))
June 17 (Reuters) - Hindustan Zinc HZNC.NS has approved a zinc metal complex project worth 120 billion rupees ($1.39 billion) as it looks to ramp-up capacity, the miner said on Tuesday.
($1 = 86.1560 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Janane Venkatraman)
(([email protected]; +918447554364;))
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;))
India's Hindustan Zinc reports higher profit on jump in prices, production
April 25 (Reuters) - Hindustan Zinc HZNC.NS, the world's third-biggest zinc producer, reported a jump in fourth-quarter profit on Friday, supported by higher production and rising prices of the metal.
The company's consolidated net profit came in at 30.03 billion rupees ($351.5 million) in the three months to March 31, up 47.4% from a year ago.
Domestic zinc prices rose about 17.5% in the quarter, according to Systematix estimates, due to higher demand from India's construction and manufacturing sectors.
Hindustan Zinc, majority owned by metals-to-oil conglomerate Vedanta VDAN.NS, previously said its March-quarter mined metal production was at a record high of 310 kilo tonnes.
The company, which commands 75% share 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 recorded a 20.6% increase in revenue, while silver, the company's second-largest business segment, registered a 24.1% growth.
($1 = 85.4350 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Varun H K)
(([email protected]; +91 8697274436;))
April 25 (Reuters) - Hindustan Zinc HZNC.NS, the world's third-biggest zinc producer, reported a jump in fourth-quarter profit on Friday, supported by higher production and rising prices of the metal.
The company's consolidated net profit came in at 30.03 billion rupees ($351.5 million) in the three months to March 31, up 47.4% from a year ago.
Domestic zinc prices rose about 17.5% in the quarter, according to Systematix estimates, due to higher demand from India's construction and manufacturing sectors.
Hindustan Zinc, majority owned by metals-to-oil conglomerate Vedanta VDAN.NS, previously said its March-quarter mined metal production was at a record high of 310 kilo tonnes.
The company, which commands 75% share 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 recorded a 20.6% increase in revenue, while silver, the company's second-largest business segment, registered a 24.1% growth.
($1 = 85.4350 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Varun H K)
(([email protected]; +91 8697274436;))
Indian conglomerate Vedanta seeks global partner for $20 billion expansion plan
By Sethuraman N R
April 2 (Reuters) - Indian metals-to-oil conglomerate Vedanta VDAN.NS is looking for a global company to partner with on expansion projects worth $20 billion across zinc, aluminium, copper, iron, steel, oil, gas and power, as per a tender document.
The billionaire Anil Agarwal-led conglomerate -- set to split into four entities, Vedanta Aluminium, Oil and Gas, Power, Iron and Steel -- had earmarked the funds to invest in metals and mining and hydrocarbons in the next three years.
Vedanta did not give specifics for the current tender, which was issued last week.
Its current plans include a $2 billion to $2.5 billion investment to expand subsidiary Hindustan Zinc's HZNC.NS production.
Another unit, Cairn India, has a $5 billion plan to grow its oil output by five-fold, while Vedanta's power business is aiming to double its 5-gigawatt (GW) portfolio and expand into nuclear and power distribution.
Vedanta said in February it was looking for partners to build and operate 5 GW of nuclear power for captive use in India.
(Reporting by Sethuraman NR; Editing by Savio D'Souza)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
By Sethuraman N R
April 2 (Reuters) - Indian metals-to-oil conglomerate Vedanta VDAN.NS is looking for a global company to partner with on expansion projects worth $20 billion across zinc, aluminium, copper, iron, steel, oil, gas and power, as per a tender document.
The billionaire Anil Agarwal-led conglomerate -- set to split into four entities, Vedanta Aluminium, Oil and Gas, Power, Iron and Steel -- had earmarked the funds to invest in metals and mining and hydrocarbons in the next three years.
Vedanta did not give specifics for the current tender, which was issued last week.
Its current plans include a $2 billion to $2.5 billion investment to expand subsidiary Hindustan Zinc's HZNC.NS production.
Another unit, Cairn India, has a $5 billion plan to grow its oil output by five-fold, while Vedanta's power business is aiming to double its 5-gigawatt (GW) portfolio and expand into nuclear and power distribution.
Vedanta said in February it was looking for partners to build and operate 5 GW of nuclear power for captive use in India.
(Reporting by Sethuraman NR; Editing by Savio D'Souza)
(([email protected]; (+91 9945291420); Reuters Messaging: [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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Hindustan Zinc Gets Tax Penalty Order Of 5.3 Million Rupees
Dec 24 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
GETS TAX PENALTY ORDER OF 5.3 MILLION RUPEES
Source text: ID:nNSEbG6phP
Further company coverage: HZNC.NS
(([email protected];))
Dec 24 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
GETS TAX PENALTY ORDER OF 5.3 MILLION RUPEES
Source text: ID:nNSEbG6phP
Further company coverage: HZNC.NS
(([email protected];))
Hindustan Zinc Declared As Preferred Bidder For Dugocha Gold & Associated Mineralization Block
Nov 15 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
DECLARED AS PREFERRED BIDDER FOR DUGOCHA GOLD & ASSOCIATED MINERALIZATION BLOCK
Source text: ID:nBSEbcsVck
Further company coverage: HZNC.NS
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Nov 15 (Reuters) - Hindustan Zinc Ltd HZNC.NS:
DECLARED AS PREFERRED BIDDER FOR DUGOCHA GOLD & ASSOCIATED MINERALIZATION BLOCK
Source text: ID:nBSEbcsVck
Further company coverage: HZNC.NS
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Hindustan Zinc falls on Indian government's plans to sell stake in co
** Shares of Hindustan Zinc HZNC.NS drop 7.9% to 515.7 rupees, their steepest fall since Aug 16
** Stock is top loser on the Nifty Metal Index .NIFTYMET, which is down 0.54%
** The miner says the Indian government, its largest minority shareholder, will sell a 2.5% stake in co, valuing the sale at 53.34 billion rupees (about $634 million)
** HZNC stock sees second-busiest day in a week, with over 2.7 mln shares traded
** Analysts' avg rating on stock is "sell," vs "buy" on peer Hindalco Industries HALC.NS
** Their median PT on HZNC is 400 rupees - LSEG
** Stock up 62% YTD vs an 18.5% gain in Nifty Metal Index
(Reporting by Aleef Jahan in Bengaluru)
** Shares of Hindustan Zinc HZNC.NS drop 7.9% to 515.7 rupees, their steepest fall since Aug 16
** Stock is top loser on the Nifty Metal Index .NIFTYMET, which is down 0.54%
** The miner says the Indian government, its largest minority shareholder, will sell a 2.5% stake in co, valuing the sale at 53.34 billion rupees (about $634 million)
** HZNC stock sees second-busiest day in a week, with over 2.7 mln shares traded
** Analysts' avg rating on stock is "sell," vs "buy" on peer Hindalco Industries HALC.NS
** Their median PT on HZNC is 400 rupees - LSEG
** Stock up 62% YTD vs an 18.5% gain in Nifty Metal Index
(Reporting by Aleef Jahan in Bengaluru)
Indian government to sell 2.5% stake in Hindustan Zinc for $634 mln
Recasts throughout, adds details and background
Nov 5 (Reuters) - Miner Hindustan Zinc HZNC.NS said on Tuesday the Indian government, its largest minority shareholder will sell a total 2.5% stake in the company and valued the sale at 53.34 billion rupees (about $634 million).
The Indian government, which currently holds a 29.54% stake in the company, is looking to sell 105.6 million shares at a floor price of 505 rupees apiece under the offer for sale.
The floor price is at a nearly 10% discount to Tuesday's closing price of 559.65 rupees.
The sale is scheduled for Nov. 6 and Nov. 7, the miner said.
Last month, Reuters reported that the company is discussing the possibility of splitting into two. The government had rejected a similar proposal by Hindustan Zinc in March, saying it was not convinced that such a move would boost shareholder value.
The stake sale comes months after the majority shareholder in the company, Vedanta VDAN.NS hived off a 3.3% stake in the firm for $950 million.
($1 = 84.0840 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Eileen Soreng)
(([email protected]; +918447554364;))
Recasts throughout, adds details and background
Nov 5 (Reuters) - Miner Hindustan Zinc HZNC.NS said on Tuesday the Indian government, its largest minority shareholder will sell a total 2.5% stake in the company and valued the sale at 53.34 billion rupees (about $634 million).
The Indian government, which currently holds a 29.54% stake in the company, is looking to sell 105.6 million shares at a floor price of 505 rupees apiece under the offer for sale.
The floor price is at a nearly 10% discount to Tuesday's closing price of 559.65 rupees.
The sale is scheduled for Nov. 6 and Nov. 7, the miner said.
Last month, Reuters reported that the company is discussing the possibility of splitting into two. The government had rejected a similar proposal by Hindustan Zinc in March, saying it was not convinced that such a move would boost shareholder value.
The stake sale comes months after the majority shareholder in the company, Vedanta VDAN.NS hived off a 3.3% stake in the firm for $950 million.
($1 = 84.0840 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Eileen Soreng)
(([email protected]; +918447554364;))
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What does Hindustan Zinc do?
Established in 1966, Hindustan Zinc Limited is India's largest zinc-lead miner and the world's second largest. It is the only integrated Zinc-Lead-Silver producer in India, engaged in mining, smelting, and wind energy.
Who are the competitors of Hindustan Zinc?
Hindustan Zinc major competitors are Vedanta, Lloyds Metals&Energy, NMDC, Hindustan Copper, KIOCL, Gravita India, GMDC. Market Cap of Hindustan Zinc is ₹1,75,583 Crs. While the median market cap of its peers are ₹22,952 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 7.71 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?
Hindustan Zinc is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Hindustan Zinc is 17.14, while 3 year average PE is 17.32. Also latest EV/EBITDA of Hindustan Zinc is 10.79 while 3yr average is 10.49.
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 ~4.93% over the last 8yrs while peers have grown at a median rate of 18.16%
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%.