Hindustan Zinc

Aug 18 (Reuters) - Hindustan Zinc Ltd HZNC.NS:

• HINDUSTAN ZINC - HINDUSTAN ZINC INCREASES RENEWABLE POWER CONSUMPTION TO 22%

• HINDUSTAN ZINC - INCREASES RENEWABLE POWER CONSUMPTION TO 22%, TARGETS 70% BY FY28

Source text: ID:nBSEKbjHz

Further company coverage: HZNC.NS

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Hindustan Zinc said Arun Misra ceased to be chief executive officer and whole-time director with effect from the close of business on July 31, upon completion of his tenure. No successor was named in the exchange filing. The company, India's largest zinc and silver producer, is midway through a 2 million tonne per annum capacity expansion, with Phase 1 projects worth ₹15,823 crore under execution. It reported revenue of ₹13,747 crore and net profit of ₹5,469 crore in the June quarter.

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Adds details and background on results and CEO appointment

July 30 (Reuters) - Indian metals-to-oil conglomerate Vedanta VDAN.NS on Thursday named Arun Misra as its chief executive officer for a one-year term starting August 1, while also reporting a 72% jump in first-quarter profit.

Misra currently heads Vedanta's subsidiary Hindustan Zinc HZNC.NS and will step down to assume the new role.

Vedanta's consolidated net profit rose to 54.73 billion rupees ($572.4 million) for the quarter ended June 30, helped by higher base metal prices.

Base metal prices strengthened in the April-June period due to a mix of supply disruptions and steady demand, while geopolitical tensions in the Middle East amplified concerns about availability and logistics.

An increase in average zinc prices in the first quarter was expected to drive growth in Vedanta's India zinc business and add to its topline, according to analysts at Emkay Global.

Spot zinc prices rose 31% on-year, while copper climbed 40%, and silver prices more than doubled, according to data included in a note by Jefferies.

Higher commodity prices typically support selling prices and margins for mining companies.

Vedanta's revenue rose 51% to 234.56 billion rupees in the quarter through June.

Revenue from the company's combined India zinc and lead segment rose nearly 50%, while the copper segment delivered a 34% increase in revenue. Its India silver segment's revenue more-than-doubled.

Vedanta's net profit margins expanded to 22% from 12% a year earlier.

The firm's cost of raw materials consumed rose 37%, pushing up total expenses by 33% to 175.58 billion rupees.

Last week, Hindustan Zinc reported profit more than doubling on strong metal prices. Earlier on Thursday, Vedanta Aluminium Metal VEDO.NS, the pure-play aluminium company formed after Vedanta's demerger, reported a more than three-fold jump in profit, boosted by higher aluminium prices.

Vedanta's shares closed 1.1% higher after the results.

($1 = 95.6175 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Ronojoy Mazumdar and Sonia Cheema)

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Hindustan Zinc reported a record quarterly net profit of ₹5,469 crore for the three months to June 2026, up 145% year-on-year, driven by higher metal prices and lower costs. Revenue rose 77% to ₹13,747 crore, while the zinc cost of production fell to a historic low of $851 per tonne. The company also declared an interim dividend of ₹11 per share. In a separate move, the board appointed former SAIL Chairman & Managing Director Amarendu Prakash as the new Chief Executive Officer, effective August 1. Amit Gupta took over as Chief Financial Officer last month. Hindustan Zinc said it would host an earnings call later on Friday to discuss the results.

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Hindustan Zinc's board appointed Amarendu Prakash as chief executive officer and whole-time director effective August 1, subject to shareholder approval. Prakash previously served as chairman and managing director of Steel Authority of India and has over three decades of experience in the steel industry. He will also sit on the company's sustainability, stakeholder relations, and project committees. The appointment was recommended by the board's nomination and remuneration committee.

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July 24 (Reuters) - India's Hindustan Zinc HZNC.NS named Amarendu Prakash as CEO-designate on Friday, while reporting that its first-quarter profit more than doubled as base and precious metal prices surged.

Prakash, former chairman and managing director at the country's top state-run steelmaker SAIL SAIL.NS, will take charge on August 1, replacing Arun Misra whose tenure ends on July 31.

Here are the details from the earnings report:

• The Vedanta VDAN.NS Group company's consolidated net profit rose to 54.69 billion rupees ($566.7 million) for the three months ended June 30, from 22.34 billion rupees a year ago.

• Net profit margin climbed to 40% from 29%.

• Spot zinc prices climbed 31%, while spot silver more than doubled, according to data from a Jefferies note.

• Silver prices rose on increased demand due to the ongoing war in Iran, and zinc prices firmed amid supply concerns.

• Hindustan Zinc's mined metal production rose 1% on-year to 268 kilotons in the quarter, while refined metal production climbed 4% to 260 kilotons.

• The firm, which commands roughly three-fourths of India's zinc market, reported a 77% rise in total revenue from operations to 137.47 billion rupees.

• The company's total expenses rose 33.2% to 67.49 billion rupees.

($1 = 96.5000 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Harikrishnan Nair)

(([email protected]; +91 8697274436;))

Repeats to additional subscribers without any changes. The opinions expressed here are those of the author, a columnist for Reuters.

By Andy Home

LONDON, July 17 (Reuters) - There really is a lot of lead around.

London Metal Exchange (LME) stocks of the battery metal jumped by 58% in the space of two days earlier this week, thanks to the warranting of 171,175 metric tons at warehouses in Singapore.

The exchange should be pleased. It reduced listing fees for smaller lead producers between April 2024 and December 2025 to "enhance liquidity" on its lead contract.

It's evidently worked.

LME lead stocks have grown to almost 500,000 tons in recent months, including large tonnages sitting in off-warrant storage.

The unloved metal has become the metallic financing tool of choice, with inventory, just about all of it, located in Singapore, rotating between warehouses in search of better rental deals.

This week's burst of warranting activity is just the latest, albeit largest, such rotation.

But where has all this metal come from? And how much more is there to come?

WAREHOUSE ROULETTE

LME lead stocks have featured large, concentrated bursts of warranting action for many months.

The underlying trade is more about warehousing arbitrage than lead market fundamentals.

A trader, in this case reportedly Trafigura, places a large amount of metal onto LME warrant, agreeing with the warehouse operator to split future rental fees paid by the new owner.

The new owner will likely waste little time cancelling the warrants to escape the rental deal and moving the metal to another warehousing company.

The resulting stock churn was once a defining feature of the LME aluminium market, but inventory of the light metal has dwindled to under 400,000 tons, including off-warrant stocks.

The game has shifted to lead.

Some of what "arrived" this week was simply transferred from off-warrant stocks. Those in Singapore fell by 34,256 tons on Monday, when the first 83,225-ton tranche of metal was put on warrant. That still left 142,598 tons of potentially warrantable metal ahead of Tuesday's second round of deliveries.

INDIAN EXPORT SURGE

Indian brands of lead accounted for 76% of total on-warrant LME inventory at the end of June. As recently as January 2023 there was zero Indian metal in the system.

Indian exports have in the intervening years increased from 151,000 tons in 2022 to 482,000 tons last year, according to the World Bureau of Metal Statistics (WBMS), which collects trade data from official customs figures.

Singapore has been a prominent destination, even though the country is hardly a hub for manufacturing lead-acid batteries, the metal's primary application.

Shipments to Singapore have exceeded 400,000 tons since the start of 2023. They peaked at 31,000 tons in November 2025, when they accounted for almost half of all India's refined lead exports.

Until last year, there were only three brands of lead registered with the LME, two produced by Hindustan Zinc HZNC.NS, a massive mine-to-refinery primary producer, and one by secondary producer Jain Resource Recycling JAIE.NS.

Another five brands representing a combined annual production capacity of 195,000 tons were added last year as part of the LME's drive to entice smaller secondary lead producers to list.

Gravita India GRAI.NS, with annual production capacity of 48,000 tons, has just become the ninth Indian lead brand to qualify for LME good-delivery status.

CHANGE OF FLOW

The growing number of Indian producers registered with the exchange raises the prospect of yet more lead flowing to LME warehouses in Singapore.

But India's trade patterns have changed tack this year.

Exports to Singapore were just 1,555 tons in April, the lowest monthly tally in a year, according to the WBMS.

China was the primary destination that month, with shipments of 8,685 tons accounting for 34% of total April exports.

This is very much a new market for Indian metal. China didn't import much refined lead at all last year and took only 500 tons from India.

But imports from India mushroomed to 57,000 tons in the first five months of this year, lifting total inflows to 132,000 tons, already the highest annual count since 2009, according to WBMS data.

Quite why China suddenly needs so much lead is not clear but while it does, it means less Indian metal is heading to LME warehouses in Singapore.

That, of course, still leaves a lot of metal churning through warehouse deals in Singapore.

The sudden appearance of so much lead has sent LME three-month metal CMPB3 tumbling to a 15-month low of $1,840 per ton this week.

Chances of a sustained recovery depend on how long China continues to divert Indian metal flows away from LME warehouses in Singapore.

(The opinions expressed here are those of Andy Home, a columnist for Reuters.)

Enjoying this column? Check out Reuters Open Interest (ROI), your essential new source for global financial commentary. Follow ROI on LinkedIn, and X.

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(Writing by Andy Home;
Editing by Marguerita Choy)

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Axis Trustee Services Limited, acting as debenture trustee, disclosed on July 7, 2026, that the encumbrance over 2.11 billion shares of Hindustan Zinc — representing 50.10% of the company’s equity — has been fully released. The encumbrance was originally created by promoter Vedanta Limited under a Debenture Trust Deed in May 2024, which included restrictive covenants requiring Vedanta to maintain at least 50.1% shareholding and control in Hindustan Zinc. The release follows the full redemption of the underlying debentures on May 14, 2026. As a result, Axis Trustee no longer holds any encumbered shares in Hindustan Zinc. The company noted in the filing that other encumbrances, including pledges and non-disposal undertakings created for separate financing arrangements, remain in place over Vedanta’s Hindustan Zinc holdings.

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By Rajendra Jadhav

MUMBAI, July 8 (Reuters) - India's restrictions on silver imports have created shortages in the world's biggest market for the precious metal, pushing premiums to their highest levels in six months despite weaker-than-usual demand.

Lower imports by India, which meets more than 80% of its silver demand through overseas purchases, could weigh on global prices XAG=, while helping narrow the country's trade deficit and ease pressure on its rupee currency.

"Silver imports have nearly come to a halt, creating a shortage in the Indian market," said Chirag Thakkar, chief executive of Amrapali Group Gujarat, a leading silver importer.

"As a result, silver is trading at a significant premium to global prices."

Silver premiums over official domestic prices surged to $6.5 per ounce this week, or more than 10% above benchmark prices, compared with discounts of as much as $5.5 an ounce in May, dealers said.

IMPORT CURBS AIM TO EASE PRESSURE ON FOREX RESERVES

India in mid-May restricted imports of silver in nearly all forms with immediate effect. In June, it further tightened the rules by adding silver grain and powder to the restricted category and requiring prior import authorisation.

Silver imports fell to 46.8 metric tons in May from 534.3 tons a year earlier, according to trade ministry data.

India's silver imports fell further in June from May, said Thakkar.

India has been trying in recent months to curb precious metals imports to ease pressure on its foreign exchange reserves and support the rupee.

As part of those efforts, the government has raised import duties on gold and silver to 15% from 6%.

After India raised import duties in May, many investors booked profits and exited silver exchange-traded funds (ETFs), said a Mumbai-based bullion dealer with a private bank.

"That released metal into the domestic market, so there wasn't an immediate shortage despite the tighter import rules. But now those supplies have dried up, and the market is feeling the pinch," the dealer said.

Silver demand in India comes from jewellery, coins, bars and industrial applications such as solar panels and electronics. In the past year, investment demand has surpassed traditional consumption, driven by growing interest in silver ETFs.

At the moment, the market is largely dependent on supplies from Hindustan Zinc HZNC.NS, the country's biggest silver producer, said a Kolkata-based dealer.

"As demand continues to recover, which has already begun, premiums are expected to move even higher," he said.

India imports silver mainly from the United Arab Emirates, Britain and China.

(Reporting by Rajendra Jadhav; Editing by Joe Bavier)

(([email protected]; Reuters Messaging: x.com/Rajendra1857))

Vedanta Limited prepaid a facility on June 17, 2026, triggering the full release of encumbrances over 2.32 billion equity shares of its subsidiary Hindustan Zinc, representing 55.04% of the target company's share capital. The encumbrance, originally created under a Facility Agreement disclosed in July 2024, was held in favour of Victory XII Pte. Ltd. The release ensures that Vedanta is no longer subject to specific ownership conditions tied to that agreement, though other existing encumbrances on the holding remain in place.

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Hindustan Zinc appointed Mr. Amarendu Prakash as Chief Executive Officer-Designate, effective June 19, 2026. The board approved the appointment on the recommendation of the Nomination and Remuneration Committee. Mr. Prakash, a former Chairman & Managing Director of SAIL, brings over three decades of experience in the steel industry, including operations, project execution, and strategic management. The appointment comes after the board had extended the tenure of the previous CEO, Arun Misra, by only two months through July 2026.

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June 19 (Reuters) - Hindustan Zinc Ltd HZNC.NS:

• HINDUSTAN ZINC - APPOINTMENT OF AMARENDU PRAKASH AS THE CHIEF EXECUTIVE OFFICER-DESIGNATE

Source text: ID:nBSE6xRfL7

Further company coverage: HZNC.NS

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June 10 (Reuters) - Hindustan Zinc Ltd HZNC.NS:

• HINDUSTAN ZINC - PARTNERS WITH SULFOZYME AGRO TO ADVANCE SUSTAINABLE METAL RECOVERY

Source text: ID:nBSE9rbW0y

Further company coverage: HZNC.NS

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** Shares of India's Hindustan Zinc HZNC.NS fall 5.41% to 571.20 rupees

** Bloomberg News reports government considering sale of up to 2% stake in co

** Report adds transaction could raise up to 50 billion rupees ($524.5 million)

** Report says sale process may be launched in June or July

** India's Ministry of Finance did not immediately respond to a Reuters request for comment

** Co top loser on the Nifty Metal .NIFTYMET index, which is down nearly 1%

** HZNC rated "hold" on average by 13 analysts; median PT at 677.50 rupees - data compiled by LSEG

** YTD, stock down about 5.9% vs Nifty Metal's nearly 18.2% rise

($1 = 95.3225 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

(([email protected];))

June 2 (Reuters) - Vedanta Ltd VDAN.NS:

• VEDANTA - ENFORCEMENT DIRECTORATE VISITS OFFICES OF VEDANTA AND HINDUSTAN ZINC

Source text: ID:nNSEb8Bq1N

Further company coverage: VDAN.NS

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May 12 (Reuters) - Hindustan Zinc Ltd HZNC.NS:

• PARTNERS WITH GROUP NIRMAL TO SET UP ZINC WIRE FACILITY AT ZINC INDUSTRIAL PARK IN RAJASTHAN

Source text: ID:nnAZN4SVOQU

Further company coverage: HZNC.NS

(([email protected];))

May 4 (Reuters) - Hindustan Zinc Ltd HZNC.NS:

• HINDUSTAN ZINC - SANDEEP MODI RESIGNS AS CHIEF FINANCIAL OFFICER

Source text: ID:nBSE71LHTc

Further company coverage: HZNC.NS

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** Hindustan Zinc HZNC.NS jumps 5.54% to 621.10 rupees; top gainer on Nifty Metal .NIFTYMET, which is up 1.45%

** Co reports 67.6% y/y jump in Q4 consol net profit, driven by higher metal prices, stronger production; revenue up 49% y/y

** BofA ("underperform"; lifts PT to 530 rupees from 520 rupees) raises FY27-28 earnings estimates by 2%-3%

** About 11.2 mln shares traded vs 30-day avg of 6.2 mln

** Stock rated "hold" on average; median PT is 653 rupees, per data compiled by LSEG

** YTD, HZNC up ~0.8%, NIFTYMET rises ~16%

(Reporting by Bipasha Dey in Bengaluru)

(([email protected];))

April 24 (Reuters) - India's Hindustan Zinc HZNC.NS posted a bigger-than-expected 67.6% jump in fourth-quarter profit on Friday, boosted by a surge in metal prices and higher production.

• The Vedanta VDAN.NS group company's consolidated net profit rose to 50.33 billion rupees ($533.91 million) for the three months ended March 31

• Analysts, on average, had expected 45.19 billion rupees, according to LSEG data.

• Hindustan Zinc is India's largest zinc producer and derives a significant share of its earnings from silver, prices of which showed sharp swings during the quarter.

• Spot silver XAG= rose 5.4% as the ongoing war in Iran triggered demand for the metal.

• Domestic demand for silver remained strong as investors continued to buy silver exchange-traded funds (ETFs).

• Benchmark zinc prices CMZN3 on the London Metal Exchange rose 3.5%.

• Revenue came in at 135.44 billion rupees ($1.44 billion), up 49% on-year.

• Analysts, on average, expected 119.64 billion rupees.

• The firm's mined metal production rose 2% on-year to 315 kilotonnes in the quarter, while refined metal production climbed 5% to 282 kilotonnes, driven by additional capacity.

• The company forecast growth capex of $500 million to 600 million for fiscal 2027, and added it expects to complete its hot acid leaching technology project at Dariba by the September 2026 quarter.

• It also declared a dividend of 11 rupees per share.

($1 = 94.2663 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru; Editing by Janane Venkatraman)

(([email protected];))

** Shares of India's Hindustan Zinc HZNC.NS up 4.2% to 586.60 rupees

** India's top refined zinc producer received mining rights for the Jhandawali – Satipura Amalgamated Potash and Halite Block of Rajasthan state

** HZNC rated "hold" by 14 analysts; median PT at 623 rupees-data compiled by LSEG

** YTD stock down 8.15%

(Reporting by Devika Nair in Bengaluru)

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April 2 (Reuters) - Hindustan Zinc Ltd HZNC.NS:

• HINDUSTAN ZINC - REPORTS RECORD QUARTERLY MINED METAL PRODUCTION OF 315 KT IN 4QFY26

• HINDUSTAN ZINC - Q4 SILVER PRODUCTION AT 176 METRIC TONNES, UP 11% QOQ

• HINDUSTAN ZINC - REPORTS RECORD QUARTERLY REFINED METAL PRODUCTION OF 282 KT IN 4QFY26, UP 5%

Source text: ID:nBSE4VGmNt

Further company coverage: HZNC.NS

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April 1 (Reuters) - Hindustan Zinc Ltd HZNC.NS:

• POWER MECH PROJECTS LTD - SECURES ORDER WORTH 1.09 BILLION RUPEES FROM HINDUSTAN ZINC LIMITED

Source text: ID:nBSE3sYPQT

Further company coverage: HZNC.NS

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March 23 (Reuters) - Hindustan Zinc Ltd HZNC.NS:

• HINDUSTAN ZINC- HINDUSTAN ZINC AND TATA STEEL PARTNER TO SCALE LOW-CARBON ZINC SOLUTIONS WITH ECOZEN

Source text: ID:nBSE179c4

Further company coverage: HZNC.NS

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March 10 (Reuters) - Hindustan Zinc Ltd HZNC.NS:

• HINDUSTAN ZINC - PARTNERS WITH CMR GREEN TECHNOLOGIES FOR ZINC ALLOY MANUFACTURING IN RAJASTHAN

Source text: ID:nNSE4C12Pr

Further company coverage: HZNC.NS

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March 9 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION LTD - SIGNS LONG TERM EXPLORATION SERVICES CONTRACT VALUED OVER 3.07 BILLION RUPEES

• SOUTH WEST PINNACLE EXPLORATION- SIGNS LONG TERM EXPLORATION SERVICES CONTRACT FROM HIND METAL EXPLORATION

Source text: ID:nBSE4Ht4jg

Further company coverage: SWPI.NS

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March 5 (Reuters) - Hindustan Zinc Ltd HZNC.NS:

• SIGNS MOU WITH VIRGINIA TECH FOR ADVANCED SILVER RECOVERY RESEARCH

Source text: ID:nBSECvPT0

Further company coverage: HZNC.NS

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Feb 23 (Reuters) - Hindustan Zinc Ltd HZNC.NS:

• SIGNS MOU WITH TRIPURA GROUP FOR ZINC PARK

Source text: ID:nNSEY4Ns4

Further company coverage: HZNC.NS

(([email protected];))

Hindustan Zinc Ltd HZNC.NS:

• HINDUSTAN ZINC - DEVELOPS ZINC-ION BATTERY PROTOTYPES FOR ENERGY STORAGE

Source text: ID:nNSEbp9qqd

Further company coverage: HZNC.NS

MUMBAI, Jan 30 (Reuters) - India's Hindustan Zinc HZNC.NS plans to raise up to 14 billion rupees ($152.34 million) through the sale of separately transferable redeemable principal part (STRPPs) bonds maturing in two and three years, three bankers said on Friday.

It will pay an annual coupon of 7.15% and has invited commitment bids for the issue later in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on January 30:

* Size includes base plus greenshoe for some issues

($1 = 91.9020 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sherry Jacob-Phillips)

(([email protected], [email protected]))

** Shares of Hindustan Zinc HZNC.NS down 1.3% at 717.6 rupees

** Co's parent company Vedanta VDAN.NS said it will sell up to a 1.59% stake in co

** Stake sale worth about 45.9 billion rupees ($500.9 million) based on Reuters calculations

** Vedanta will sell the shares at a floor price of 685 rupees, it said in an exchange filing, representing a 5.8% discount to Tuesday's closing price of 727.20 rupees

** Vedanta has sold portions of its stake in Hindustan Zinc twice in the past two years to help shore up its balance sheet

** Stock rated as "hold" on average by 14 analysts; median PT at 588 rupees, as per data compiled by LSEG

** HZNC rose nearly 38% in 2025

($1 = 91.6300 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

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