HINDZINC

** 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];))

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)

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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)

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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]))

MUMBAI, March 19 (Reuters) - India's Hindustan Zinc HZNC.NS has accepted worth 5 billion rupees ($57.8 million) for the sale of bonds maturing in three years, three bankers said on Wednesday.

The company will pay an annual coupon of 7.75% and had invited bids from bankers and investors for the issue earlier in the day, they said.

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


Here is the list of deals reported so far on March 19:

*Size includes base plus greenshoe for some issues

($1 = 86.5010 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by)

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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:

*Size includes base plus greenshoe for some issues

($1 = 86.6860 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

(([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

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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

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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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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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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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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 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 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 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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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 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

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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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** 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)

(([email protected]))

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;))

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

• HINDUSTAN ZINC Q2 CONSOL NET PROFIT 23.27 BILLION RUPEES; IBES EST. 22.51 BILLION RUPEES

• HINDUSTAN ZINC Q2 CONSOL REV FROM OPS 80.04 BLN RUPEES; IBES EST. 79.99 BLN RUPEES

• HINDUSTAN ZINC - INVESTMENT OF MINIMUM 26% OF EQUITY IN SERENTICA RENEWABLE INDIA

• HINDUSTAN ZINC - EQUITY INFUSION OF 3.27 BLN RUPEES IN SERENTICA RENEWABLES

Source text for Eikon: [ID:]

Further company coverage: HZNC.NS

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

• GETS TAX PENALTY ORDER OF 74.3 MILLION RUPEES

Source text for Eikon: ID:nBSE3TD5gG

Further company coverage: HZNC.NS

(([email protected];;))

By Sethuraman N R

NEW DELHI, Oct 8 (Reuters) - Indian miner Hindustan Zinc HZNC.NS plans to transition to renewable energy to power its operations in the next five to seven years, Chairperson Priya Agarwal told Reuters on Tuesday.

"We still have a lot of captive thermal (power). It's not going to shut down tomorrow. It's going to go on for some time, but we're very committed to ensure that the transition happens successfully over time," Agarwal said at the FT Energy Transition Summit India in New Delhi.

More than 90% of the company's emissions come from thermal energy, Agarwal said. Hindustan Zinc has a captive thermal power capacity of 514 megawatt.

India is looking to lower greenhouse gas emissions and boost the share of non-fossil fuels in electricity generation. However, Prime Minister Narendra Modi's government has defended domestic reliance on coal, citing increasing energy requirements in the world's most populous country.

Hindustan Zinc is majority-owned by metals-to-oil conglomerate Vedanta Ltd VDAN.NS, which, in turn, is controlled by UK-based Vedanta Resources. The Indian government holds most of the remaining stake in Hindustan Zinc.

In May, the CEO of Vedanta Ltd's aluminium business told Reuters that the firm will no longer add coal-fired capacity.

(Reporting by Sethuraman NR; Editing by Sonia Cheema)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

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

• MINED METAL PRODUCTION IN SECOND QUARTER AT 256KT, UP 2% YOY

• REFINED METAL PRODUCTION IN SECOND QUARTER AT 262KT, HIGHER BY 8% YOY

• SALEABLE SILVER PRODUCTION AT 5.9 MOZ IN Q2, UP 2% YOY

• Q2 REFINED ZINC PRODUCTION 198KT, HIGHER BY 7% Y/Y

Source text for Eikon: ID:nBSE7FlJzH

Further company coverage: HZNC.NS

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NEW DELHI, Sept 18 (Reuters) - The Indian government, Hindustan Zinc's HZNC.NS largest shareholder, remains opposed to the miner's proposal to split into different units, a government source with direct knowledge of the matter said on Thursday.

"Hindustan Zinc has presented their case but our stand is the same that we oppose it," said the source.

(Reporting by Neha Arora in New Delhi, writing by Manvi Pant; Editing by Savio D'Souza)

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

• SUPPLIES ZINC FOR INDIA'S HEAVIEST TRANSMISSION STEEL POLE STRUCTURE

• HINDUSTAN ZINC LIMITED AND SKIPPER LIMITED PARTNER

• CO, SKIPPER PARTNER FOR INDIA'S HEAVIEST TRANSMISSION STEEL POLE STRUCTURE

Source text for Eikon: ID:nBSE742qgS

Further company coverage: HZNC.NS

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Aug 21 (Reuters) - Hindustan Zinc Ltd HZNC.NS:

• GETS TAX PENALTY OF 261.2 MILLION RUPEES

Source text for Eikon: ID:nBSE2HLMcT

Further company coverage: HZNC.NS

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** Shares of Hindustan Zinc HZNC.NS climb 3.4% to 512.60 rupees, set to snap four-session losing streak

** The zinc producer nearly doubles dividend to 19 rupees/share, totaling 80 bln rupees ($955.2 million)

** Parent co Vedanta Ltd VDAN.NS, expected to be main benefactor of the dividend payout, also up 0.5%

** HZNC shed 13.3% in last two sessions as VDAN sold stake

** Mean rating of 11 analysts is "sell", while the median PT is 348 rupees - LSEG data

** Stock up 60.5% YTD after falling 1.1% last year

($1 = 83.7530 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Hindustan Zinc HZNC.NS slides 4.6%, adding to 9% drop on Friday; stock on 4-session losing run

** Parent Vedanta Ltd VDAN.NS climbs ~2%, matching gains on Friday when it said it would exercise oversubscription option in ongoing stake sale of HZNC

** HZNC is top loser on Nifty Metal index .NIFTYMET; VDAN among top gainers

** VDAN and HZNC up ~69% and ~56% YTD respectively, metal index up ~14%

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

** Miner Hindustan Zinc's HZNC.NS shares down 7.3% to 531 rupees, their lowest since May 13; parent Vedanta Ltd VDAN.NS up 2.3%

** Vedanta VDAN.NS will sell 3.3% stake in co, bigger than initially planned 2.6% stake, via offer for sale during Aug. 16-19

** HZNC closed 1.4% lower on Wednesday

** Avg rating of 11 analysts covering the stock is "Sell;" their median PT is 348 rupees - LSEG

** Stock up 69% YTD, vs 62% gain in VDAN

(Reporting by Aleef Jahan in Bengaluru)

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