Hindustan Zinc Ltd

(HINDZINC)

Opposition Grows Against Hindustan Zinc Mining Project - 20 Nov, 2024

Villagers and political leaders in Tamil Nadu are opposing Hindustan Zinc Ltd's proposed tungsten mining project, citing concerns for biodiversity in the region. The company has acquired 2,015 hectares for the project through a government auction.

Hindustan Zinc Secures Gold Mine Bid in Rajasthan - 18 Nov, 2024

Hindustan Zinc has been declared the preferred bidder for the Dugocha Gold Block in Rajasthan, securing a composite license through state auctions. This acquisition strengthens its precious metals portfolio and is expected to create significant employment opportunities in the region.

Hindustan Zinc Expands with Gold Mining License - 17 Nov, 2024

Hindustan Zinc, a Vedanta Group company, plans a USD 2 billion investment to double production capacity and has secured a gold mining block in Rajasthan.

Hindustan Zinc Secures Gold Mining License in Rajasthan - 16 Nov, 2024

Hindustan Zinc has been declared the preferred bidder for the Dugocha Gold Block in Rajasthan, securing a composite license to enhance its precious metals portfolio. This strategic acquisition is expected to generate significant employment opportunities and align with the company's long-term growth strategy.

Hindustan Zinc Secures Gold Block in Rajasthan - 15 Nov, 2024

Hindustan Zinc has emerged as the preferred bidder for the Dugocha Gold Block in Rajasthan, securing a composite license. This acquisition enhances its precious metals portfolio and is expected to create significant employment and investment opportunities in the region.

Hindustan Zinc Stock Rises, Market Cap Increases - 14 Nov, 2024

Hindustan Zinc Limited's stock rose by 2.10% today, closing at ₹495.90, resulting in a market cap increase of ₹4,317.55 crore to approximately ₹2,09,533.57 crore.

Vedanta's Bid for Hindustan Zinc Stake Rejected - 13 Nov, 2024

The Indian government has denied Vedanta's bid to purchase a 30% stake in Hindustan Zinc, where Vedanta already holds a 63% majority. The government continues to reduce its stake, having sold 2.5% recently, generating nearly ₹3,500 crore.

Government Raises Rs 3,449 Crore from HZL Stake Sale - 11 Nov, 2024

The government successfully raised Rs 3,449 crore through an offer-for-sale (OFS) of a 1.6% stake in Hindustan Zinc Ltd, enhancing its disinvestment efforts.

Government Raises Rs 3,449 Crore from Hindustan Zinc - 10 Nov, 2024

The Indian government successfully raised Rs 3,449 crore by selling a 1.6% stake in Hindustan Zinc Ltd through a two-day offer-for-sale, enhancing its disinvestment efforts.

Hindustan Zinc Secures Tungsten Mining Blocks - 08 Nov, 2024

Hindustan Zinc Limited, a subsidiary of Vedanta, has been awarded the Balepalyam Tungsten Block in Andhra Pradesh and the Nayakkarpatti Tungsten Block in Tamil Nadu, with premiums of 6.55% and 5.05%, respectively.

Hindustan Zinc's OFS Concludes Amid Strategic Wins - 07 Nov, 2024

Hindustan Zinc declared preferred bidder for tungsten blocks, while its Offer for Sale was over-subscribed. The stock ended lower after the OFS concluded.

Hindustan Zinc Faces Stake Sale and Oversubscription - 06 Nov, 2024

Hindustan Zinc shares dropped 8% following the government's announcement of a 2.5% stake sale. The offer-for-sale was oversubscribed, attracting bids worth Rs 3,400 crore.

Government to Divest Stake in Hindustan Zinc - 05 Nov, 2024

The Indian government will sell up to 2.5% stake in Hindustan Zinc through an Offer for Sale starting November 6, 2024, at ₹505 per share.

Hindustan Zinc Shares Decline Significantly - 04 Nov, 2024

Hindustan Zinc Limited's stock fell by 5.75% to ₹526.15, resulting in a market cap loss of ₹12,772 crore amid volatile trading conditions influenced by commodity price fluctuations.

Hindustan Zinc Shares Surge on Debt Reduction Plans - 29 Oct, 2024

Hindustan Zinc shares rose 2.52% after announcing plans to reduce debt by a third to ₹2,000 crore by March 2025, supported by strong cash flows and solid performance expectations. The company generated ₹7,000 crore in free cash flow in H1 FY25 and maintained a robust capital expenditure guidance.

Hindustan Zinc Plans Major Capacity Expansion Investment - 28 Oct, 2024

Hindustan Zinc Ltd intends to invest up to $2 billion to double its production capacity to 2 million tonnes over the next few years, targeting incremental increases and seeking mining partners.

Hindustan Zinc Announces $2 Billion Expansion Plans - 27 Oct, 2024

Hindustan Zinc, under Vedanta Group, aims to invest up to $2 billion to double its production capacity to 2 million tonnes by 2027. The company reported a 34.5% rise in net profit for Q2 FY2024, reaching ₹2,327 crore, driven by increased income.

Hindustan Zinc's Demerger Plan to Unlock Value - 26 Oct, 2024

Hindustan Zinc's CEO, Arun Misra, emphasizes that the proposed demerger into separate entities for zinc and silver will enhance value amid rising silver prices. The company remains optimistic about silver's contribution to profits and aims for long-term growth. Discussions with the Mines Ministry are ongoing, and the market capitalization has increased significantly, indicating potential for further value unlocking.

Hindustan Zinc Projected for Significant Growth - 25 Oct, 2024

A report from Venturas indicates Hindustan Zinc could see a 34% upside in the next 24 months, with revenue growth and strong margins projected by FY27.

Ventura Securities Issues BUY Rating for Hindustan Zinc - 24 Oct, 2024

Hindustan Zinc Ltd is experiencing positive momentum, with a BUY rating from Ventura Securities. Revenue is projected to grow significantly, alongside improved profit margins through FY27.