Latest news with #ArunMisra
News18
a day ago
- Business
- News18
Hindustan Zinc Declares Rs 10 Interim Dividend For FY26; Fixes Record Date
Last Updated: Hindustan Zinc Dividend: Hindustan Zinc Ltd reported a 47.3% rise in consolidated net profit at Rs 3,003 crore for the quarter ended March 2025, driven by higher income. Hindustan Zinc Dividend FY26 Hindustan Zinc Interim Dividend: Hindustan Zinc Limited, part of Vedanta Group, on Wednesday informed that the board approved the first interim dividend of Rs 10 per equity share (500 per cent) on the face value of Rs 2 per equity share for the financial year 2024-25. The record date for payment of first interim dividend is already fixed as Tuesday, June 17, 2025. Hindustan Zinc Limited's shares were trading in the red at Rs 531.95 apiece with a fall of 0.33 per cent at the time of writing. The scrip opened at Rs 539.70 apiece, against the previous day close at Rs 533.70 apiece. Hindustan Zinc Limited has a market cap of Rs 2.23 lakh crore and is part of BSE 200. '…we wish to inform you that the Board of Directors of the Company through a resolution passed by circulation on Wednesday, June 11, 2025, at 12:56 pm, have approved the first Interim Dividend of Rs. 10 per equity share i.e. 500% on face value of Rs. 2/- per equity share for the Financial Year 2025-26," the company said in the filing on June 11. Hindustan Zinc Dividend History Hindustan Zinc announced two interim dividends in the last fiscal year, with ex-dates on May 15, 2024 (Rs 10.00) and August 28, 2024 (Rs 19.00), following earlier payouts of Rs 6.00 on December 14, 2023 and Rs 7.00 on July 14, 2023. Hindustan Zinc Ltd reported a 47.3% rise in consolidated net profit at Rs 3,003 crore for the quarter ended March 2025, driven by higher income. The company had posted a net profit of Rs 2,038 crore in the same quarter last year. Its income for the January–March period rose to Rs 9,314 crore, up from Rs 7,822 crore a year ago, the company said in a BSE filing. In a statement, Hindustan Zinc said this was its 'best-ever fourth quarter profit after tax" at Rs 3,003 crore, marking a 47% year-on-year growth. CEO Arun Misra said, 'As the world's largest integrated zinc producer, we aim to meet rising domestic demand while maintaining our position as one of the lowest-cost and most resilient producers globally." First Published:
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Business Standard
18-05-2025
- Business
- Business Standard
Global consulting firms keen to back Vedanta's $20 bn expansion projects
Several global consulting firms have shown interest in implementing Vedanta Ltd's $20-billion expansion projects spanning multiple segments, and the metal major will finalise the company in the current quarter, an official said. Vedanta plans to significantly expand its operations over the next three years, as it restructures into four entities -- Vedanta Aluminium, oil and gas, power, and iron and steel. Speaking with PTI, Vedanta Ltd Executive Director Arun Misra, said that "So, we have raised a global EOI and we have got multiple interests. We are finalising partners over a couple of weeks a post-demerger, we have multiple businesses all listed and in that case, we at the group work as a private equity so that the EOI has witnessed multiple interests." When asked to name the companies which have shown interest, Misra said that "there are numerous and think of any large global consulting firms in India and the world over. They all have witnessed, they all have a realistic interest." The company will spend USD 20 billion on growth projects in metals, mining and hydrocarbons in the next three years. These projects are extensions of its existing operations. The mining firm had revised its demerger plan and decided to retain its base metal undertaking within the parent firm. The company expects to complete the demerger of its businesses by the September-end. Vedanta Chairman Anil Agarwal had earlier said the proposed demerger of the company's diverse verticals, which represent more than 15 commodities, will see it progress from asset managers to asset owners. As the company passes through the transition phase, Vedanta is focusing on consolidating and strengthening its asset base to emerge as a world leader in each of its verticals, the chairman had said. The metal giant had reported a more than two-fold jump in consolidated net profit to Rs 3,483 crore for the quarter ended March 31, 2025, driven by lower cost and higher volume. The company had posted a net profit of Rs 1,369 crore in the year-ago period. The income of the company in the January-March quarter increased to Rs 41,216 crore over Rs 36,093 crore in the year-ago period.
Economic Times
18-05-2025
- Business
- Economic Times
Several global consulting firms evince interest to implement Vedanta's USD 20-bn expansion projects
Several global consulting firms have shown interest in implementing Vedanta Ltd's USD 20-billion expansion projects spanning multiple segments, and the metal major will finalise the company in the current quarter, an official said. Vedanta plans to significantly expand its operations over the next three years, as it restructures into four entities -- Vedanta Aluminium, oil and gas, power, and iron and steel. Speaking with PTI, Vedanta Ltd Executive Director Arun Misra, said that "So, we have raised a global EOI and we have got multiple interests. We are finalising partners over a couple of weeks a post-demerger, we have multiple businesses all listed and in that case, we at the group work as a private equity so that the EOI has witnessed multiple interests." When asked to name the companies which have shown interest, Misra said that "there are numerous and think of any large global consulting firms in India and the world over. They all have witnessed, they all have a realistic interest." The company will spend USD 20 billion on growth projects in metals, mining and hydrocarbons in the next three years. These projects are extensions of its existing operations. The mining firm had revised its demerger plan and decided to retain its base metal undertaking within the parent firm. The company expects to complete the demerger of its businesses by the September-end. Vedanta Chairman Anil Agarwal had earlier said the proposed demerger of the company's diverse verticals, which represent more than 15 commodities, will see it progress from asset managers to asset owners. As the company passes through the transition phase, Vedanta is focusing on consolidating and strengthening its asset base to emerge as a world leader in each of its verticals, the chairman had said. The metal giant had reported a more than two-fold jump in consolidated net profit to Rs 3,483 crore for the quarter ended March 31, 2025, driven by lower cost and higher volume. The company had posted a net profit of Rs 1,369 crore in the year-ago period. The income of the company in the January-March quarter increased to Rs 41,216 crore over Rs 36,093 crore in the year-ago period.
Time of India
18-05-2025
- Business
- Time of India
Several global consulting firms evince interest to implement Vedanta's $20-bn expansion projects
Several global consulting firms have shown interest in implementing Vedanta Ltd 's $20-billion expansion projects spanning multiple segments, and the metal major will finalise the company in the current quarter, an official said. Vedanta plans to significantly expand its operations over the next three years, as it restructures into four entities -- Vedanta Aluminium, oil and gas, power, and iron and steel. Speaking with PTI, Vedanta Ltd Executive Director Arun Misra, said that "So, we have raised a global EOI and we have got multiple interests. We are finalising partners over a couple of weeks a post-demerger, we have multiple businesses all listed and in that case, we at the group work as a private equity so that the EOI has witnessed multiple interests." When asked to name the companies which have shown interest, Misra said that "there are numerous and think of any large global consulting firms in India and the world over. They all have witnessed, they all have a realistic interest." The company will spend $20 billion on growth projects in metals, mining and hydrocarbons in the next three years. These projects are extensions of its existing operations. The mining firm had revised its demerger plan and decided to retain its base metal undertaking within the parent firm. The company expects to complete the demerger of its businesses by the September-end. Vedanta Chairman Anil Agarwal had earlier said the proposed demerger of the company's diverse verticals, which represent more than 15 commodities, will see it progress from asset managers to asset owners. As the company passes through the transition phase, Vedanta is focusing on consolidating and strengthening its asset base to emerge as a world leader in each of its verticals, the chairman had said. The metal giant had reported a more than two-fold jump in consolidated net profit to Rs 3,483 crore for the quarter ended March 31, 2025, driven by lower cost and higher volume. The company had posted a net profit of Rs 1,369 crore in the year-ago period. The income of the company in the January-March quarter increased to Rs 41,216 crore over Rs 36,093 crore in the year-ago period.
Time of India
18-05-2025
- Business
- Time of India
Several global consulting firms evince interest to implement Vedanta's USD 20-bn expansion projects
Several global consulting firms have shown interest in implementing Vedanta Ltd 's USD 20-billion expansion projects spanning multiple segments, and the metal major will finalise the company in the current quarter, an official said. Vedanta plans to significantly expand its operations over the next three years, as it restructures into four entities -- Vedanta Aluminium, oil and gas, power, and iron and steel. Speaking with PTI, Vedanta Ltd Executive Director Arun Misra, said that "So, we have raised a global EOI and we have got multiple interests. We are finalising partners over a couple of weeks a post-demerger, we have multiple businesses all listed and in that case, we at the group work as a private equity so that the EOI has witnessed multiple interests." When asked to name the companies which have shown interest, Misra said that "there are numerous and think of any large global consulting firms in India and the world over. They all have witnessed, they all have a realistic interest." Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Berapa Biaya Implan Gigi di Indonesia? Simak Info Terbaru 2025 Implan Gigi | Cari Iklan Pelajari Undo The company will spend USD 20 billion on growth projects in metals, mining and hydrocarbons in the next three years. These projects are extensions of its existing operations. The mining firm had revised its demerger plan and decided to retain its base metal undertaking within the parent firm. Live Events The company expects to complete the demerger of its businesses by the September-end. Vedanta Chairman Anil Agarwal had earlier said the proposed demerger of the company's diverse verticals, which represent more than 15 commodities, will see it progress from asset managers to asset owners. As the company passes through the transition phase, Vedanta is focusing on consolidating and strengthening its asset base to emerge as a world leader in each of its verticals, the chairman had said. The metal giant had reported a more than two-fold jump in consolidated net profit to Rs 3,483 crore for the quarter ended March 31, 2025, driven by lower cost and higher volume. The company had posted a net profit of Rs 1,369 crore in the year-ago period. The income of the company in the January-March quarter increased to Rs 41,216 crore over Rs 36,093 crore in the year-ago period.
