Latest news with #HZL
Time of India
4 days ago
- Business
- Time of India
Hindustan Zinc says committed to reduce freshwater consumption by 50 pc by 2030
Vedanta Group firm Hindustan Zinc Ltd (HZL) on Friday said it is committed to bring down freshwater consumption by 50 per cent by 2030 across its operations. "The company has committed to reducing its freshwater consumption by 50 per cent by 2030 across its operations from the 2020 baseline, thereby contributing to increased freshwater availability for communities within the shared watershed," HZL said in a statement. Additionally, the company has also committed to securing 100 per cent low-quality water for its smelting operations. "With our Sustainability Goals 2030, we are reinforcing our pledge to create long-term value through sustainable business practices that shape a resilient future for all," HZL Chairperson Priya Agarwal Hebbar said. Earlier this year, the company inaugurated a 4,000 kilolitres per day zero liquid discharge plant at Rampura Agucha (Rajasthan), home to the world's largest underground zinc mining operations. Live Events Hindustan Zinc Ltd has turned 3.32 times water positive. This leap from the previously certified index of 2.41 demonstrates the company's continued commitment to responsible water stewardship, the statement said. Hindustan Zinc Ltd, a Vedanta Group company, is the world's largest integrated zinc producer and is amongst the top five silver producers globally. PTI
Time of India
27-05-2025
- Business
- Time of India
Coal India, HZL among successful bidders in 5th round of critical mineral block auction
Several companies, including Coal India and Oil India, have secured critical mineral blocks. These blocks were auctioned in the fifth round. The auction included minerals like graphite and potash. Hindustan Zinc also won a rare earth element block. This marks India's first successful potash block auction. The move aims to boost domestic mining and reduce import reliance. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads State-owned Coal India NLC India and Vedanta group firm Hindustan Zinc are among the firms that have bagged critical and strategic mineral blocks under the fifth round of auction. While Coal India Ltd (CIL) has bagged a graphite and vanadium block in Chhattisgarh, Oil India Ltd emerged as a preferred bidder for potash and halite mine in potash and halite in the desert state was bagged by Hindustan Zinc Ltd( HZL ). HZL also bagged the REE (Rare Earth Element) block in Uttar Pradesh in this round of India bagged two phosphorite and limestone blocks in the state of companies which have bagged blocks in this round of auction are Sunflag Iron and Steel Co Ltd, Vinmir Resources Pvt Ltd, R K Mineral Development Pvt Ltd and Ramgad Minerals and Mining Ltd."A key milestone under tranche V is the first-ever successful auction of a Potash block by the Government of India, marking a major step towards unlocking domestic Potash resources. The move is expected to catalyse Potash mining in the country, reduce reliance on imports, and strengthen support to the agriculture sector," the mines ministry said in a milestone also marks the first-ever successful auction of a critical and strategic mineral block in fifth round of auction of critical and strategic mineral blocks which was launched on 28th January has concluded with successful auction of 10 out of 15 blocks put on auction, it 10 blocks comprise critical and strategic minerals such as graphite, phosphorite, phosphate, Rare Earth Elements (REE), vanadium, and potash and halite spread across Chhattisgarh, Karnataka, Madhya Pradesh, Odisha, Rajasthan and Uttar date, a total of 34 blocks have been successfully auctioned in five tranches out of 55 critical mineral blocks which were put for sale. Regular auction of critical mineral blocks is an important element in the strategy adopted by the mines ministry towards building self-sufficiency in critical minerals in the mines ministry is also focusing on exploration of critical minerals in the country and has launched the National Critical Mineral Mission for development of the critical mineral ecosystem in the country.
Business Upturn
21-05-2025
- Business
- Business Upturn
Hindustan Zinc wins Composite License for 308.30 hectare Balepalyam Tungsten Block in Andhra Pradesh
Hindustan Zinc Limited (HZL), a Vedanta Group company and one of the largest integrated producers of zinc-lead and silver, has received a significant boost in its strategic mineral portfolio. The Government of Andhra Pradesh has issued a Letter of Intent (LoI) to HZL for the grant of a Composite License under Rule 18(1) of the Mineral Auction Rules, 2015. This LoI follows HZL emerging as the preferred bidder in the e-auction conducted by the Ministry of Mines, Government of India, for the Balepalyam Tungsten and Associated Mineral Block. The block spans an area of approximately 308.30 hectares in the Ananthapuram District of Andhra Pradesh. Im the exchange filing, the company shared, 'We wish to inform you that the Government of Andhra Pradesh has issued Letter of Intent (LoI), under Rule 18(1) of the Mineral Auction Rules 2015, to Hindustan Zinc Limited, the preferred bidder for grant of Composite License for e-auction of Balepalyam Tungsten and Associated Mineral Block conducted by Ministry of Mines, Government of India over an extent of 308.30 Hectares in Ananthapuram District.' This development marks a key milestone in Hindustan Zinc's strategy to diversify into critical and strategic minerals, especially tungsten, which is essential for defense, aerospace, and electronics industries. The acquisition is expected to strengthen India's domestic supply chain and reduce import dependence for this critical resource. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
13-05-2025
- Business
- Time of India
Vedanta shares in focus amid critical mineral exploration, expansion plans
Vedanta shares are expected to be in focus on Tuesday, May 13, as the company is exploring critical mineral assets across key Indian states, including Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka, and Chhattisgarh. The company announced its strategic focus on expanding its mineral footprint, targeting essential resources such as copper, nickel, cobalt, chromium, vanadium, tungsten, and Platinum Grade Elements (PGEs). This initiative is aligned with India's policy thrust on mineral security, aiming to bolster the supply of critical minerals for rapidly growing sectors such as electric vehicles and renewable energy. Vedanta secured four blocks in the fourth round of the critical mineral blocks auction, with acquisitions including vanadium and graphite in Arunachal Pradesh, a polymetallic mine in Karnataka, and tungsten-related assets in Andhra Pradesh and Tamil Nadu. Additionally, Vedanta's subsidiary, Hindustan Zinc Ltd . (HZL), won a tungsten and associated minerals block in Andhra Pradesh. The company is also expanding its aluminium capacity with a $1.5 billion investment aimed at enhancing smelter operations and increasing the production of value-added products. Furthermore, Vedanta is ramping up its zinc alloy production with a 30,000-tonne per annum plant, highlighting its focus on high-margin businesses. Anil-Agarwal-led Vedanta, a subsidiary of Vedanta Resources, is a global conglomerate specializing in natural resources and technology with operations spanning India, South Africa, Liberia, and Namibia. The company's portfolio is diversified across sectors such as Oil & Gas, Zinc-Lead-Silver, Aluminium, Iron Ore, Steel, Copper, Ferro Alloys, Power, Nickel, Semiconductors, and Glass. Vedanta share price performance Over the past year, the shares of Vedanta registered a gain of 6.12%, while the year-to-date (YTD) change indicates a decline of 1.91%. The six-month period recorded a drop of 2.02%, whereas the three-month duration posted a gain of 3.31%. Meanwhile, the one-month period saw a substantial rise of 14.62%. Vedanta shares closed 6.9% higher at Rs 435.90 on the BSE on Monday. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Business Standard
12-05-2025
- Business
- Business Standard
Hindustan Zinc fertiliser plant likely to be operational by FY27: Chair
Vedanta group firm Hindustan Zinc Ltd (HZL) is likely to begin the operation of its fertilizer manufacturing plant in Rajasthan by the next financial year, company's chairperson Priya Agarwal Hebbar has said. The company is making its entry into fertilizer production by setting a 0.5 million tonnes (MT) per annum manufacturing plant at Chanderiya in Chittorgarh district of Rajasthan. "Diversification is central to our growth strategy. Last year, we commissioned a 30 KTPA zinc alloy plant, significantly expanding our value-added products (VAP) portfolio. Including alloys, VAP now contributes 22 per cent to our total business. We are also entering the fertilizer segment with a (diammonium phosphate/nitrogen, phosphorous and potassium) plant expected to become operational by FY27," she said in a recent letter to shareholders. The plant aims to support farmers' needs through production and sale of DAP fertilizer currently being imported, according to the company's Q4 investor presentation. These initiatives, she said, will diversify the company's revenue streams and enhance margins. Hebbar further said that the company's wholly-owned subsidiary Hindmetal Exploration Services is pursuing high-potential exploration blocks across the country for copper, lithium, nickel, cobalt, potash, gold and more. These minerals are critical for electric vehicles, semiconductors and clean technologies. "We will evolve from a zinc and silver company into a multi-metal, future-enabling enterprise. We are totally aligned with India's critical mineral security vision," the chairperson said. Hindustan Zinc Ltd reported a 47.3 increase in consolidated net profit at Rs 3,003 crore in the quarter ended March 2025 on the back of higher income. The company had posted a net profit of Rs 2,038 crore in the year-ago period. Income of the company during the latest January-March quarter increased to Rs 9,314 crore from Rs 7,822 crore in the year-ago period. In a statement the company said that it was its "best-ever fourth quarter profit after tax of Rs 3,003 crore, up 47 per cent Y-o-Y". (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
