Latest news with #HindustanZinc
Time of India
a day ago
- Business
- Time of India
Udaipur to host Vedanta Zinc City half marathon on Sept 21
Udaipur: Hindustan Zinc Limited will host the second Vedanta Zinc City Half Marathon on September 21 in Udaipur. Certified by the Association of International Marathons and Distance Races (AIMS), this globally recognised event invites runners nationwide to experience Udaipur's scenic beauty, featuring Fateh Sagar Lake and the Aravali Hills. Early bird registration, offering a 30 percent discount, is open until July 31 at Following last year's success, the marathon promotes health, fitness, and community spirit. It includes a 21km half marathon, 10km cool run, 5km dream run, and a special 'Race With Champions' for specially-abled children, emphasising inclusivity. Hindustan Zinc is engaging corporates, NGOs, and running groups to boost participation and foster partnerships. Recognised as India's Most Beautiful Marathon, the route takes runners through Udaipur's breathtaking landscape, from the tranquil expanse of Fateh Sagar Lake to the majestic Aravali ranges. Participants will experience the city's rich heritage and natural beauty at every step, making this marathon a journey through one of India's most picturesque destinations. To enhance the experience for participants, special arrangements by Anybody Can Run will be in place. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Lana Green Is Retiring - Her Final Jewelry Pieces Are 80% Off Artisan Weekly Read More Undo Hydration stations will be strategically located along the route, providing essential refreshments. Additionally, medical stations and resting spots will be available, staffed by experienced physiotherapists and doctors. Hindustan Zinc CEO Arun Misra stated, "The Vedanta Zinc City Half Marathon embodies our commitment to building healthier communities and creating opportunities that inspire collective progress. After an overwhelming response last year, we are thrilled to bring back India's Most Beautiful Marathon with an even greater vision for inclusivity and community engagement. We look forward to welcoming runners on September 21 from all walks of life to experience Udaipur's unique charm and spirit. " Udaipur, known as the Zinc City with a 2,500-year zinc mining legacy, hosts this event as part of a series, followed by the Vedanta Delhi Half Marathon in October and the Vedanta Pink City Half Marathon in Jaipur this December.
Malaysian Reserve
2 days ago
- Business
- Malaysian Reserve
Hindustan Zinc beats consensus, backed by all-time high silver prices and first quarter lowest cost of production
UDAIPUR, India, July 21, 2025 /PRNewswire/ — India-based Hindustan Zinc Limited, a Vedanta Group company and the world's largest integrated zinc producer, announced its financial results for the first quarter ended 30th June 2025 on 18th July 2025. The company registered its highest ever first quarter mined metal production of 265 KT. Also, the company clocked record quarterly alloy production from subsidiary Hindustan Zinc Alloys (HZAPL), taking overall share of value-added products to c.24%. The company registered the lowest ever first quarter zinc cost of production (COP)^ at US$ 1,010/MT, better 9% YoY. The company delivered a profit, beating estimates to US$ 261 million with an industry leading EBITDA margin of c.50%. Hindustan Zinc, amongst the top five silver producers globally, has witnessed continued significant contribution from the silver segment to profitability at c.41%. During the quarter, the company secured two critical mineral blocks, Potash in Rajasthan and Rare Earth Elements (REEs) in Uttar Pradesh. In the same period, the company's renewable energy consumption increased to c. 19%, on track to progressively achieve 70% by FY28. Along with that, Hindustan Zinc's Board approved the first phase of plans towards doubling production capacity with an investment of US$ 1.4 billion to set up a new 250 KTPA integrated smelting complex alongside similar expansion of mines & mills capacities. Historically, Hindustan Zinc has maintained investment grade rating 'AAA' and recently received ratings reaffirmation at CRISIL AAA/Stable/CRISIL A1+. Arun Misra, Chief Executive Officer, said: 'Delivering our highest-ever first quarter mined metal production at the lowest-ever zinc cost of production reflects our relentless focus on operational efficiencies and cost leadership. We have further strengthened our growth pipeline with Board approved Phase-1 of plans towards doubling the production capacity. Coupled with the addition of critical minerals blocks and rare earth elements, we are poised to transform into a multi-metal powerhouse, unlocking sustained value for our stakeholders.' USD-INR rate is 85.57^since underground transition About Hindustan Zinc Limited Hindustan Zinc Limited, a Vedanta Group company, is the world's largest integrated zinc producer and recognized as the world's most sustainable metals & mining company by the S&P Global CSA 2024. Disclaimer This release contains forward-looking statements that may differ from actual results. We undertake no obligation to update them. Photo:
Time of India
5 days ago
- Business
- Time of India
Would have taken govt nod for Hindustan Zinc fee if it was needed: Arun Misra, CEO
If Hindustan Zinc 's brand fee agreement needed an approval from the government, it would have been taken, Arun Misra, the CEO of the Vedanta-owned company said on Friday. Misra's remarks were in response to ET's query regarding US-based short seller Viceroy Research 's claim that Hindustan Zinc did not take the government's approval for its Brand Fee agreement in 2023. In its report earlier this week, Viceroy said that this would lead an 'event of default' as per the shareholder agreement with the government. Explore courses from Top Institutes in Select a Course Category Artificial Intelligence Cybersecurity Leadership Product Management Digital Marketing others Data Science Management Operations Management Design Thinking MBA MCA Technology Healthcare CXO Others healthcare Degree Data Analytics Data Science Project Management Public Policy PGDM Finance Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details "The point is about deliberation where government-nominated directors attend. It goes through a number of audits. It gets vetted by legal and then it is done in the board meeting," Misra told ET in an exclusive interaction. "The board will also ask the same question. So, had the approval been needed, it would have been taken," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo While Vedanta owns 61.84% of Hindustan Zinc, the government has a 27.92% stake in the company. The company's board also has directors nominated by the government. Earlier this week, ET had reported that these nominees are likely to ask the company about its dealings with its promoters in the aftermath of the Viceroy report. "When I opened the document, I was made to agree that it was for educational purposes-how do I take it to the board for discussion?" Misra said. He, though, acknowledged that the board meeting did have discussions related to the report. APRIL-JUNE EARNINGS Live Events The company also reported its earnings for the June quarter on Friday, and its consolidated net profit fell nearly 5% year-on-year to ₹2,234 crore. The bottomline, though, was higher than market expectations.
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Business Standard
5 days ago
- Business
- Business Standard
Hindustan Zinc's Q1 consolidated net profit drops 4.7% to ₹2,234 crore
Vedanta's subsidiary Hindustan Zinc reported a 4.7 per cent drop in its consolidated net profit to Rs 2,234 crore for the first quarter ending on June 30 (Q1) of FY26, compared with the year-ago quarter, due to lower revenue from operations. Total revenue from operations of the zinc and silver producer was down by 4.4 per cent to Rs 7,771 crore in Q1FY26 on a year-on-year (YoY) basis. Arun Misra, chief executive officer (CEO) of Hindustan Zinc, told Business Standard in an exclusive interaction that the revenue was impacted by lower production volume (down by 5 per cent on a YoY basis in the April-June quarter), lower zinc and lead prices, which was partly offset by higher silver prices and better by-product realisation. 'Our production volume was lower because primarily we had to make certain shutdowns (of furnaces or smelter operations) ahead of schedule, and that has impacted the operations. Otherwise, going forward, the shutdowns are over,' Misra said. Zinc prices were down by 7 per cent, while lead prices were down by 10 per cent, as per the London Metal Exchange (LME) in Q1FY26 on a YoY basis. In contrast, silver prices maintained an upward trend with a 17 per cent YoY increase in Q1. Sequentially, as well, Hindustan Zinc's net profit and revenue decreased by 25.6 per cent and 14.5 per cent, respectively. Meanwhile, the company's other income rose by 4.1 per cent YoY to Rs 279 crore in Q1FY26. 'Despite commodity headwinds and a weaker dollar, our focus on sustainable and efficient production enabled us to deliver a consistent EBITDA margin of around 50 per cent,' said Sandeep Modi, chief financial officer of Hindustan Zinc, in the earnings call. 'Amidst continued global uncertainties, our healthy balance sheet, structurally leaner cost base, and robust growth project pipeline position us well to deliver sustainable long-term value.' The company's profit before interest, depreciation, and tax (PBIDT) dropped by 1.8 per cent YoY to Rs 4,138 crore in Q1. In terms of mined metal production, the company recorded its highest-ever first-quarter production of 265,000 tonnes, up by 1 per cent in Q1 compared with the same quarter last year. However, its refined metal production was down to 250,000 tonnes, in line with plant availability and due to maintenance activities, according to its investor presentation. Silver, on the other hand, remains a key contributor to the company's profitability, accounting for approximately 41 per cent. 'We have prioritised the use of silver-bearing concentrate in quarter one itself, and we will continue to do so. I am very certain that we will have better silver numbers in the remaining part of the year,' Misra added.
Business Standard
5 days ago
- Business
- Business Standard
Hindustan Zinc consolidated net profit declines 4.73% in the June 2025 quarter
Sales decline 3.83% to Rs 7591.00 croreNet profit of Hindustan Zinc declined 4.73% to Rs 2234.00 crore in the quarter ended June 2025 as against Rs 2345.00 crore during the previous quarter ended June 2024. Sales declined 3.83% to Rs 7591.00 crore in the quarter ended June 2025 as against Rs 7893.00 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% -4 OPM %50.8449.99 -PBDT3898.003958.00 -2 PBT2985.003114.00 -4 NP2234.002345.00 -5 Powered by Capital Market - Live News
