Latest news with #HindustanZincLimited
The Hindu
6 days ago
- Business
- The Hindu
Vedanta declared preferred bidder for Janthakal iron ore mine in Karnataka
Vedanta Limited, a natural resources and critical minerals company, has been declared as the preferred bidder for the Janthakal iron ore mine in Chitradurga. The company emerged successful in the e-auction process conducted by the Department of State Mines and Geology. The Janthakal block spans 71.16 hectares and is categorised as a G3 level exploration site, according to a company release. The award is subject to subsequent approvals, clearances, and fulfilment of conditions laid out in the tender. During the quarter, Hindustan Zinc Limited (a Vedanta Group company) secured two critical mineral blocks, Potash in Rajasthan and Rare Earth Elements (REEs) in Uttar Pradesh, the company's release said.
Time of India
22-07-2025
- 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
21-07-2025
- 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:
Business Insider
20-07-2025
- Business
- Business Insider
Hindustan Zinc Limited (HINDZINC): New Sell Recommendation for This Basic Materials Giant
In a report released today, Raashi Chopra from Citi maintained a Sell rating on Hindustan Zinc Limited, with a price target of INR405.00. The company's shares closed last Friday at INR435.50. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Chopra is a 4-star analyst with an average return of 16.1% and a 63.64% success rate. Chopra covers the Basic Materials sector, focusing on stocks such as Hindustan Zinc Limited, ACC Limited, and Ambuja Cements Limited. Currently, the analyst consensus on Hindustan Zinc Limited is a Moderate Sell with an average price target of INR400.00.
Time of India
17-07-2025
- Business
- Time of India
Hindustan Zinc secures potash block, adds to REE and tungsten assets in critical minerals push
New Delhi: Hindustan Zinc Limited (HZL) on Wednesday said it has received a Letter of Intent (LoI) from the Ministry of Mines for a potash block located in Hanumangarh district of Rajasthan. The company secured the block under Tranche V of the Centre's e-auction process conducted in May 2025. The block spans over 1,800 hectares and is among the first potash blocks awarded in the country. This is Hindustan Zinc's third acquisition in the critical minerals segment in 2025. Earlier this month, the company had received an LoI from the Uttar Pradesh government for a Rare Earth Elements (REE) block and previously secured a Tungsten and Associated Minerals block in Andhra Pradesh. Arun Misra, CEO of Hindustan Zinc Limited, said, 'At Hindustan Zinc, we have deep expertise in strategic mineral exploration. This acquisition is in line with our strategic foray into the critical minerals segment to support the nation's mineral security goals for rapid economic growth.' Potash is a key input for the fertiliser industry, especially in the production of NPK fertilisers . India currently imports all its potash requirements from countries including Canada, Belarus, Jordan, and South Korea. The auction of the country's first potash and halite blocks is seen as a step towards reducing import dependence and supporting domestic agricultural inputs. Hindustan Zinc, a Vedanta Group company, is India's only and the world's largest integrated zinc producer. It holds around 77% share in India's primary zinc market and supplies to over 40 countries. The company is among the top five silver producers globally. Hindustan Zinc said its recent mineral acquisitions align with its strategy to build a portfolio of high-quality critical mineral assets with long-term mining potential. The company said it aims to leverage its in-house exploration and mining capabilities to develop these assets and contribute to India's goal of strengthening domestic mineral security.
