Govt planning to oppose Hindustan Zinc's proposal to buy Vedanta assets
The plan was pushed through even after government officials refused to approve it, they said, adding the government is trying to nudge Hindustan Zinc to withdraw the proposal
Centre opposes Hindustan Zinc's plan to buyout Vedanta's overseas zinc mines
The Centre is a minority shareholder with a 29.5 per cent stake in the company and has plans to divest its stake in the miner HINDUSTAN ZINC LTD. - 500188 - Clarification sought from Hindustan Zinc Ltd
The Exchange has sough Clarification from Hindustan Zinc Ltd with reference to the media report appearing on https://www.moneycontrol.com dated February 06, 2023 (Link:https://www.moneycontrol.com/news/business/markets/govt-opposes-hindustan-zincs-buyout-of-vedantas-global-zinc-assets-10015391.html) titled "Hindustan Zinc''s bet on Vedanta''s assets hits rough patch as govt opposes move".The reply is awaited.
Govt to sell some stake in Hindustan Zinc by next month: DIPAM secy
The government is likely to sell a part of its residual stake in Hindustan Zinc Ltd by next month to help it achieve the revised sell-off target of Rs 50,000 crore for the current fiscal, DIPAM Secretary Tuhin Kanta Pandey said on Thursday. For the coming fiscal, the government has lined up strategic stake sales in companies like HLL Lifecare, PDIL, Shipping Corporation and BEML to meet the similar disinvestment target set in the 2023-24 Budget. The government currently holds a 29.54 per cent stake in Hindustan Zinc or HZL. In 2002, it sold 26 per cent of HZL to the mining billionaire Anil Agarwal-led group. Vedanta group later bought 20 per cent from the market and another 18.92 per cent from the government in November 2003, raising its ownership to 64.92 per cent in HZL, which is the world's second-largest integrated Zinc producer and sixth-largest silver producer globally. The government on Wednesday lowered the disinvestment target for the current fiscal (2022-23) to Rs 50,000 Hindustan Zinc to pump in $1 bn to replace diesel-run mining vehicles
Vedanta group firm Hindustan Zinc Ltd on Tuesday said it has earmarked a USD 1 billion investment for converting its diesel-run 900-odd mining vehicles into battery-operated ones over the next five years. Hindustan Zinc is steadily switching to electric vehicles for its underground mine operations. HZL together with the Finnish technology company Normet Group Oy, has inducted battery-powered service equipment and utility vehicles into underground mining to help decarbonise and improve environmental sustainability in the mining industry, the company said in a statement. The aim of the company is to revolutionise underground mining, promote productivity, raise underground safety standards, and provide sustainable operations solutions, Hindustan Zinc CEO Arun Misra said. HINDUSTAN ZINC LTD. - 500188 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Earnings call Transcript for the Third Quarter and Nine months Ended December 31, 2022. Acquisition of Vedanta's overseas assets to help growth of Hindustan Zinc
Post $2,981 million acquisition of the mines in Africa, Hindustan Zinc's resource base doubledto 2 million tonnes HINDUSTAN ZINC LTD. - 500188 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Disclosure under Regulation 47 read with Regulation 30 of SEBI (listing Obligations and Disclosure requirements) Regulations 2015 (Copies of Newspaper Advertisement of unaudited Consolidated and Standalone Financial Results for the Third Quarter and Nine months Ended December 31, 2022 of the Company) HINDUSTAN ZINC LTD. - 500188 - Announcement Under Regulation 30 (LODR) - Updates (Shareholders Portal)
Company has created shareholders portal on its website www.hzlindia.com under tab investors where the shareholders desiring to have lower TDS deducted/ No TDS deducted from the third interim dividend amount payable to them for the financial year 2022-23, declared on January 19, 2023, shall upload the requisite documents for lower tax deduction/ No tax deduction latest by January 30, 2023 5:00 PM. Post which the same will not be considered. Link for accessing the portal: - https://shareholderportal.hzlmetals.com/ HINDUSTAN ZINC LTD. - 500188 - Announcement Under Regulation 30 (LODR) - Updates (Audio Recordings Of Earnings Call For The Third Quarter And Nine Months Ended December 31, 2022)
Audio recordings of Earnings Call for the Third quarter and nine months ended December 31, 2022