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FORGOTTEN HISTORY: 2 - Caught on Camera

Anil Agarwal bets $20 billion on aluminium, steel, and zinc, and says Vedanta is only getting started

Vedanta Group Chairman Anil Agarwal announced a $20 billion capital expenditure plan over three years, aiming to triple group businesses. The ambitious expansion targets aluminium, steel, power, and zinc, driven by strong demand and raw material backing. Agarwal emphasized building for India's growth, not consolidating, with steel identified as a…

The Economic Times

Vedanta listing: How billionaire Anil Agarwal's 'Fantastic 5' unlocked Rs 63,500 crore value with mega demerger

Vedanta’s long-awaited demerger culminated with the listing of four newly spun-off businesses, triggering a sharp market re-rating and unlocking about Rs 63,500 crore in shareholder value. Since the demerger’s April 29 ex-date, investors have gained roughly 22.5%, with the combined market capitalization of the five standalone entities rising from Rs…

The Economic Times

Stocks in news: Lenskart, PFC, RIL, Hindustan Zinc, Tata Consumer

Indian markets saw volatile trading on Wednesday, closing slightly down. Lenskart, PFC, RIL, Hindustan Zinc, and Tata Consumer are in focus. ADIA plans to sell Lenskart shares. Tata Consumer targets over 20% EBITDA margin. Reliance Industries subsidiary will redevelop a Mumbai slum. REC Ltd will merge with Power Finance Corporation.…

The Economic Times

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Hindustan Zinc signs pact with Sulfozyme Agro to advance sustainable metal recovery

Hindustan Zinc has partnered with Sulfozyme Agro India. This collaboration aims to boost sustainable metal recovery. Sulfozyme Agro will operate at Hindustan Zinc's Zinc Industrial Park. They will process zinc materials into value-added products. Hindustan Zinc will provide raw material support. This initiative strengthens the MSME ecosystem in Rajasthan. It…

The Economic Times

Hindustan Zinc shares tumble 5% to 6-week low after report of govt's plan to sell 2% stake for Rs 5,000 crore

Hindustan Zinc shares fell sharply on Friday after a report said the government may sell up to a 2% stake in the company to raise around Rs 5,000 crore. The proposed divestment comes amid broader disinvestment efforts, with recent stake sales in Coal India and NHPC.

The Economic Times

Vedanta demerger: How will the mega restructuring impact dividend payouts for shareholders?

Vedanta has completed a major demerger, splitting into four new companies. Investors are now assessing how this restructuring will affect the company's tradition of consistent dividend payouts. While Vedanta is expected to remain a dividend-paying entity, the absolute dividend per share may decrease. Shareholders will need to evaluate each demerged…

The Economic Times

Vedanta says no penalty, restrictions imposed after ED searches

India's financial crime-fighting agency searched Vedanta group locations. The company stated no penalty or restriction has been imposed. Vedanta is cooperating with the foreign exchange law probe. Operations and financial activities remain unaffected. The searches were conducted in connection with a probe.

The Economic Times

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Vedanta, Hindustan Zinc shares fall after metals giant confirms ED visits to offices

Vedanta and Hindustan Zinc shares dipped after the Enforcement Directorate visited some of their offices as part of a FEMA probe. The companies confirmed the visits and stated they are fully cooperating with the authorities. This news comes after Vedanta's recent demerger and a positive rating upgrade from ICRA.

The Economic Times

Stocks in news: Alkem Labs, Vedanta, Canara Bank, NHPC, Adani Ports

Markets closed higher on weekly expiry day despite volatility, with Nifty showing signs of recovery but facing resistance around 23,800-24,000. Key stocks like Alkem Labs, Vedanta, Canara Bank, NHPC, and Adani Ports are in focus due to significant corporate developments including block deals, ED visits, capital raising plans, oversubscribed OFS,…

The Economic Times

Hindustan Zinc shares crack 7% in two sessions. What’s behind the sharp slide?

Hindustan Zinc shares fell as silver prices crashed sharply on Multi Commodity Exchange of India. MCX silver plunged over Rs 5,000 per kg in a day and has corrected nearly 13% from recent highs following the government’s import duty hike, amid rising Iran war tensions and fading hopes of a…

The Economic Times

Hindustan Zinc to roll out AI-driven solutions across mining, manufacturing operations

Hindustan Zinc Limited is set to generate two thousand crore rupees in value. This will be achieved by implementing artificial intelligence solutions across its mining and manufacturing operations. The company is collaborating with deep tech startups to enhance production and optimize costs. This strategic move aims to drive smart manufacturing…

The Economic Times

Vedanta, Hindalco, other metal stocks rally up to 11% in one week. Should you buy or wait? Here's what analysts say

Metal stocks are experiencing a strong rally. Shares of Adani Enterprises, Hindalco Industries, and Vedanta have surged. Analysts recommend patience. Investors should buy on dips rather than chase momentum. Several factors are driving this surge, including government import duty hikes on gold and silver. Strong industrial demand and supply disruptions…

The Economic Times

Hindustan Zinc shares surge 5% as silver prices near Rs 3 lakh/kg after import duty hike; Vedanta shares jump 4%

Government has raised import duties on gold and silver to 15 percent. This move has caused precious metal prices to surge. Hindustan Zinc and Vedanta shares saw significant jumps following the announcement. The government aims to curb imports and stabilize the rupee. Hindustan Zinc, India's largest silver producer, is expected…

The Economic Times

Hindustan Zinc signs MoU with Group Nirmal to set up wire manufacturing unit in Rajasthan

Hindustan Zinc is partnering with Group Nirmal to build a new zinc wire manufacturing facility in Rajasthan. This unit will produce high-grade zinc wire for key industries like infrastructure and automotive. The collaboration aims to boost domestic zinc manufacturing and support high-value industrial applications.

The Economic Times

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The Times of India

Rajasthan Cricket Association, HZL sign MoU for construction of new Jaipur stadium

JAIPUR: Taking a major leap forward towards speeding up the construction of the new cricket stadium near Chonp village in Jaipur, Rajasthan Cricket Association (RCA) signed an MoU with Vedanta's Hindustan Zinc Limited (HZL) for the first phase development at the SMS Stadium here on Thursday. HZL will invest 300…

The Times of India

Cabinet clears sale of govt's 29.58% stake in Hindustan Zinc valued at Rs 38,000 crore

NEW DELHI: The Union Cabinet on Wednesday approved the sale of the government's residual 29.58 per cent stake in Hindustan Zinc, which at current prices would fetch over Rs 38,000 crore to the exchequer, sources said.

The Times of India

‘After disinvestment, Hindustan Zinc has met objectives of serving national interest’

UDAIPUR: After 20 years of Hindustan Zinc’s disinvestment, the largest zinc, lead, and silver producer has grown nine times, serving the na tional interest of mineral security. In an interview to TOI, Arun Misra, chief executive of the metal major, sai d that they are meeting 80% of zinc, 100%…

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