Hzl

Buoyed by robust payouts, the Centre is re-evaluating its strategy to monetise the remaining 27.94% stake in Hindustan Zinc. The Centre may explore a QIP or other routes to offload stake in tranches

Hindustan Zinc clarifies on report to dole out Rs 6,000 crore in special dividend

In a regulatory filing, the integrated producer of zinc and silver said that it is unable to comment on media speculation or rumors on the report published on Economic Times.

Exclusive: Govt likely to offload only 5-6 percent in HZL via OFS in FY24

Sebi allows non-promoter shareholders holding more than 10% to use the OFS route. Since the government holds more than 10% it has decided to opt for the OFS route to sell its stake in Hindustan Zinc.

Vedanta's Anil Agarwal recollects playing Holi in Bihar with 'very less money in pocket'

Although Anil Agarwal used the example of 'Holika dahan' as a sign of the victory of good over evil, the businessman has been experiencing troubled waters after the Centre opposed Vedanta's deal with Hindustan Zinc (HZL) to sell its international zinc assets.

Government to sell some stake in Hindustan Zinc this fiscal: DIPAM Secretary

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.

GoI to hold roadshows for Hindustan Zinc divestment by November-December: CEO

Looking at the progress of the last few weeks, I can say the government should be able to start the roadshow soon. I would expect it by the end of this quarter itself. Expect it to happen by November or early December.

Government appoints 5 merchant bankers for residual stake sale in Hindustan Zinc

The government has appointed ICICI Securities, Axis Capital, HDFC bank, Citigroup, IIFL Securities as merchant bankers for the issue

Hindustan Zinc net profit rises 56 % in June quarter

The company had posted consolidated net profit of Rs 1,983 crore in the first quarter of the previous fiscal, it said in a filing to BSE.

Supreme Court allows Centre to sell Hindustan Zinc stake, orders CBI probe in 2002 divestment

The apex court added that the government is entitled to make a decision on divestment shareholding, as long as the process is transparent and realises the best prices.

Q1 show: Pricing worry for Hindustan Zinc, but cash offers comfort

At an enterprise value to EBITDA of 6.1 times, the stock is near its long-term average

HZL plans solar power projs worth Rs 425 cr by next yr: CEO

The Vedanta Group firm has already invested 75 crore in 15 MW solar power projects.

Stake sale in HZL not a 'wise move', says Mines Ministry

Mines Ministry has told Finance Ministry that selling government's stake in Vedanta-controlled Hindustan Zinc (HZL) is not a "wise move" as it is the only firm in India controlling production of the metal, considered strategic due to its large scale industrial utility.

Hind Zinc up 3%; Macquarie & Deutsche bullish post Q2 nos

With maintaining outperform and raising target price to Rs 213 apiece (from Rs 189 earlier, implying 36 percent upside), Macquarie says the company has reported earnings 10 percent above its estimates led by strong volume and physical premiums.

Base metal industry to grow 8-10% annually: Moody's

Moody's expects profitability to increase for companies with captive raw material sources and adequate scale -- such as Hindalco Industries and HZL -- but smaller players such as Hindustan Copper and National Aluminium Company will be limited by scale and production capacity, respectively.

Exclusive: Govt keen to restart divestment drive soon

Government sources said the Finance Ministry was unlikely to push for residual stake sale in HZL and Balco without the Mines Ministry‘s approval.

HZL to invest Rs 8,000 cr in Rajasthan over next 3 yrs

Hindustan Zinc is set to invest Rs 8,000 crore in Rajasthan over the next three years. A subsidiary of Vedanta Resources, HZL, will invest Rs 6,600 crore in mining and Rs 1,400 crore in Greenfield fertiliser plant. The company has close to Rs 30,000 crore cash in books.

Buy Hindustan Zinc; target of Rs 193: Emkay

Brokerage house Emkay Global Financial Services is bullish on Hindustan Zinc and has recommended buy rating on the stock with a target price of Rs 193 in its research report.

Vedanta chief Anil Agarwal meets FM Arun Jaitley

Emerging from an around 20-minute meeting, billionaire Agarwal dubbed it as a "courtesy call", but sources said they discussed the residual stake sale issue in the two erstwhile state-run firms.

IMG decides HZL valuation will be kept 'sufficiently high'

IMG noted that the CBI has registered a preliminary enquiry against the first disinvestment that had taken place on November 6, 2013

CCEA approves sale of government's residual stake in HZL

The government sold a majority stake in the nation's largest zinc maker to Anil Agarwal-led Vedanta Resources in 2002. It continues to hold a 29.5 per cent stake in the company, which Vedanta sought to acquire.

Buy Hindustan Zinc; target of Rs 154: Angel Broking

Brokerage house Angel Broking is bullish on Hindustan Zinc (HZL) and has recommended 'Buy' rating on the stock with a target price of Rs 154 in its research report dated January 20, 2014.

Govt to sell HZL stake through auction route

In this year's Budget, government had set a target of raising about Rs 55,000 crore from disinvestment. Of this, Rs 40,000 crore was estimated to come through part-sale of stake in public sector firms and Rs 15,000 crore from selling residual stakes that government holds in some firms, including Hindustan Zinc and Balco.

CBI registers preliminary enquiry in Hind Zinc stake sale

Hindustan Zinc Limited (HZL) was incorporated after the erstwhile Metal Corporation of India was nationalised through the Metal Corporation (Nationalisation and Miscellaneous Provisions) Act, 1976 via the Parliament.

HZL stake sale may be delayed; FinMin seeks more time

The finance ministry has sought more time to finalise its views on the proposed stake sale in Hindustan Zinc, thereby indicating a further delay.

Govt wasting time on HZL, Balco stake sale: Anil Agarwal

Finance ministry is very keen that the stake sale does indeed take place, mines ministry is still insisting that the Metal Corporation Act would have to be amended. Even in a cabinet note that it had prepared the mines ministry is sticking to its stance over there.