Irregular periods, fertility issues: It could be because of excess Zinc in the body
Excessive Zinc intake, particularly from supplements, can disrupt reproductive health by interfering with mineral balance and hormone regulation. It could lead to irregular periods and cause fertility issues. Key Points
India TodayWomen's health: Why Zinc is necessary in diet
Known for building immunity, Zinc should be an essential part of a woman's diet. While the good news is that we only need it in small amounts, the bad news is that its deficiency can have serious implications. Key Points
India TodayHindustan Zinc expects positive feedback from govt on co rejig by next quarter
The companys board had on September 29, proposed a corporate restructuring to create three separate legal entities for Zinc and lead, silver, and recycling business. The move, meant to unlock potential shareholder value, is in line with its parent Vedantas plans to create separately listed entities for aluminium, oil and gas, iron ore and steel. Key Points
Economic TimesZinc International deal with Vedanta off the table; Indian demand offsets global demand dip: HZL CEO
Arun Misra, CEO of Hindustan Zinc, stated that there is currently no proposal for the board to consider the decision made at the annual general meeting. He also mentioned that while global demand for Zinc has been slow, the Indian market remains strong. Misra expects Zinc prices to remain range-bound between $2400 and $2600 per ton for the next few months. Despite the concerns, Hindustan Zinc remains profitable and cash-generating with an EBITDA level of 46%. Misra also commented on the government's divestment plans, suggesting that small tranches would be more feasible for the market to absorb. Key Points
Economic TimesIndia's Hindustan Zinc to spin off commodities into separate companies
Hindustan Zinc (HZNC.NS) on Friday said it plans to create separate entities for its zinc, lead, silver and recycling businesses to unlock "potential value" and will appoint external advisors to review its corporate structure. Key Points
Reuters
Indian miner Hindustan Zinc's Q1 profit falls on weak zinc, lead prices
Indian miner Hindustan Zinc (HZNC.NS) on Friday reported a fall in first-quarter profit, dragged by weak Zinc and lead prices, and despite reduced expenses and tax burden. Key Points
ReutersGovt may delay Hindustan Zinc share sale: Report
The Indian government may postpone its plans to sell its stake in Hindustan Zinc until a turnaround in the industry's fortunes, following advice from merchant bankers, two government sources told Reuters. The government though, still hopes to push through the long-delayed sale this financial year, one of the sources said. Key Points
Economic TimesIndian govt may delay Hindustan Zinc share sale - sources
The Indian government may postpone its plans to sell its stake in Hindustan Zinc (HZNC.NS) until a turnaround in the industry's fortunes, following advice from merchant bankers, two government sources told Reuters. Key Points
ReutersHindustan Zinc's all-cash bid for Vedanta's assets lapses: sources
Hindustan Zinc Ltd's $2.98bn cash bid to acquire certain Zinc assets from Vedanta Group has lapsed as Indian rules prevent listed companies from taking longer than three months to get approval from minority shareholders, which Hindustan Zinc failed to do. The Indian Government opposed the deal, saying that it was a related party transaction” and discouraged the deal from being funded by cash reserves. Key Points
Economic TimesHindustan Zinc CEO on decline in cost of production, margin & Zinc International deal
Hindustan Zinc CEO, Arun Misra, has stated that despite the Zinc International deal missing its April deadline, discussions are ongoing and he expects the deal to be completed before the end of the year. Misra also highlighted several factors that are expected to drive cost reductions, including increased availability of domestic coal and digitalisation projects. Key Points
Economic Times
HZL expects production costs to reduce in FY24
We have been using domestic coal from India as an offset against high-priced imported coal, Misra said. Even though we are designed for 30% consumption of domestic coal, we were earlier getting about 4-5%. This has started increasing, and we now see it at 17-20% annually. Key Points
Economic TimesHindustan Zinc has not shelved plans to acquire Vedanta’s overseas mines: Arun Misra
Hindustan Zinc, the country’s largest Zinc miner, has not shelved plans to acquire overseas mines of its parent company, Vedanta. In fact, it continues to explore “alternative mechanisms”, says Arun Misra, CEO, Hindustan Zinc Ltd. Key Points
The HinduHindustan Zinc's Rs 11,000 crore dividend to offer relief for Vedanta. But at what cost?
The dividend payout is crucial to Vedanta Resources amid concerns over its ability to meet upcoming debt maturities. Rating agencies have flagged its ability to raise funding in times of liquidity crunch and capital-starved market. Key Points
Economic TimesHindustan Zinc’s $1.3 billion dividend raises cash use worry
The Rajasthan-based miner will pay an interim dividend of 26 rupees per share totaling 109.9 billion rupees, according to an exchange filing Tuesday. Key beneficiaries will be Agarwals Vedanta Ltd., which owns about 65% of Hindustan Zinc, and the Indian government that holds around 30%. London-based Vedanta Resources Ltd. is the ultimate holding company. Key Points
Economic TimesVedanta's Debt-Cut Plan At Risk As India Opposes $3 Billion Asset Sale
Vedanta Resources' efforts to manage its debt load were dealt a blow after the government opposed the mining conglomerate's proposed $2.98 billion deal to move certain Zinc assets from its flagship company to another in which it is a majority shareholder. Key Points
NDTV.com
Govt writes to Sebi opposing Hindustan Zinc-Vedanta deal: Report
The board of Hindustan Zinc (HZL) - in which the government is the largest minority shareholder with a 29.54% stake - had in January approved buying Vedanta Group's Zinc businesses in cash for $2.98 billion. Key Points
India TodayHindustan Zinc board okays fourth interim dividend for FY23
Earlier in February, the Indian government opposed HZL’s planned $2.98 billion acquisition of Zinc assets from Vedanta over concerns of valuations and the deal being a “related party transaction”. Key Points
FinancialexpressVedanta Resources prepays loans, plans to raise up to $1 billion
Vedanta Resources has been exploring ways to raise funds to meet upcoming debt maturities, after Indian government's nominees on group company Hindustan Zinc's board objected to a $2.98 billion cash deal to purchase Vedanta's Zinc assets. Vedanta Resources has mandated Cantor Fitzgerald to syndicate a $2 billion loan to service short-term maturities, ET reported on February 16. Key Points
Economic TimesHindustan Zinc gets ₹91 crore GST demand, Company plans legal challenge, HZL stocks in green
Hindustan Zinc Limited received around ₹92 crore demand for Goods and Services Tax (GST) on statutory levies. HZL plans to challenge this order in court, citing a similar successful case from the previous year. Key Points
mintVedanta looks to raise up to $1 billion from credit funds
THL Zinc Ventures, a wholly owned subsidiary of India-listed Vedanta Ltd (VDL), is negotiating with global lenders including JP Morgan, Barclays, Standard Chartered Bank and Deutsche Bank to lower their asking rate. The loan - talks with banks started a month back - was expected to be raised at the secured overnight financing rate or SOFR+500 bps. The lenders have given a term sheet at SOFR+800 bps for the 3-3.5-year loan, said the people cited above. SOFR is currently at 4.55%. Key Points
Economic Times
Hindustan Zinc shares surge over 5% today. Here’s why
Shares of Hindustan Zinc rose as much as 5.5 per cent in early trade after an announcement by the company. Key Points
India TodayVedanta pledges nearly entire 64.92% stake in Hindustan Zinc
Vedanta, owned by Anil Agarwal, has pledged almost all of its holdings in Hindustan Zinc as collateral for loans. The company created a pledge on 13.94 crore shares or 3.3% of the total equity. This was the third instance during this financial year when the multinational mining company pledged its shares in Hindustan Zinc. Vedanta and Hindustan Zinc have reported a drop in their January-March quarter net profit. While Vedanta shares were trading higher, Hindustan Zinc shares were trading lower on the NSE. Key Points
Economic TimesHindustan Zinc Q3 Results: Profit falls 6% YoY to Rs 2,028 crore
Revenue from operations too declined 7% year-on-year to Rs 7,067 crore in the said third quarter. On a sequential basis, net profit jumped 17% from Rs 1,729 crore reported in the preceding quarter, while revenues were up 8% quarter-on-quarter. Key Points
Economic TimesArun Misra appointed as Executive Director of Vedanta
Misra was appointed as Deputy CEO, HZL in November 2019 and was elevated to CEO and Whole-Time Director of HZL in August 2020. Since June 2022, he has also been managing the operations and growth of Vedanta Zinc International, which has mines and concentrators in South Africa. Key Points
Economic TimesGovernment plans investor roadshows for HZL disinvestment this month
Government is likely to begin international roadshows starting with the US this month for the sale of its residual 29.54 per cent stake in erstwhile public sector company Hindustan Zinc Ltd (HZL), an official said. The government had decided to exit the Zinc maker last year but the plan hit a roadblock because of the firm's owner, billionaire Anil Agarwal's Vedanta Ltd proposal. Vedanta wanted to sell its global Zinc assets to HZL in a move that many analysts saw as an attempt to tap into the erstwhile state-run firm's huge cash pile. Key Points
Economic Times
Hindustan Zinc to submit demerger proposal to board in 4-6 weeks
Hindustan Zinc Ltd is planning to propose a demerger to its board within the next four to six weeks. The company's board had previously directed it to explore a corporate restructuring to create three separate entities for its lead and zinc, silver, and recycling businesses. The formation of these companies and the distribution of cash and debt will be based on recommendations from consultants. Hindustan Zinc hopes that the demerger will boost its valuations and unlock shareholder value. Key Points
Economic TimesHindustan Zinc Q4 Results: Net profit falls 12% YoY to Rs 2,583 crore
The company reports a 4% fall in revenue to Rs 8,281 crore due to lower zinc, lead and silver prices. It achieves a record PAT of Rs 10,511 crore for the year and an increase in revenue of 16%. Hindustan Zinc has approved Sandeep Modi as its new chief financial officer, effective 21 April. Key Points
Economic TimesAnil Agarwal-led Hindustan Zinc declares interim dividend of Rs 7 per share, Vedanta to get Rs 1,920 cr
This is the first dividend payout by the Vedanta subsidiary in fiscal FY2024. Hindustan Zinc declared a dividend of a total of Rs 75.5 in the financial year 2023. Key Points
Business TodayIndia's Vedanta posts 41% slump in Q1 profit on soft metal prices
Indian metals-to-oil conglomerate Vedanta (VDAN.NS) reported a 40.8% plunge in first-quarter profit on Friday, as weak commodity prices outweighed a slight increase in production and sales for metals like aluminium. Key Points
ReutersVedanta resources looks at refinancing, brand monetisation for debt repayments
To help tide over the repayment requirement, the percentage of royalty from Indian listed entity Vedanta Limited has increased from 2% to 3% starting this year. Also, Vedana Resources Ltd. (VRL) had informed investors earlier this month that it has entered into a similar royalty agreement with Hindustan Zinc and fixed the royalty percentage at 1.7%. Key Points
Economic Times
Hindustan Zinc shares jump 5% after board okays fourth interim dividend of Rs 26 for FY23; Vedanta, LIC gain
Hindustan Zinc board approved a fourth interim dividend of Rs 26 per share for FY23, amounting to Rs 10,985.83 crore, with March 29 as the record date. Key Points
FinancialexpressHindustan Zinc declares Rs 7 per share dividend. Parent Vedanta to get Rs 1920 crore
The returns given by Hindustan Zinc shares over the last 12 months stand at near 33% according to Trendlyne data which is higher from the returns given by Nifty50 during this time. The latter has given returns of 20%, Trendlyne data suggested. Key Points
Economic TimesWrit in stone: Do you know India’s geoheritage sites of Jhamarkotra and Zawar?
In Rajasthan, one site hosts a 1.8-billion-year-old fossil park and another is the world’s oldest zinc-smelting site — and they are in need of better protection. Key Points
The HinduAnil Agarwal - Vedanta's daring dreamer founder - presses on with plan to raise oil, Zinc output
Anil Agarwal plans to expand the companys production of oil, gas, metals such as Zinc and aluminium, and foray into semiconductor manufacturing. Vedanta aims to triple its production of Zinc to around 3 million tonnes from assets in India and South Africa whilst also targeting production of 500,000 barrels of oil equivalent gas per day by 2027. Key Points
Economic TimesHindustan Zinc keen to participate in lithium auctions: CEO Arun Mishra
Lithium reserves of about 5.9 million tonnes have been identified in Salal-Haimna areas of Reasi district in Jammu and Kashmir (J&K) for the first time in India. Auctions of the said reserves are likely to be held in December. The J&K administration is also in the process of appointing a transaction advisor. Key Points
Economic Times
Anil Agarwal’s Vedanta seeks cash with $500 million bond maturing
Agarwal’s Vedanta Resources Ltd. is relying heavily on money from its units to reduce its debt load after it failed to generate $3 billion via the sale of a Zinc mining unit to Hindustan Zinc Ltd. Key Points
FinancialexpressTycoon Anil Agarwal claims to turn Vedanta a zero-debt company amid investor sell-off, increased scrutiny
“Everybody wants to finance us,” Agarwal told the Financial Times in an interview, citing Indian banks and “American funds”, which he declined to name. Vedanta was in talks with JPMorgan and other banks for a $1 billion loan, with an interest rate of 8%-10%, he added. Vedanta borrowed $400 million from Howard Marks Oaktree Capital Group in 2020. Key Points
Economic Times