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New Delhi, <keyword id="20108985" type="General" weightage="20" keywordseo="hindustan-zinc" source="keywords">Hindustan Zinc</keyword> Ltd (<keyword id="20256739" type="General" weightage="20" keywordseo="hzl" source="keywords">HZL</keyword>) on Friday posted a 6 per cent decline in consolidated net profit to Rs 2,028 crore during the quarter ended December 2023, dragged by lower income. It had clocked Rs 2,156 crore net profit during the October-December period of the preceding 2022-23 fiscal, the company said in an exchange filing. On a quarter-on-quarter (q-o-q) basis, the company's profit grew 17 per cent as against Rs 1,729 crore in the July-September quarter. During the quarter under review, the company's total income reduced to Rs 7,606 crore from Rs 8,214 crore a year ago. Its expenses were Rs 4,937 crore as against Rs 5,028 crore in the year-ago period. On the company's efforts to reduce carbon emissions, Arun Misra, Chief Executive Officer of HZL, said: "Hindustan Zinc has initiated the deployment of electric and LNG vehicles in its operations for inter-unit movements and finished goods transportation, thereby reducing the scope 3 emissions." Its CFO Sandeep Modi said, the performance "marks the company's fourth consecutive quarter of consistent cost improvement and the lowest cost in the last 10 quarters. We continue to remain focused on cost optimisation, operational efficiencies, working capital management, digital improvements and shareholder value maximisation." HZL's production of mined metal in the quarter rose 8 per cent to 271 kilo tonne (kt) sequentially and 7 per cent up year-on-year (y-o-y), driven by higher ore production at Rampura Agucha and <keyword id="20256741" type="General" weightage="20" keywordseo="sindesar-khurd" source="keywords">Sindesar Khurd</keyword> mines. In the quarter under review, its refined metal production grew 7 per cent to 259 kt sequentially and 1 per cent higher y-o-y. Integrated zinc production in the quarter increased 10 per cent to 203 kt sequentially and declined 4 per cent y-o-y. In the December quarter, production of refined lead fell 1 per cent to 56 kt sequentially but grew 21 per cent y-o-y. Its saleable silver production in the quarter was 197 MT (metric tonne), up 9 per cent q-o-q and 22 per cent y-o-y. <keyword id="20006961" type="General" weightage="20" keywordseo="sharing" source="keywords">Sharing</keyword> an update on the projects, HZL said its fumer and alloy plants are currently under operation after their commissioning in the last quarter, while a new roaster at Debari of 160 ktpa and Hindustan Zinc Fertilisers Private Ltd (HZFPL) of 510 ktpa for main process package is on track. The company generated a cash flow of Rs 2,097 crore during the quarter. Total borrowings outstanding as of December 2023 was Rs 10,111 crore. During the quarter, the company paid a dividend of Rs 2,535 crore. Hindustan Zinc is the world's second largest integrated zinc producer and fifth largest silver producer. The Udaipur-based company holds about 80 per cent of the growing zinc market in the country.

Hindustan Zinc Q3 net profit falls to Rs 2,028 crore

<keyword id="28423" type="General" weightage="50" keywordseo="vedanta" source="Orion">Vedanta</keyword> group firm <keyword id="332980" type="General" weightage="50" keywordseo="hindustan-zinc-ltd" source="Orion">Hindustan Zinc Ltd</keyword> on Wednesday said its board has approved a second interim <keyword id="56600" type="General" weightage="20" keywordseo="dividend" source="Orion">dividend</keyword> of Rs 6 per equity share for FY24, amounting to Rs 2,535.19 crore. "The board of directors of the company through resolution passed by circulation on Wednesday, December 6, 2023 have approved 2nd interim dividend of Rs 6 per equity share i.e. 300 per cent on face value of Rs 2 per share for the Financial Year 2023-24 amounting to Rs 2,535.19 crores," the company said in a stock exchange filing. The interim dividend will be paid within stipulated timelines, it said. The company had announced its first interim dividend of Rs 7 per share in July this year. <keyword id="720166" type="General" weightage="50" keywordseo="billionaire-anil-agarwal" source="Orion">Billionaire Anil Agarwal</keyword> is considering a major restructuring of his profitable zinc unit <keyword id="115997" type="General" weightage="100" keywordseo="hindustan-zinc" source="Orion">Hindustan Zinc</keyword> Ltd to help the Vedanta group reduce its debt. Hindustan Zinc Ltd had earlier said that it could create separate legal entities for its zinc and lead, silver, and recycling businesses to help capitalise on "distinct market positions" and attract investors. A committee of directors will evaluate the options and advise the board, along with external advisers. Hindustan Zinc is world's second largest integrated zinc producer and fifth largest silver producer. The company holds about 80 per cent of the growing zinc market in the country, having its headquarters at <keyword id="42774" type="General" weightage="50" keywordseo="udaipur" source="Orion">Udaipur</keyword> and zinc, lead mines and smelting complexes spread across Rajasthan. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/oneplus-announced-new-flagship-smartphone-oneplus-12-with-up-to-24gb-ram/articleshow/105756057.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-announced-new-flagship-smartphone-oneplus-12-with-up-to-24gb-ram/articleshow/105756057.cms" target="_blank">OnePlus 12 debuts with bigger battery, up to 24GB RAM and more</a><a href="https://www.businessinsider.in/sports/webstories/indias-tour-of-south-africa-squads-schedule-where-to-watch-and-more/slidelist/105755174.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/indias-tour-of-south-africa-squads-schedule-where-to-watch-and-more/slidelist/105755174.cms" target="_blank">India’s tour of South Africa – Squads, schedule, where to watch and more</a> <a href="https://www.businessinsider.in/india/news/noida-woman-scammed-11-lakh-in-digital-arrest-scam-everything-you-need-to-know/articleshow/105727970.cms">Noida woman scammed ₹11 lakh in digital arrest scam – everything you need to know</a>

Hindustan Zinc board approves dividend of Rs 2,535.19 crore

RIL, Hindustan Zinc, L&T and Nestle among top stocks to watch out for on December 8

The CEO of one of the largest zinc miners eyes a share of Bangladesh's economic boom

<ul><li>The SGX Nifty was trading 0.43% higher at 7:45 am, indicating a positive start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Amidst positive cues from the global markets, the Indian equities are likely to open higher on Wednesday. The SGX Nifty was trading 0.43% higher at 7:45 am, indicating a positive start for Nifty50. The continuing stimulus talks fuel hopes, US equities closed higher on Tuesday. Dow Jones added over 113 points, and the S&amp;P 500 ended 0.47% higher. These are the stocks to watch out for during the trading session on October 21: RIL Mukesh Ambani owned Reliance Jio and the US-based Qualcomm joined hands to fast-track the deployment of 5G mobile internet in India. The company made the announcement during the virtual 5G summit yesterday. The shares of RIL shed nearly a percent. Hindustan Zinc Vedanta group company, Hindustan Zinc, announced a dividend of ₹21.3 per share— its highest interim dividend in 12 years. The company also reported a 6.7% drop in its net profit to ₹1940 for the quarter ended September 30. The shares of Hindustan Zinc ended 2% higher on Tuesday. Indian Oil Corporation (IOC) The state-owned Indian Oil Corporation (IOC) raised ₹2,000 crore on a private placement basis to meet business expenses, the company said in a regulatory filing. The shares of IOC ended 2.15% lower on Tuesday. Oil and Natural Gas Corporation (ONGC) The Oil and Natural Gas Corporation (ONGC) also raised ₹1,140 crore through a 3-year debenture issue on a private placement basis at an interest rate of 4.64% per annum payable annually. The shares of ONGC ended 3% lower on Tuesday. Cipla The pharma major Cipla launched generic Nintedanib used for the treatment of Idiopathic Pulmonary Fibrosis (IPF) under the brand name ‘Nintib’ in India. IPF is a rare lung disease that impacts ten in one lakh people, but it is a chronic progressive form of lung disease with an average survival rate of three to five years if left untreated. The shares of Cipla ended flat on Tuesday. Motherson Sumi Motherson Sumi Systems (MSSL), through its Mexican subsidiary, has acquired the activities of Electrical Wiring Interconnection Systems (EWIS) performed at Bombardier Transportation’s manufacturing site in Huehuetoca, Mexico. The deal is valued around $10 million. The shares of Motherson Sumi ended 2% higher on Tuesday. Prabhat Dairy The markets regulator SEBI has directed Prabhat Dairy to cooperate with the forensic auditor and deposit over ₹1,292 crore in a nationalised bank within seven days until the conclusion of the audit. The auditor was appointed to ascertain manipulation of books of accounts of the firm, misrepresentation of financials or business operations by the company, wrongful diversion of funds by promoters. The shares of Prabhat Dairy ended 5% higher on Tuesday. Bajaj Auto The state-owned Life Insurance Corporation increased its stake in Bajaj Auto from 4.76% in the June quarter to 6.4% in the September quarter. The shares of Bajaj Auto ended 1% higher on Tuesday. L&amp;T Infotech (LTI) The IT major L&amp;T Infotech (LTI) reported a 26.7% increase in consolidated net profit to ₹456.8 crore for the quarter ended September 30. The company’s overall revenue grew 16.6% to ₹2,998.4 crore in the quarter under review. The shares of LTI ended 2% lower on Tuesday. Mastek The software major Mastek’s UK subsidiary has sold its entire stake in Majesco’s US subsidiary for a total value of $32.3 million. The company aims to use the funds for helping the UK arm drive its growth strategy and reduce borrowings. The shares of Mastek ended 1% higher on Tuesday. Equitas Small Finance Bank The ₹518 crore IPO of Equitas Small Finance Bank has so far seen a subdued response from the investors. On day one of the bidding, the issue was subscribed only 0.39 times, and the qualified institutional buyer subscription portion stood at zero. SEE ALSO: <a href="https://www.businessinsider.in/science/news/a-nasa-spacecraft-is-about-to-land-on-an-asteroid-and-scoop-up-rock-to-bring-back-to-earth-animations-show-how-the-mission-works-/articleshow/78774835.cms" data-type="tilCustomLink">A NASA spacecraft just landed on an asteroid to suck up rocky dust to bring back to Earth. Here's how the mission works.</a> <a href="https://www.businessinsider.in/tech/news/the-justice-dept-just-slapped-google-with-a-landmark-antitrust-lawsuit-that-could-be-bad-news-for-amazon-facebook-and-apple-/articleshow/78779190.cms" data-type="tilCustomLink">The Justice Department just slapped Google with a landmark antitrust lawsuit. That could be bad news for Amazon, Facebook, and Apple.</a>

Top stocks to watch — RIL, IOC, ONGC, Cipla, Hindustan Zinc, Prabhat Dairy, and others

New Delhi, May 15 () The board of Hindustan Zinc (HZL), a subsidiary of Vedanta, has approved an interim dividend of Rs 16.50 per equity share for FY20 amounting to Rs 6,972 crore. Vedanta owns 64.9 per cent stake in the company, while the centre retains a 29.54 per cent stake. HZL has intimated that its board of directors, through resolution passed by circulation on Tuesday, has approved interim dividend of Rs 16.50 per equity share - 825 per cent on face value of Rs 2 per share for the financial year 2019-20 amounting to Rs 6,972 crore, Vedanta informed the BSE on Friday. HZL is one of the largest integrated producers of zinc and lead and a leading producer of silver. It has facilities in Rampura Agucha, Chanderiya, Dariba, Kayad and Zawar in Rajasthan, along with zinc-lead processing and refining facilities and a silver refinery at Pantnagar in Uttarakhand. SID SID ANSANS

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Hindustan Zinc Q3 net profit falls to Rs 2,028 crore

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Hindustan Zinc board approves dividend of Rs 2,535.19 crore

PTI

RIL, Hindustan Zinc, L&T and Nestle among top stocks to watch out for on December 8

Bhakti Makwana

The CEO of one of the largest zinc miners eyes a share of Bangladesh's economic boom

Business Insider India

Top stocks to watch — RIL, IOC, ONGC, Cipla, Hindustan Zinc, Prabhat Dairy, and others

Navdeep Yadav

Hindustan Zinc board approves interim dividend of Rs 16.50/share for FY20

PTI

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