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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

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 Q3 net profit drops 20% to Rs 2,156 cr on higher expenses

Commenting on results, HZL CEO Arun Misra said that the company delivered the best-ever nine months of refined metal mark on the back of the highest mined metal

Hindustan Zinc Q3 mined metal production marginally rises to 254,000 tonnes

Vedanta group firm Hindustan Zinc on Monday said its mined metal output registered a marginal rise of one per cent to 2,54,000 tonnes in the third quarter of the current fiscal. The company's mined metal production was 2,52,000 tonnes in the year-ago period. In a statement, the company said that the mined metal production stood at 254kt in the third quarter of the current fiscal "driven by higher ore production and marginally down QoQ (Quarter-on-Quarter) due to overall mined metal grades." Its refined metal production at 2,57,000 tonnes declined two per cent during the period under review. Hindustan Zinc's integrated zinc production during the third quarter dropped by two per cent to 2,10,000 tonnes. "Refined lead production was at 46kt, down one per cent YoY," it said. Hindustan Zinc is an integrated producer of zinc, lead and silver. The company has its headquarters at Udaipur in Rajasthan where it has its zinc lead mines and smelting complexes.

Our silver output will double in 5 yrs: Sunil Duggal

Interview with CEO, Hindustan Zinc