Latest news with #HindustanZincLimited
Malaysian Reserve
18 hours ago
- Business
- Malaysian Reserve
Hindustan Zinc beats consensus, backed by all-time high silver prices and first quarter lowest cost of production
UDAIPUR, India, July 21, 2025 /PRNewswire/ — India-based Hindustan Zinc Limited, a Vedanta Group company and the world's largest integrated zinc producer, announced its financial results for the first quarter ended 30th June 2025 on 18th July 2025. The company registered its highest ever first quarter mined metal production of 265 KT. Also, the company clocked record quarterly alloy production from subsidiary Hindustan Zinc Alloys (HZAPL), taking overall share of value-added products to c.24%. The company registered the lowest ever first quarter zinc cost of production (COP)^ at US$ 1,010/MT, better 9% YoY. The company delivered a profit, beating estimates to US$ 261 million with an industry leading EBITDA margin of c.50%. Hindustan Zinc, amongst the top five silver producers globally, has witnessed continued significant contribution from the silver segment to profitability at c.41%. During the quarter, the company secured two critical mineral blocks, Potash in Rajasthan and Rare Earth Elements (REEs) in Uttar Pradesh. In the same period, the company's renewable energy consumption increased to c. 19%, on track to progressively achieve 70% by FY28. Along with that, Hindustan Zinc's Board approved the first phase of plans towards doubling production capacity with an investment of US$ 1.4 billion to set up a new 250 KTPA integrated smelting complex alongside similar expansion of mines & mills capacities. Historically, Hindustan Zinc has maintained investment grade rating 'AAA' and recently received ratings reaffirmation at CRISIL AAA/Stable/CRISIL A1+. Arun Misra, Chief Executive Officer, said: 'Delivering our highest-ever first quarter mined metal production at the lowest-ever zinc cost of production reflects our relentless focus on operational efficiencies and cost leadership. We have further strengthened our growth pipeline with Board approved Phase-1 of plans towards doubling the production capacity. Coupled with the addition of critical minerals blocks and rare earth elements, we are poised to transform into a multi-metal powerhouse, unlocking sustained value for our stakeholders.' USD-INR rate is 85.57^since underground transition About Hindustan Zinc Limited Hindustan Zinc Limited, a Vedanta Group company, is the world's largest integrated zinc producer and recognized as the world's most sustainable metals & mining company by the S&P Global CSA 2024. Disclaimer This release contains forward-looking statements that may differ from actual results. We undertake no obligation to update them. Photo:
Business Insider
2 days ago
- Business
- Business Insider
Hindustan Zinc Limited (HINDZINC): New Sell Recommendation for This Basic Materials Giant
In a report released today, Raashi Chopra from Citi maintained a Sell rating on Hindustan Zinc Limited, with a price target of INR405.00. The company's shares closed last Friday at INR435.50. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Chopra is a 4-star analyst with an average return of 16.1% and a 63.64% success rate. Chopra covers the Basic Materials sector, focusing on stocks such as Hindustan Zinc Limited, ACC Limited, and Ambuja Cements Limited. Currently, the analyst consensus on Hindustan Zinc Limited is a Moderate Sell with an average price target of INR400.00.
Time of India
5 days ago
- Business
- Time of India
Hindustan Zinc secures potash block, adds to REE and tungsten assets in critical minerals push
New Delhi: Hindustan Zinc Limited (HZL) on Wednesday said it has received a Letter of Intent (LoI) from the Ministry of Mines for a potash block located in Hanumangarh district of Rajasthan. The company secured the block under Tranche V of the Centre's e-auction process conducted in May 2025. The block spans over 1,800 hectares and is among the first potash blocks awarded in the country. This is Hindustan Zinc's third acquisition in the critical minerals segment in 2025. Earlier this month, the company had received an LoI from the Uttar Pradesh government for a Rare Earth Elements (REE) block and previously secured a Tungsten and Associated Minerals block in Andhra Pradesh. Arun Misra, CEO of Hindustan Zinc Limited, said, 'At Hindustan Zinc, we have deep expertise in strategic mineral exploration. This acquisition is in line with our strategic foray into the critical minerals segment to support the nation's mineral security goals for rapid economic growth.' Potash is a key input for the fertiliser industry, especially in the production of NPK fertilisers . India currently imports all its potash requirements from countries including Canada, Belarus, Jordan, and South Korea. The auction of the country's first potash and halite blocks is seen as a step towards reducing import dependence and supporting domestic agricultural inputs. Hindustan Zinc, a Vedanta Group company, is India's only and the world's largest integrated zinc producer. It holds around 77% share in India's primary zinc market and supplies to over 40 countries. The company is among the top five silver producers globally. Hindustan Zinc said its recent mineral acquisitions align with its strategy to build a portfolio of high-quality critical mineral assets with long-term mining potential. The company said it aims to leverage its in-house exploration and mining capabilities to develop these assets and contribute to India's goal of strengthening domestic mineral security.
Time of India
6 days ago
- Business
- Time of India
Hindustan Zinc receives govt approval for potash block in Rajasthan
Hindustan Zinc Limited has received a Letter of Intent (LOI) from the Ministry of Mines, Government of India , for the allocation of a potash and halite block in Hanumangarh district, Rajasthan. The company secured this block under Tranche V of the central government's e-auction held in May 2025. This is one of the first potash blocks to be allocated in the country. The awarded block spans over 1,800 hectares and marks another step in the company's expansion into the critical minerals sector. Earlier this month, the company received a separate LOI from the Government of Uttar Pradesh for a Rare Earth Elements (REE) block. It has now secured three critical mineral assets, including a tungsten and associated minerals block in Andhra Pradesh. Arun Misra, CEO, Hindustan Zinc, said, 'At Hindustan Zinc, we have deep expertise in strategic mineral exploration. This acquisition is in line with our strategic foray into the critical minerals segment to support the nation's mineral security goals for rapid economic growth.' Strategic importance of Potash Potash is essential for manufacturing NPK fertilisers, which are widely used in Indian agriculture. India currently imports all of its potash requirements from countries such as Canada, Belarus, Jordan, and South Korea. The allocation of domestic potash blocks is intended to reduce import dependency and promote fertiliser self-reliance. The recent acquisitions align with Hindustan Zinc's stated strategy to obtain mineral assets with long-term potential. The company plans to apply its internal exploration and mining expertise to develop these resources. Hindustan Zinc, a Vedanta Group company, is the largest integrated zinc producer globally and holds around 77% share of India's primary zinc market. It is also among the world's top five silver producers.
Business Upturn
6 days ago
- Business
- Business Upturn
Hindustan Zinc secures LoI for Rajasthan potash and halite block
Hindustan Zinc Limited (HZL) announced on July 16, 2025, that it has received a Letter of Intent (LoI) from the Ministry of Mines, Government of India, confirming it as the preferred bidder for the Jhandawali–Satipura Amalgamated Potash and Halite Block in Rajasthan. The LoI was issued under Rule 18(1) of the Mineral Auction Rules, 2015, following an e-auction conducted by the ministry. The block, located in Hanumangarh district, Rajasthan, spans an area of approximately 1,841.25 hectares and will be granted to HZL as a composite license (covering both prospecting and mining). This acquisition is aligned with HZL's strategy to diversify into other minerals and expand its resource base beyond zinc and lead. The company had earlier intimated about its bid through a letter dated May 28, 2025, and the receipt of the LoI marks the next step toward operationalizing this resource. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
