The company has been declared the preferred bidder' for the Dugocha Gold Block, as confirmed by the Department of Mines & Geology, Rajasthan. This is aligned with Hindustan Zinc's long-term strategy of securing high-quality assets with strong mining potential,' the company said in a statement. Located in Salumber, Rajasthan, the block spans 472 hectares and is currently at the G3 level of exploration, with an estimated 1.74 metric ton of resources with 1.63 grams per tonne gold. Earlier this month, Hindustan Zinc was also declared the preferred bidder for two tungsten and associated metal blocks in Andhra Pradesh and Tamil Nadu. Hindustan Zinc, a Vedanta Group company, is an integrated producer of zinc, lead and silver. The company had reported 34.58% jump in consolidated net profit to Rs 2,327 crore in Q2 FY25 as against Rs 1,729 crore posted in Q2 FY24. Total revenue from operations during the quarter was Rs 8,252 crore, up 22% YoY. The scrip rose 0.60% to currently trade at Rs 497.45 on the BSE. Powered by Capital Market - Live

Through the OFS, the Government of India had proposed to sell 5,28,16,488 shares, representing a 1.25% stake, with an option to sell an additional 1.25% stake or 5,28,16,487 equity shares in case of oversubscription. The floor price for the offer had been set at Rs 505 apiece. With the promoter exercising the oversubscription option to the extent of up to 2,15,77,052 equity shares (representing 0.51% stake), the total OFS size (base size + green shoe) aggregated to 7,43,93,540 shares, representing 1.76% of outstanding equity shares of the company, the value of which (at floor price) aggregates to Rs 3,756.87 crore. The Government of India held 63.42% stake in Hindustan Zinc as of 30 September 2024. The OFS opened on 06 November 2024, which is the T-day, where only non-retail investors could bid for the shares. On 07 November 2024, which was the T+1 day, the OFS was accessible for retail investors and those non-retail investors, who choose to carry forward their un-allotted bids from T day. On Day 1 (T-day), as of 15:30 IST, the OFS received subscription for 6,69,54,186 shares. It was subscribed 140.85% on the base non-retail offer size of 4,75,34,839 shares. On Day 2 (T-day), as of 15:30 IST, the OFS received subscription for 13,83,796 shares. It was subscribed 26.20% on the base retail offer size of 52,81,649 shares. Hindustan Zinc, a Vedanta Group company, is an integrated producer of zinc, lead and silver. The company had reported 34.58% jump in consolidated net profit to Rs 2,327 crore in Q2 FY25 as against Rs 1,729 crore posted in Q2 FY24. Total revenue from operations during the quarter was Rs 8,252 crore, up 22% YoY. Powered by Capital Market - Live

Through the OFS, the Government of India proposes to sell 5,28,16,488 shares, representing a 1.25% stake, with an option to sell an additional 1.25% stake or 5,28,16,487 equity shares in case of oversubscription. The floor price of the offer has been set at Rs 505 apiece, a 9.73% discount to the stock's closing price of Rs 559.45 recorded on Tuesday, 05 November 2024. The Government of India held 63.42% stake in Hindustan Zinc as of 30 September 2024. A minimum of 25% of the offer has been reserved for mutual funds and insurance companies, while 10% for retail investors. The OFS opened on 06 November 2024, which is the T-day, where only non-retail investors can bid for the shares. On 07 November 2024, which is the T+1 day, the OFS will be accessible for retail investors and those non-retail investors, who choose to carry forward their un-allotted bids from T day. On Day 1 (T-day), as of 11:20 IST, the OFS received subscription for 4,42,887 shares. It was subscribed 0.84% on the base non-retail offer size of 5,28,16,488 shares. Hindustan Zinc, a Vedanta Group company, is an integrated producer of zinc, lead and silver. The company had reported 34.58% jump in consolidated net profit to Rs 2,327 crore in Q2 FY25 as against Rs 1,729 crore posted in Q2 FY24. Total revenue from operations during the quarter was Rs 8,252 crore, up 22% YoY. Powered by Capital Market - Live

Hindustan Zinc Ltd is up for a third straight session today. The stock is quoting at Rs 534, up 1.97% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.13% on the day, quoting at 24403.25. The Sensex is at 80063.06, down 0.02%. Hindustan Zinc Ltd has gained around 4.46% in last one month. Meanwhile, Nifty Metal index of which Hindustan Zinc Ltd is a constituent, has gained around 4.92% in last one month and is currently quoting at 9295.25, up 0.01% on the day. The volume in the stock stood at 20.65 lakh shares today, compared to the daily average of 25.5 lakh shares in last one month.The PE of the stock is 25.14 based on TTM earnings ending September 24.Powered by Capital Market - Live

Hindustan Zinc Ltd fell for a fifth straight session today. The stock is quoting at Rs 504.95, down 0.31% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.2% on the day, quoting at 24804.2. The Sensex is at 81203.95, down 0.03%.Hindustan Zinc Ltd has gained around 0.21% in last one month.Meanwhile, Nifty Metal index of which Hindustan Zinc Ltd is a constituent, has increased around 2.07% in last one month and is currently quoting at 9753.9, down 1.06% on the day. The volume in the stock stood at 16.68 lakh shares today, compared to the daily average of 23.58 lakh shares in last one month.The PE of the stock is 26.23 based on TTM earnings ending June 24.Powered by Capital Market - Live

The Board of Hindustan Zinc at its meeting held on 18 October 2024 has approved investment of minimum 26% of equity in Serentica Renewable India (SRIPL) or its affiliates for implementation of RE power projects to cater to long term power requirement of the company under Power Delivery Agreement (PDA). Powered by Capital Market - Live

Net profit of Hindustan Zinc rose 34.59% to Rs 2327.00 crore in the quarter ended September 2024 as against Rs 1729.00 crore during the previous quarter ended September 2023. Sales rose 20.92% to Rs 8004.00 crore in the quarter ended September 2024 as against Rs 6619.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales8004.006619.00 21 OPM %51.5147.42 - PBDT4090.003130.00 31 PBT3213.002305.00 39 NP2327.001729.00 35 Powered by Capital Market - Live

Hindustan Zinc will hold a meeting of the Board of Directors of the Company on 18 October 2024.Powered by Capital Market - Live

Hindustan Zinc Ltd gained for a third straight session today. The stock is quoting at Rs 502.4, up 1.17% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 25372.35. The Sensex is at 82952.82, up 0.07%. Hindustan Zinc Ltd has risen around 1.35% in last one month. Meanwhile, Nifty Metal index of which Hindustan Zinc Ltd is a constituent, has risen around 3.62% in last one month and is currently quoting at 9370.65, up 1.31% on the day. The volume in the stock stood at 14.25 lakh shares today, compared to the daily average of 56.73 lakh shares in last one month.The PE of the stock is 25.66 based on TTM earnings ending June 24.Powered by Capital Market - Live

Hindustan Zinc announced that its top quality zinc has been used in the galvanization process for India's heaviest transmission steel pole structure. The massive 400 kV (kilovolts) dual pole structure standing approximately 57 meters tall, underwent galvanization process utilizing a mix of Hindustan Zinc's low-dross jumbo special high grade zinc and special high grade (SHG) zinc ingots. The zinc galvanization process protects the intricate structure from corrosion and forms a barrier against air, water, heat and pollution thereby enhancing the structural integrity of the dual pole. The structure, designed and manufactured by Skipper Limited, is part of the 400 kV Quad Moose DC Transmission Lines Project under the proposed Pinnapuram Integrated Renewable Energy with Storage Project in Andhra Pradesh. Skipper, India's largest power transmission and distribution structure manufacturer, operates one of the country's largest galvanizing facilities at its West Bengal plant. The dual pole structure weighing over 200 metric tons offers a significantly optimized design compared to traditional four-legged lattice towers, making it ideal for metro cities and urban areas with space constraints. To protect against corrosion, the dual pole structure underwent galvanization employing a mix Hindustan Zinc's low-dross jumbo special high-grade zinc and special high grade (SHG) ingots, that involves the application of a zinc coating to steel, thereby forming a metallurgical bond with steel and creating a strong protective coating. The zinc layer extends the structure's lifespan by about 30-35 years. For the galvanization process, the heaviest structure utilized Hindustan Zinc's special high grade zinc and innovative low-dross (mineral waste on the surface of ingot) jumbo special high-grade zinc that offers convenience and simplifies handling & loading owing to its sheer size & weight. The galvanized dual pole was dispatched to Andhra Pradesh, a coastal region prone to corrosion. Zinc's protective layer is essential for coastal areas, where high humidity, salt and moisture accelerate corrosion and compromise structural integrity. Zinc's sacrificial properties that protect steel make it vital for strengthening India's infrastructure, including public infrastructure, railways, roadways, bridges and power transmission. The galvanization process acts as a continuous protective shield for steel, preventing corrosion, reducing maintenance and replacement costs. According to the International Zinc Association's report titled 'New Corrosion Map of India', based on over 8 years of testing in 5 Indian cities, the average cost of corrosion up to 5% of the country's GDP. India's cost of corrosion is higher than other major countries due to lower utilization of galvanized coatings. It is much simpler and more cost-effective to prevent corrosion than to repair or replace the damaged equipment or component that failed because of corrosion. Powered by Capital Market - Live