Hindustan Zinc announces 2nd interim dividend of ₹19; stock rises 2%
The board of Hindustan Zinc has approved the second interim dividend worth ₹8,028.11 crore.
The board of Hindustan Zinc has approved the second interim dividend worth ₹8,028.11 crore.
The share price of Hindustan Zinc has corrected nearly 40% from its 52-week high of ₹807 touched on May 22, 2024.
The government holds a 29.54% stake in HZL while Vedanta owns 64.92% shares in the metal and mining company, which are largely pledged.
Anil Agarwal-led Vedanta records better volumes and cost rationalisation in the April-June quarter, which drove earnings; EBITDA up 47%
Mining giant’s Q1 EBITDA increases 47% to ₹10,275 cr on structural cost saving, easing of input commodity inflation, favourable output commodity prices
The six separate listed companies will be Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Ltd.
Finsider International Company Ltd., a subsidiary of Vedanta Resources, has reportedly proposed to sell 2.6% stake in Vedanta.
The metal and mining company has received approval from State Bank of India to split its existing businesses into six separate entities.
Shares of Hindustan Zinc gained 19.4% to hit a 52-week high of ₹738.90
Vedanta announced its first interim dividend of ₹11 apiece; to set up a new continuous cast copper rod facility in Saudi Arabia