Hindustan Zinc's Market Cap Soars

12 Aug 2024 CW Team

Hindustan Zinc Limited (HZL), a leading integrated producer of zinc and silver, is poised to distribute a special dividend of INR 6 billion ($73.1 million) to its shareholders. This announcement follows a significant increase in the company's market capitalization, which soared by nearly INR 160 billion ($1.95 billion) this year. The dividend decision is expected in the upcoming board meeting within two weeks.

Last month, the Jaipur bench of the National Company Law Tribunal (NCLT) approved the transfer of INR 10.383 billion from general reserves to retained earnings, setting the stage for this substantial payout.

Vedanta Limited, holding a 64.92% stake in Hindustan Zinc, stands to receive approximately INR 3.895 billion ($47.5 million) from the special dividend. The Indian government, owning a 29.54% stake, is expected to gain around INR 1.772 billion ($21.6 million).

For the fiscal year ending March 2024, Hindustan Zinc reported robust financials with a 12% increase in year-on-year revenue to INR 81.3 billion ($992 million), and significant growth in EBITDA and profit after tax. The company also generated INR 34.32 billion ($419 million) in free cash flow from operations, underlining its strong performance and financial health.

This move follows a record dividend payout in the previous fiscal year and continues to highlight Hindustan Zinc's commitment to rewarding its shareholders amid growing operational success.

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..