Hindustan Zinc Ltd (HZL) will invest Rs 8,000 crore in the next 3-5 years as the Vedanta Group firm looks to expand operations and capacity.
The firm aims to take
The finance ministry has started the process for fresh valuation of Hindustan Zinc Ltd (HZL), seeking to push through a long-pending sale of the government's residual stake in the company
Lower volume and prices took the shine off Hindustan Zinc as the zinc and copper maker today reported a 13 per cent dip in net profit to Rs 1,881 crore.
Disinvestment of government's remaining stake in Hindustan Zinc and Balco will happen next fiscal, Economic Affairs Secretary Arvind Mayaram today said.
"The decision to divest stakes (in the two companies)
Shares in Hindustan Zinc gain around 4 percent trading on Tuesday after TV channels reported the government had approved on Monday a stake-sale in Hindustan Zinc Ltd, citing unnamed sources.
Higher revenue and better margins helped Hindustan Zinc's net profit to rise 7 per cent to Rs 1,723 crore in the third quarter of the current financial year from Rs
Vedanta group firm Hindustan Zinc today reported 5 per cent growth in net profit at Rs 1 660. 45 crore for the quarter ended June 30 2013 as
Vedanta group firm Hindustan Zinc today reported a 14. 50 per cent growth in net profit to Rs 1 539
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William D. Green
Chairman & CEO, Accenture