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EC nod sought for appointing valuers in HZL, Balco stake sale

Last Updated: Thursday, April 03, 2014, 21:12

The Disinvestment Department has approached the Election Commission seeking its approval for appointing valuers for government's residual stake in Hindustan Zinc and Balco.

Vedanta to bid for HZL shares if price lucrative: Agarwal

Last Updated: Tuesday, February 04, 2014, 20:49

Vedanta will bid for acquiring remaining government stake in Hindustan Zinc if the price offered is lucrative, its chairman Anil Agarwal said on Tuesday.

Hindustan Zinc and Sesa Sterlite say there is no plan to merge

Last Updated: Thursday, January 23, 2014, 21:37

Hindustan Zinc and Sesa Sterlite, group companies of mining and metal major Vedanta Resources, have said they are not considering a plan to merge.

HZL rallies 7% as CCEA approves sale of govt's residual stake

Last Updated: Tuesday, January 21, 2014, 14:09

Shares of Hindustan Zinc Tuesday rose almost 7 percent in trade after the Cabinet Committee on Economic Affairs (CCEA) approved the sale of the government's residual stake in HZL.

Hindustan Zinc Q3 net profit rises 7% to Rs 1,723 crore

Last Updated: Friday, January 17, 2014, 16:25

Higher revenue and better margins helped Hindustan Zinc's net profit to rise 7 percent to Rs 1,723 crore in the third quarter of the current financial year from Rs 1,613 crore a year ago.

Attorney General clears Hindustan Zinc stake sale via auction

Last Updated: Tuesday, January 14, 2014, 20:32

Government's 29.5 percent stake in HZL is worth Rs 16,000 crore at current market valuation.

Sesa Sterlite shares down over 3% on CBI investigation

Last Updated: Tuesday, December 24, 2013, 13:50

Shares of Sesa Sterlite on Tuesday fell by over 3 percent after the CBI registered a preliminary enquiry against Vedanta Group Chairman Anil Agarwal and unknown officials in connection with alleged irregularities in the disinvestment of Hindustan Zinc Ltd (HZL).

HZL disinvestment: CBI registers PE against Vedanta Chairman

Last Updated: Monday, December 23, 2013, 20:36

CBI has registered a preliminary enquiry against Vedanta Group Chairman Anil Agarwal in connection with alleged irregularities in the disinvestment of Hindustan Zinc Ltd (HZL) during the period of NDA government.

FinMin for auction of stake in HZL, says Par nod not needed

Last Updated: Thursday, October 31, 2013, 17:42

The Finance Ministry has recommended auction of government's minority holding in erstwhile state-run firm Hindustan Zinc saying Parliament approval on selling its residual stake is not needed as the company can no more be classified as a PSU, sources said.

Vedanta gets shareholders' nod to raise offers for HZL, Balco

Last Updated: Wednesday, October 30, 2013, 22:49

Shareholders of mining conglomerate Vedanta Resources on Wednesday approved proposals to empower the company to raise offers for acquiring remaining government stake in Hindustan Zinc and Balco by up to 43 percent or up to Rs 24,663 crore.

Govt wasting time on finalising HZL stake sale: Vedanta

Last Updated: Thursday, October 24, 2013, 21:42

Mining conglomerate Vedanta Resources Thursday said the government is "unnecessarily spending so much time" on taking a final call on selling its remaining stake in Hindustan Zinc and it needs to take a decision at the earliest on the issue.

Hindustan Zinc Q2 profit up 6.52% at Rs 1,640.25 cr

Last Updated: Wednesday, October 23, 2013, 19:26

Hindustan Zinc, a Vedanta group company, Wednesday reported a 6.52 percent increase in its net profit to Rs 1,640.25 crore for the quarter ended September 30, 2013, as its performance was affected by lower other income and expenses on voluntary retirement scheme (VRS).