"The demerger of verticals in Vedanta will provide an opportunity for lenders to take control of these verticals and unlock their values. This could include selling some of the verticals to satisfy creditors. Choksey also suggests that the restructuring and demerger into six separate listed entities will simplify the group's structure and make it easier to sell off businesses and attract specific investors. The standout entity is expected to be Hindustan Zinc, followed by Cairns, aluminium, and the rest of the businesses."

Mumbai-listed Vedanta, which produces copper, aluminium, iron ore and crude oil, and is a subsidiary of the London-based Vedanta Resources (VRL), said the exercise was aimed at building a simplified corporate structure that would appeal to focused investors.

Indian metals-to-oils conglomerate Vedanta Ltd said on Friday it plans to separate its commodities businesses into multiple listed companies

Unlocking value in its silver business appears to be the main motivation of a demerger proposal for HZL. Will investors see the value in the proposals when they become final?

Chairman Anil Agarwal said last month Vedanta will consider separately listing all or some of its businesses, in contrast to a failed attempt in 2020 to delist the company to speed up the process of simplifying its corporate structure

Hindustan Zincs board has authorised a committee of directors to evaluate the appropriate corporate restructuring exercise to unlock shareholder value. Shares of Hindustan Zinc were trading with gains of over 5 per cent as of 1:30 pm while the benchmark indices were up roughly 0.75 per cent.​

To this end, the Board of Directors have authorized a committee of directors to evaluate and recommend such options and alternatives to it, the company said in a regulatory filing.

In the past, the government has missed targets set for prior financial years, the most recent being the Rs 1.75 lakh crore target for FY22, which was revised downwards to Rs 78,000 crore in the revised estimates. The actual proceeds for FY22 were at a meagre Rs 14,638 crore, primarily owing to the disruptions caused by the Covid-19 pandemic.

The Indian stock market brought significant developments on September 14 as several major stocks surged past their 200-day Simple Moving Averages (SMA).

Crossing the 50-day SMA signals potential upside trends and positive market sentiment.

Hindustan Zinc Ltd., a producer of zinc, plans to boost its output and decarbonize its operations under Chairwoman Priya Agarwal Hebbar. The company aims to increase its annual mined metal output to 1.5 million tons by March 2025, up from around 1 million tons currently. Hindustan Zinc will invest $1 billion over the next decade to reduce its reliance on coal and replace it with solar and wind energy.

Vedanta Ltd, an Indian conglomerate, is considering a separate listing for its various businesses. The company's chairman, Anil Agarwal, believes that this reorganization could lead to better returns and dividends for shareholders. Vedanta's parent company, Vedanta Resources, has been facing funding risks and struggles to meet debt obligations, prompting Agarwal to seek ways to simplify its corporate structure and raise funds.

Vedanta Ltd, an Indian conglomerate, is considering a separate listing for its various businesses. The company's chairman, Anil Agarwal, believes that this reorganization could lead to better returns and dividends for shareholders. Vedanta's parent company, Vedanta Resources, has been facing funding risks and struggles to meet debt obligations, prompting Agarwal to seek ways to simplify its corporate structure and raise funds.

The company on August 21 released a pledge on 3.3% of Hindustan Zinc's total share capital, worth over ₹4,400 crore as of Thursday's market close. The pledge was taken on May 22.

London-based VRL, the parent of Indian operating company Vedanta, needs $1.3 billion in FY24 and $4.3 billion in FY25.

Former prime minister Atal Bihari Vajpayee is regarded by some as the father of India's second-generation economic reforms. He had launched the ambitious Golden Quadrilateral and Pradhanmantri Gramin Sadak Yojana projects, kicking off infrastructure buildup in the country. Vajpayee also established a department of disinvestment to privatize public businesses and launched a telecoms revolution through the New Telecom Policy.

Since September 2022, about 750 senior executives (CXOs and CXO-1) out of about 5,000 top professionals (with more than Rs 1 crore salary) exited unicorns and soonicorns.

By extending inter-company loans, VRL can address outstanding external debt requirements, including a $1bn bond due in January 2024. The move could also enable VRL to borrow $2.4bn, upfront, using brand fee receivables to repay outstanding debt obligations.

"Last year we embarked on making zinc alloys because we believe (zinc) consumption will not only be for galvanizing, you will also see consumption of alloys," Misra told ET in an exclusive interaction. "More smart cities will also lead to a higher consumption of alloys, rather than direct zinc," he said.

Motilal Oswal recommended Neutral rating on Hindustan Zinc with a target price of Rs 300 in its research report dated July 22, 2023.

Lithium reserves of about 5.9 million tonnes have been identified in Salal-Haimna areas of Reasi district in Jammu and Kashmir (J&K) for the first time in India. Auctions of the said reserves are likely to be held in December. The J&K administration is also in the process of appointing a transaction advisor.

The consolidated total income in the April-June period also fell to Rs 7,564 crore against Rs 9,697 crore in the year-ago period, it added.

The consolidated total income in the April-June period also fell to Rs 7,564 crore against Rs 9,697 crore in the year-ago period, it added.

India is unlikely to miss its budget deficit target for this fiscal year due to support from the central bank, despite hindrances such as weather, risks from divestment revenue and meek corporate tax collections, economists claim. The banks had tripled their surplus transfer to the government, allowing the state to reap a windfall that ameliorates concerns about any instability in its financial position.

The government though, still hopes to push through the long-delayed sale this financial year, one of the sources said.

The Indian government may postpone its plans to sell its stake in Hindustan Zinc until a turnaround in the industry's fortunes, following advice from merchant bankers, two government sources told Reuters. The government though, still hopes to push through the long-delayed sale this financial year, one of the sources said.

The Indian government may postpone its plans to sell its stake in Hindustan Zinc until a turnaround in the industry's fortunes, following advice from merchant bankers, two government sources told Reuters. The government though, still hopes to push through the long-delayed sale this financial year, one of the sources said.

The Indian government may postpone its plans to sell its stake in Hindustan Zinc until a turnaround in the industry's fortunes, following advice from merchant bankers, two government sources told Reuters. The government though, still hopes to push through the long-delayed sale this financial year, one of the sources said.

The Indian government is ensuring Hindustan Zinc Ltd (HZL) does not put itself in financial trouble with its dividend distributions. A senior official stated the dividend was acceptable as long as the corporation did not have to borrow in order to provide generous payouts. Between July 2022 and the time of the report, HZL has announced dividends of INR 34,859 crore with Vedanta being the largest beneficiary with INR 22,630 crore.

Meanwhile, domestic fund houses have added 3 lakh shares in Adani Transmission and further 19 lakh shares in the group's flagship entity Adani Enterprises. According to a report by ICICI Direct Research, mutual funds have also fancied Coal India and JSW Steel in the large cap space.

The Supreme Court on Monday dismissed Vedanta's plea to direct the Centre to divest its 29.54% residual stake in Hindustan Zinc (HZL) in the open market, saying it cannot interfere with a "policy decision". A Bench led by Chief Justice DY Chandrachud, while rejecting Vedanta's application, said the company giving up on its call option was not conditional on the government having agreed to sell its stake in the open market.

StockEdge data reveals that 73 stocks were trading in the overbought zone on July 7 based on their high Relative Strength Index (RSI) values. RSI indicates the strength and momentum of a stock's price movements on a scale of 0 to 100. Stocks with RSI above 70 are potentially overvalued and may require caution before investing.

On July 8, the company’s board approved an interim dividend of Rs 7 per share but the announcement is likely to have been factored in by the market participants

The dividend payout will be 350% on the face value of Rs 2 per equity share for the financial year 2023-24, the exchange filing said. The record date for the purpose of payment of the interim dividend will be Saturday, July 15, 2023.

From a technical standpoint, the market is experiencing strong bullish momentum, Santosh Meena, Head of Research at Swastika Investmart, said. "The levels around 19,500–19,600 may act as an immediate supply zone. If this zone is surpassed, the next target levels would be 19,770 and 20,000. On the downside, a slip below the 19,300 level in the Nifty index could trigger profit booking, potentially leading to a decline toward the support levels at 19,100 and 18,888," Meena said

The returns given by Hindustan Zinc shares over the last 12 months stand at near 33% according to Trendlyne data which is higher from the returns given by Nifty50 during this time. The latter has given returns of 20%, Trendlyne data suggested.

The crossing of a stock's price above its 100 Simple Moving Average (SMA) is an important technical signal indicating a potential shift in market momentum. Several companies, including Hindustan Zinc, Indiabulls Real Estate, Deepak Fertilisers And Petrochemicals Corporation, Petronet LNG, KNR Constructions, and Sunteck Realty saw their stock prices cross the 100 SMA on July 6, 2023.

Stocks that were in focus on Thursday include names like Hindustan Zinc, which gained 8.22%, Marico, which was down 2% and JSW Steel, whose shares rose 0.3%.

In a corporate filing at both exchanges, the company stated that the decision will be taken in a meeting of its board members on July 8.

The Board of Hindustan Zinc will meet on July 8 to approve an interim dividend for the financial year 2023-24, causing shares to rally 8%. The record date for eligibility will be July 15 and the company is expected to trade ex-dividend on or a day before this date. Hindustan Zinc has one of the highest dividend yields, around 30%, having paid four dividends in the previous year.

Several stocks, including Bayer CropScience, The Federal Bank, and Restaurant Brands, crossed their 200-day Simple Moving Average (SMA) on July 4, 2023. The 200 SMA is a critical technical indicator that provides insights into a stock's long-term trend, and when a stock's price closes above it, it often indicates strength and potential upward momentum.

Natural resources company Vedanta has implemented an inclusion policy for its transgender employees. The policy includes additional medical benefits, such as a 30-day gender reaffirmation leave and financial support for gender reaffirmation surgery. Vedanta aims to create a workplace culture that celebrates diversity and equal opportunities for all individuals. Vedanta has set a strategic goal to achieve 40% inclusivity across its leadership ranks by 2050.