Hindustan Zinc Ltd gained for a third straight session today. The stock is quoting at Rs 502.4, up 1.17% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 25372.35. The Sensex is at 82952.82, up 0.07%. Hindustan Zinc Ltd has risen around 1.35% in last one month. Meanwhile, Nifty Metal index of which Hindustan Zinc Ltd is a constituent, has risen around 3.62% in last one month and is currently quoting at 9370.65, up 1.31% on the day. The volume in the stock stood at 14.25 lakh shares today, compared to the daily average of 56.73 lakh shares in last one month.The PE of the stock is 25.66 based on TTM earnings ending June 24.Powered by Capital Market - Live

Hindustan Zinc announced that its top quality zinc has been used in the galvanization process for India's heaviest transmission steel pole structure. The massive 400 kV (kilovolts) dual pole structure standing approximately 57 meters tall, underwent galvanization process utilizing a mix of Hindustan Zinc's low-dross jumbo special high grade zinc and special high grade (SHG) zinc ingots. The zinc galvanization process protects the intricate structure from corrosion and forms a barrier against air, water, heat and pollution thereby enhancing the structural integrity of the dual pole. The structure, designed and manufactured by Skipper Limited, is part of the 400 kV Quad Moose DC Transmission Lines Project under the proposed Pinnapuram Integrated Renewable Energy with Storage Project in Andhra Pradesh. Skipper, India's largest power transmission and distribution structure manufacturer, operates one of the country's largest galvanizing facilities at its West Bengal plant. The dual pole structure weighing over 200 metric tons offers a significantly optimized design compared to traditional four-legged lattice towers, making it ideal for metro cities and urban areas with space constraints. To protect against corrosion, the dual pole structure underwent galvanization employing a mix Hindustan Zinc's low-dross jumbo special high-grade zinc and special high grade (SHG) ingots, that involves the application of a zinc coating to steel, thereby forming a metallurgical bond with steel and creating a strong protective coating. The zinc layer extends the structure's lifespan by about 30-35 years. For the galvanization process, the heaviest structure utilized Hindustan Zinc's special high grade zinc and innovative low-dross (mineral waste on the surface of ingot) jumbo special high-grade zinc that offers convenience and simplifies handling & loading owing to its sheer size & weight. The galvanized dual pole was dispatched to Andhra Pradesh, a coastal region prone to corrosion. Zinc's protective layer is essential for coastal areas, where high humidity, salt and moisture accelerate corrosion and compromise structural integrity. Zinc's sacrificial properties that protect steel make it vital for strengthening India's infrastructure, including public infrastructure, railways, roadways, bridges and power transmission. The galvanization process acts as a continuous protective shield for steel, preventing corrosion, reducing maintenance and replacement costs. According to the International Zinc Association's report titled 'New Corrosion Map of India', based on over 8 years of testing in 5 Indian cities, the average cost of corrosion up to 5% of the country's GDP. India's cost of corrosion is higher than other major countries due to lower utilization of galvanized coatings. It is much simpler and more cost-effective to prevent corrosion than to repair or replace the damaged equipment or component that failed because of corrosion. Powered by Capital Market - Live

Hindustan Zinc has fixed 28 August 2024 as record date for second interim dividend of Rs 19 per share for FY 2024-25. Powered by Capital Market - Live

The record date for the purpose of payment of dividend is Wednesday, 28 August 2024. At yesterday's closing price of Rs 495.75, the said dividend translates to a dividend yield of 3.83%. Hindustan Zinc, a Vedanta Group company, is an integrated producer of zinc, lead and silver. As of June 2024, Vedanta held 64.92% stake in the company. The company's consolidated net profit increased 19.4% t Rs 2,345 crore during the quarter as compared with Rs 1,964 crore in Q1 FY24. Revenue from operations jumped 12% YoY to Rs 8,130 crore in Q1 FY25. Powered by Capital Market - Live

Hindustan Zinc announced that the Board of Directors of the Company at its meeting held on 20 August 2024, has recommended a Second Interim dividend of Rs.19 per share (i.e.950%), subject to the approval of the shareholders.Powered by Capital Market - Live

Caplin Point Laboratories Ltd, Chemplast Sanmar Ltd, Tamilnad Mercantile Bank Ltd, Metropolis Healthcare Ltd are among the other stocks to see a surge in volumes on BSE today, 19 August 2024.Hindustan Zinc Ltd recorded volume of 14.09 lakh shares by 10:46 IST on BSE, a 6.15 times surge over two-week average daily volume of 2.29 lakh shares. The stock lost 4.64% to Rs.495.85. Volumes stood at 9.4 lakh shares in the last session.Caplin Point Laboratories Ltd registered volume of 57286 shares by 10:46 IST on BSE, a 4 fold spurt over two-week average daily volume of 14328 shares. The stock rose 11.16% to Rs.1,762.70. Volumes stood at 12416 shares in the last session.Chemplast Sanmar Ltd registered volume of 4.6 lakh shares by 10:46 IST on BSE, a 3.83 fold spurt over two-week average daily volume of 1.20 lakh shares. The stock rose 0.83% to Rs.498.40. Volumes stood at 13819 shares in the last session.Tamilnad Mercantile Bank Ltd clocked volume of 28303 shares by 10:46 IST on BSE, a 2.95 times surge over two-week average daily volume of 9582 shares. The stock gained 2.66% to Rs.463.15. Volumes stood at 3251 shares in the last session.Metropolis Healthcare Ltd recorded volume of 10555 shares by 10:46 IST on BSE, a 2.44 times surge over two-week average daily volume of 4328 shares. The stock gained 2.39% to Rs.2,123.05. Volumes stood at 7780 shares in the last session.Powered by Capital Market - Live

Hindustan Zinc has fixed 28 August 2024 as record date for second interim dividend, if any, for FY 2025. Powered by Capital Market - Live

Hindustan Zinc will hold a meeting of the Board of Directors of the Company on 20 August 2024.Powered by Capital Market - Live