Hindustan Zinc Stock Surges Over 5% After Emerging As Top Bidder For This Mineral Block
The shares of world's top integrated zinc producer surged as much as 5.58% to hit an intra-day high of Rs 593.95 apiece after the company emerged as the successful bidder for a potash and halite block in Rajasthan, comprising of a 1,841.2 hectares in total area.
- Republic Business
- 2 min read
Hindustan Share Price: The shares of world's top integrated zinc producer surged as much as 5.58% to hit an intra-day high of Rs 593.95 apiece after the company emerged as the successful bidder for a potash and halite block in Rajasthan, comprising of a 1,841.2 hectares in total area.
The major zinc and lead supplier noted informed the bourses that it has been declared as a 'Successful Bidder' for the Jhandawali – Satipura amalgamated potash and halite Block of Rajasthan.
“The Company has been declared as 'Successful Bidder' for the Jhandawali – Satipura Amalgamated Potash and Halite Block of Rajasthan (on highest Final Price Offer of 03.05%) via notification dated April 12, 2026 (received at 05:32 PM IST). As per the tender document, the Jhandawali – Satipura Amalgamated Potash and Halite Block is at G3 level of exploration with total area of 1841.22 hectares for the block,” according to an exchange filing.
The tender dated January 20, 2025, was for Tranche V of critical and strategic mineral blocks auctions, inviting tenders to participate in E-auction for grant of Composite Licenses. The Company had participated in the live E-auction for grant of the stated Composite Licenses, it noted.
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Hindustan Zinc I Q4 Results
In Q3FY26, the Vedanta Group led Hindustan Zinc posted a 46% rise in its consolidate net profit to Rs 3,916 crore for the third quarter of the financial year. In the same period previous year, the net profit stood at Rs 2,678 crore.
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On a sequential basis, profit rose 47.8% from Rs 2,649 crore,. The Vedant Group firm credited the growth to higher production and low cost.
The company's revenue from operations surged 27.8% year on year (YoY) basis to 10,627 crore from Rs 8,315 crore in Q3FY25. Sequentially, revenue rose 28.3% from Rs 8,282 crore in Q2FY26.
As of 11:11 AM, the shares of Hindustan Zinc was trading 3.85% higher at Rs 584.20 per share.