Hindustan Zinc to raise ₹500 crore via private placement of NCDs

Vedanta Group firm Hindustan Zinc Ltd on Monday (March 10) said it has approved the issuance of unsecured, redeemable, rated, listed, non-convertible debentures (NCDs) aggregating up to ₹500 crore through private placement. The company’s Committee of Directors approved the issuance on March 10, 2025.The NCDs will be issued in three separately transferable and redeemable principal parts (STRPPs): ₹100 crore under STRPP 1, ₹100 crore under STRPP 2, and ₹300 crore under STRPP 3. In total, up to 50,000 debentures will be issued, with 10,000 debentures each under STRPP 1 and STRPP 2, and 30,000 under STRPP 3.
The cumulative principal amount of the issuance will not exceed ₹500 crore. The funds will be raised through private placement.
Also Read: Hindustan Zinc OFS: Government plans to sell 2.5% stake in Vedanta UnitHindustan Zinc reported a 2% year-on-year decline in mined metal production for the third quarter of the current fiscal year, totalling 265 kilotonnes (kt). The decrease was primarily due to lower ore production at the Agucha and SK mines, though this was partly offset by improved mined metal grades and mill recovery.

However, the company’s mined metal output rose 3% compared to the previous quarter, driven by higher grades and increased production at the Agucha and Zawar mines. Refined metal production for the quarter stood at 259 kt, flat compared to the same period last year and down by 1% sequentially, mainly due to a planned maintenance shutdown.

Shares of Hindustan Zinc Ltd ended at ₹426.70, down by ₹2.35, or 0.55%, on the BSE.

Also Read: Hindustan Zinc Q2 Results: Net profit rises 35% to ₹2,327 crore, margin expands 380 bps