Hindustan Zinc share price: Hindustan Zinc says no change in dividend policy

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New Delhi: Vedanta group agency Hindustan Zinc Ltd (HZL) on Wednesday mentioned that there isn’t a change to its dividend coverage and it’ll adhere to it. The assertion comes a day after the corporate deferred its board assembly which was to contemplate interim dividend for FY22.

“Additional to our inventory alternate announcement yesterday, we wish to inform you that the board assembly was deferred. We wish to reiterate that the dividend is a matter for the board’s consideration. Additionally, there isn’t a change to our dividend coverage and we are going to adhere to it,” HZL mentioned in a press release.

HZL on Tuesday mentioned its board assembly scheduled on August 17 to contemplate interim dividend for FY2021-22 has been deferred. The corporate didn’t give the explanation for the deferment of the assembly.

Hindustan Zinc is a number one zinc-lead miner. The corporate is subsidiary of Vedanta Ltd which owns 64.9 per cent stake within the firm whereas the Centre retains a 29.5 per cent stake. HZL reported a forty five.9 per cent rise in internet revenue to Rs 1,983 crore for the quarter ended on June 30, 2021, pushed by a restoration in metallic costs and better volumes.

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