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JSW Steel lays out Rs 12,000-cr capex plan for H2FY24

JSW Steel lays out Rs 12,000-cr capex plan for H2FY24
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hzl: Hindustan Zinc Limited won t borrow to keep paying dividends, says CEO

Hindustan Zinc (HZL) will not borrow to pay dividends, according to its CEO, Arun Misra. Misra said the company s financial standing was robust enough to finance acquisition plans, as dividend payments had benefited all stakeholders, including minorities. The Indian government, which has a 29.54% stake in HZL, had expressed concern that the company s borrowing proceeds would be used to extend dividends.

Foxconn may partner with TSMC and TMH to set up semiconductor units in India: Report

dividend payout: Government eye on HZL dividend payout

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.

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