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hindustan zinc: Zinc International deal with Vedanta off the table; Indian demand offsets global demand dip: HZL CEO

Arun Misra, CEO of Hindustan Zinc, stated that there is currently no proposal for the board to consider the decision made at the annual general meeting. He also mentioned that while global demand for zinc has been slow, the Indian market remains strong. Misra expects zinc prices to remain range-bound between $2400 and $2600 per ton for the next few months. Despite the concerns, Hindustan Zinc remains profitable and cash-generating with an EBITDA level of 46%. Misra also commented on the government s divestment plans, suggesting that small tranches would be more feasible for the market to absorb. ....

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