Hindustan Zinc Shares Rise 3% as Board Plans to Consider Fundraising Through NCDs

Hindustan Zinc shares climbed 2.91% to ₹423.20 during morning trade on March 6, as the company’s board is set to meet on March 10 to consider raising funds through non-convertible debentures (NCDs) on a private placement basis.
The company stated that the fundraising plan is subject to market conditions and follows a resolution passed on January 28, 2025.

Net profit surged 32% YoY to ₹2,678 crore, driven by higher income.
Total income rose 16.12% YoY to ₹8,832 crore in Q3 FY25.
Expenses increased to ₹5,305 crore, compared to ₹4,937 crore in the same period last year.
As of December 31, 2024, Hindustan Zinc held ₹8,153 crore in cash and investments, with total outstanding borrowings of ₹12,270 crore.