Announced Sat, 27 Jun · 20:08 IST
Hindustan Zinc gets Composite Licence for Rare Earth block in UP
Capex & Operations View source PDF
HINDZINC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.0%1-day move
₹518.85
prior close
₹518.05
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.0+0.7+0.5+1.2+3.0+1.1+2.0+3.2+4.0+2.5+0.7———
Up moveDown movePending
AI summary
Hindustan Zinc has been granted a Composite Licence by the Uttar Pradesh government for the Nawatola Laband Rare Earth Elements (REE) Block in Sonbhadra district, UP. The block covers 210.01 hectares. The licence, granted under the MMDR Act, 1957, allows HZL to carry out reconnaissance, prospecting, and exploration activities. Upon successful exploration and meeting the conditions under the MMDR Act and Mineral Auction Rules, HZL will become eligible for a Mining Lease.
Likely market impact
Positive for long-term growth: HZL gains exploration rights to a potential Rare Earth asset, supporting its critical minerals diversification plans.