India aims to lead in sustainable critical mineral production, per Hindustan Zinc s Chairperson Priya Agarwal Hebbar. These minerals, including cobalt, copper, lithium, nickel, and rare earths, are crucial for clean energy technologies such as wind turbines and electric cars.
India is targeting a wind power capacity of 140 GW by 2030 more than 3 times the current capacity of 40 GW. The demand for minerals which are required to build this infrastructure will grow exponentially, the Vedanta chairman wrote in a post on X (formally Twitter)
Vedanta Aluminium: Aluminium that enables several forms of modern transportation, has established itself as a critical raw material for automotive manufacturing. On average, an internal combustion (IC) engine vehicle contains nearly 180 kg of aluminium, butt an electric vehicle contains nearly 260 kg now.
Bajaj Finance, Nestle India, Vedanta, Tech Mahindra, IndusInd Bank, L&T Technology and ACC will announce the results for March 2024 quarter later today.
Q4 Earnings LIVE updates: Tech Mahindra is expected to report a decline in Q4 revenue due to continued weakness in its telecom business. Meanwhile, Bajaj Finance may report a robust report, driven by growth in assets under management (AUM).
Vedanta Q4 earnings: Kotak Institutional Equities sees Vedanta reporting 34.20 per cent YoY drop in adjusted profit at Rs 2,038.70 crore compared with Rs 3,099 crore YoY.
HZL Q4 results review: Motilal Oswal said the Q4 performance of Hindustan Zinc was largely in line with its estimates. HZL continues to focus on improving production with tight cost control, it said.
The miner reported a 21 percent drop in fourth-quarter net profit to Rs 2,038 crore from a year earlier on April 19, as zinc prices remained depressed amid supply outpacing demand growth.