FINWIRES · TerminalLIVE
FINWIRES

Hindustan Zinc Signs MoU for New Ecological Restoration Project in Rajasthan, India

By

Zinc producer Hindustan Zinc (NSE:HINDZINC, BOM:500188) has signed a memorandum of understanding with The Energy and Resources Institute (TERI) to develop a 250-hectare ecological restoration project in Rajasthan, India, according to a Saturday filing to the Indian stock exchanges.

The project will be located at Hindustan Zinc's Chanderiya lead zinc smelter complex in the Chittorgarh district of Rajasthan.

The company has already restored 22.25 hectares of industrial wasteland at the Jarofix yard of the Chanderiya lead zinc smelter complex using TERI's Mycorrhiza technology.

Related Articles

Asia

HD Hyundai Heavy Wins KRW360.7 billion Order for Two VLGCs from Europe; Shares Decline 5%

HD Hyundai Heavy Industries (KRX:329180) won an order for two very large gas carriers (VLGCs) from a Europe-based shipping company, according to a Monday filing with the Korean Exchange.The deal is valued at 360.7 billion won. The shipbuilder will deliver the vessels by Nov. 30, 2029.Shares of the company fell nearly 5% in recent trade.

$KRX:329180
Asia

Industrial Bank Issues 40 Billion Yuan in Tier-2 Capital Bonds

Industrial Bank (SHA:601166) issued its second tranche of Tier-2 capital bonds for the year, which amounts to 40 billion yuan, according to a Shanghai bourse filing on Saturday.The bond has a coupon rate of 1.88% and a term of 10 years, with a conditional redemption at the end of the fifth year.Proceeds will be used to supplement the company's Tier-2 capital.

$SHA:601166
Asia

Adani Ports Forms New Subsidiary in UAE for Shipping Management

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) has incorporated a subsidiary, Harbour International Shipping, in the UAE for the management and operation of ships, according to a Friday filing to the Indian stock exchanges.The new entity is wholly owned by The Adani Harbour International, a step-down subsidiary of the company.Harbour International has been formed to conduct its offshore operations locally in the UAE, as Adani looks to diversify its fleet globally.

$BOM:532921$NSE:ADANIPORTS