Finance Minister P Chidambaram on Monday said the mines ministry had moved a note for the sale of the government’s residual stake in Hindustan Zinc Ltd (HZL) and Bharat Aluminium (Balco).

The matter would go to the Cabinet and the finance ministry would give its views in due course, he said. And, declined to comment on the pricing, noting he’d earlier recused from this matter.

Anil Agarwal's Vedanta group has offered to sweeten its offers for acquiring the remaining government stakes in Hindustan Zinc (HZL) and Balco.

With the monsoon below normal this year and particularly patchy across a few regions, Gujarat, Karnataka and Maharashtra are exploring cloud-seeding options to bring rains.

Hindustan Zinc plans to plant 70,000 saplings at its Rampura Agucha zinc mine in Rajasthan.

Hindustan Zinc has decided to plant one lakh saplings at its sites in Rajasthan to mark World Environment Day. Its zinc-producing mine at Rampura Agucha in Bhilwara district has started plantation of 70,000 saplings as part of the ambitious drive.

Inaugurating the drive on Tuesday, Bhilwara Collector Onkar Singh said the district administration would make available wasteland to Hindustan Zinc to include it in its plantation drive. “This unique initiative will surely become a benchmark for other corporate groups to follow.”

Hindustan Zinc, a Vedanta Group company, has joined hands with Rajasthan Government to build a sewage treatment plant (STP) in Udaipur with an investment of Rs 170 crore.

Billionaire Anil Agarwal’s Vedanta Group has offered Rs 17,000 crore ($3.4 billion) to buy the government’s remaining stakes in Hindustan Zinc Ltd and Bharat Aluminium Co, a ministry official said.

A panel of bureaucrats from ministries, including law, corporate affairs, finance and mining, met yesterday and decided to seek the advice of a group of ministers on the proposal, Vishwapati Trivedi, secretary at the ministry of mines, told reporters in New Delhi.

The successfully concluded $8.48-billion Cairn-Vedanta deal has come “under cloud” following instances of serious human rights violations, default of payment, environmental damage in its mining and

Nearly 15 months after first announcing the deal, Vedanta Resources on Thursday announced the completion of its acquisition of a controlling stake in Cairn India.

The Home Ministry has given its approval to London-listed miner Vedanta Resources' buying majority stake in Cairn India for $8.7 billion.

The Home Ministry, while giving the security no-objection certificate (NOC), highlighted eight areas of concern, including 64 legal proceedings against Vedanta and its subsidiaries in various courts, sources privy to the development said.