Vedanta Resources PLC Hindustan Zinc declares 2nd interim dividend (9486H)

TIDMVED

RNS Number : 9486H

Vedanta Resources PLC

16 March 2018

Vedanta Resources plc

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London W1J 8DZ

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www.vedantaresources.com

16 March 2018

Vedanta Resources plc

Hindustan Zinc announces second interim dividend

Vedanta Resources plc's subsidiary Hindustan Zinc Limited today announced a second interim dividend. Below is the Hindustan Zinc release.

Hindustan Zinc Limited

"Hindustan Zinc declares second Interim Dividend of 300% or Rs 6 per share"

Udaipur, March 16, 2018: The Board of Directors of Hindustan Zinc has declared second interim dividend of 300% i.e. Rs. 6 on equity share of Rs. 2, entailing an outflow of Rs. 3,051 Crore including dividend distribution tax (DDT). The record date for the dividend will be March 26, 2018.

Together with the interim dividend of Rs 2 per share (100%) paid in October 2017, the aggregate interim dividend being paid by Hindustan Zinc during this financial year will be Rs 8 per share (400%) amounting to Rs. 4068 Crore including DDT. Of this, contribution to the Government of India will be Rs. 1,686 Crore.

For further information, please contact:

 
 Communications                    Finsbury 
 Arun Arora                        Daniela Fleischmann 
  Head, Corporate Communications    Tel: [phone] 
  Tel: [phone] 
  [e-mail] 
 Investors 
 Rashmi Mohanty                    Tel: [phone] 
  Director - Investor Relations     Tel: [phone] 
                                    [e-mail] 
 
  Sunila Martis 
  Associate General Manager 
  - Investor Relations 
 
  Veena Sankaran 
  Manager - Investor Relations 
 

About Vedanta Resources

Vedanta Resources plc ("Vedanta") is a London listed diversified global natural resources company. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland and Australia. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of trust, sustainability, growth, entrepreneurship, integrity, respect and care. To access the Vedanta Sustainable Development Report 2017, please visit http://www.vedantaresources.com/media/214366/vedanta_sd_report_2016-17.pdf. For more information on Vedanta Resources, please visit www.vedantaresources.com

Disclaimer

This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and/or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

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March 16, 2018 03:00 ET (07:00 GMT)