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Hindustan Zinc Clears Rs 3,823-Crore Tailings Plant as Reliance Sets Beverage JV and GMR Lines Up Fundraise

A policy-led rally sets the stage for trades tied to fresh corporate actions.

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Overview

  • Hindustan Zinc approved a 10 MTPA tailings reprocessing plant with up to Rs 3,823 crore in capex and a 28‑month execution target.
  • Reliance Consumer forayed into healthy functional drinks through a majority‑stake joint venture with Naturedge Beverages focused on herbal‑natural offerings.
  • GMR Airports issued a voluntary redemption notice for its non‑convertible bonds and will meet on August 21 to consider raising up to Rs 5,000 crore via instruments including QIP and bonds.
  • Vodafone Idea said uncertainty over AGR dues is delaying traditional lending discussions, prompting it to seek non‑bank funding to support capex.
  • BlueStone Jewellery & Lifestyle lists today after a Rs 1,540.65 crore IPO that was subscribed 2.7 times at a Rs 517 issue price.