Hindustan Zinc Sets 2 MMTPA Capacity Target with Rs. 30,000 Cr. Investment
Hindustan Zinc Ltd. (HZL), a subsidiary of the Vedanta Group, has announced its expansion plans with an investment of Rs. 30,000 crore. The company plans to expand its metal production capacity to 2 Million Metric Tonnes Per Annum (MMTPA) over the next few years.
Hindustan Zinc Plans Brownfield & Greenfield Expansions
Hindustan Zinc is planning to reach its targeted production capacity through brownfield and greenfield expansions. Hindustan Zinc will expand capacity at its existing mines and will also set up a new smelter plant. According to Mr. Arun Misra, CEO of Hindustan Zinc, the company is targeting production capacity of 1.2 Million Metric Tonne (MMT) in 2025, followed by 1.35 MMT in 2026, and 1.8 MMT in 2027.
Hindustan Zinc Reports Decline in Mined Metal Production During Q3 FY-25
There was a recent fall in the company’s total mined metal production during Q3 of FY-25.
Hindustan Zinc reported its mined metal production for Q3 of FY-25 at 265 Kilo Tonnes (KT) which marks a 2% YoY decrease in the company’s mined metal production from Q3 of FY-24. This decline in mined metal production is attributed to reduced ore production at Hindustan Zinc’s Agucha and Sindesar Khurd mines in Rajasthan.
Hindustan Zinc’s refined or saleable metal production during Q3 FY-25 stood at 259 KT. The company reported that refined metal production remained flat YoY, but experienced a slight decline by 1% in Q3 of FY-25 from 262 KT in Q2 of FY-25. This decrease was due to a maintenance shutdown during third quarter of FY-25.
Interestingly, earlier in July 2024, the company introduced EcoZen, Asia’s first brand of Zinc with a low-carbon footprint.
About Hindustan Zinc Ltd.: Hindustan Zinc Limited, a subsidiary of Vedanta Group, is a leading producer of zinc, lead and silver in India. Based in Udaipur, the company operates major mining and smelting plants in Rajasthan and Uttarakhand. Hindustan Zinc reported a revenue of Rs. 8,004 crore and consolidated Profit After Tax (PAT) of Rs. 2,327 crore during Q2 of FY-25.
