Hindustan Zinc announced a major investment of ₹12,000 crore to increase its integrated refined metal capacity by 250 kilotonnes per annum (KTPA) for doubling its total production capabilities. The board-approved decision includes mine and mill improvements across different sites and will be financed through internal cash reserves and debt funding.
Hindustan Zinc operates at 93% of its 1,129 KTPA capacity while planning to increase metal production to 2,000 KTPA and silver output to 1,500 tonnes during the next five years. The company initiates its expansion plan which supports India’s infrastructure development and the increasing steel sector demand for zinc.
The company will construct a 250 KTPA integrated smelter at Debari in Rajasthan’s Udaipur district which will require 36 months for completion. The company’s CEO Arun Misra stated that this initiative supports India’s goal of zinc self-sufficiency while following the national economic growth trajectory.
Hindustan Zinc’s aggressive expansion plan positions the company to become a leading supplier of zinc products for future industrial needs because global markets currently face a zinc supply shortage.
