June 17, 2025 | Mumbai — Hindustan Zinc Ltd (HZL) has secured board approval to invest ₹12,000 crore in a capacity expansion project. The plan includes setting up a 250 KT integrated zinc smelter at Debari, plus expansions in mining and milling, slated for completion within 36 months.
This strategic investment aligns with the company’s ambition to double its production of zinc, lead, and silver, meeting rising domestic and global demand. For FY25, HZL reported robust growth—₹34,083 crore revenue (+18% YoY) and ₹10,353 crore PAT (+33%).
The decision follows promoter Vedanta’s block sale of ~₹7,500 crore in HZL shares, causing a ~6% dip in the stock price that day . Analysts from DAM Capital and Citi facilitated the transaction, reportedly offering shares at a ~10% discount.
This expansion reinforces HZL’s commitment to securing metal supply independence and strengthening India’s position in global non-ferrous markets.
