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yesterday

Hindustan Zinc Targets Potash and Lithium in Strategic Mineral Expansion

The company formalizes its diversification beyond core metals, eyeing Rajasthan's potash block with lithium potential to reduce India's import reliance.

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Overview

  • Hindustan Zinc Ltd (HZL) plans to bid for a potash block in Rajasthan, which may also hold lithium reserves, marking a strategic move into critical minerals.
  • The company has already secured the Dugocha gold block in Rajasthan and the Balepalyam tungsten block in Andhra Pradesh as part of its portfolio expansion.
  • HZL reported a 47.3% increase in net profit for Q4 FY25, driven by record metal volumes and cost efficiencies, bolstering its financial position for growth.
  • India currently imports over 90% of its potash, primarily from Russia, Canada, Belarus, and Israel, making domestic production a key priority for agricultural security.
  • Through its subsidiary Hindmetal Exploration Services, HZL aims to become India's leading private explorer of critical minerals, participating in upcoming nationwide auctions.