Overview
- Hindustan Zinc’s board approved a ₹12,000 crore plan to double zinc, lead and silver output and expand matching mines and mills capacity
- The project includes a new 250 ktpa integrated smelter at Debari in Rajasthan with completion targeted within 36 months
- The company will fund the expansion through internal accruals and debt and expects revenue to reach ₹42,000 crore with EBITDA of ₹22,000 crore post-completion
- The investment aligns with projections that India’s zinc demand will double over the next 5–10 years driven by infrastructure and steel production growth
- Shares slipped 5–7% after Vedanta sold up to ₹7,500 crore of Hindustan Zinc stock via block deals, reflecting investor concern over promoter stake dilution