Hindustan Zinc likely to turn net debt-free by FY’26: Report

New Delhi: Vedanta group firm Hindustan Zinc Ltd (HZL) is likely to turn net debt-free by the next financial year despite significant investment in capacity expansion, according to a report. According to brokerage firm Ventura Securities global demand for base metals -- zinc and lead, is expected to grow at a CAGR of 6/7 per cent...

Domestically, India is a net exporter of zinc while having a deficit in lead supplies. Both these circumstances are favourable to HZL. “HZL is expected to turn net debt-free by FY26,” it said. The country’s largest producer of zinc, lead and silver had earlier said that it expects to reduce its debt to about Rs2,000 crore by March-end from about Rs6,000 crore at the end of the September quarter. Silver is fast gaining traction for investment demand and its use cases in industrial applications is only rising. The timely expansion in silver production capacities augers well given the exploding demand, the report said.