Hindustan Zinc Lines Up $2-Bn Production Capex

New Delhi: Vedanta Group firm Hindustan Zinc Ltd (HZL) plans to pump in up to $2 billion (Rs17,000 crore) to double its production capacity to 2 million tonnes (MT) in the next few years, its CEO Arun Misra said. The company, which had already engaged consultants to ramp up its capacity is looking for mining partners for the same, Misra told.

“We have a plan of doubling the production to 2 million tones. So, I am sure by the end of this quarter, we should be able to make project announcements, which projects, how much and where it is happening.” he explained.

The company is targetting a production capacity of 1.2 million tonnes (MT) in 2025, followed by 1.35 MT in 2026 and 1.8 MT in 2027, Misra said. “And then finally, sometime, we should be able to get 2 million tonnes,” he explained.

Vedanta Group holds 64.92 per cent in HZL, while the government has 29.54 per cent and LIC holds 2.76 per cent.