HZL's ₹12,000 Crore Zinc Surge: Doubling Down on India's Growth

Hindustan Zinc (HZL), a Vedanta Group company, has announced a ₹12,000 crore investment to set up a 250 KTPA integrated zinc metal complex in Debari, Rajasthan, as part of its “2X growth” strategy. The board-approved project aims to double HZL’s production capacity across zinc, lead, and silver, aligning with long-term sustainability and clean energy goals.

The new facility, backed by expanded mining and milling operations, is slated for completion within 36 months and will be funded through a mix of internal accruals and debt. With India’s zinc demand expected to double over the next 5–10 years—driven by infrastructure expansion and a projected steel output of 300 MTPA by 2030—this development is strategically timed.

Once operational, the new smelter will increase HZL’s smelting capacity from 1.13 MTPA to 2 MTPA and silver refining from 800 TPA to 1,500 TPA. Mining and milling capacity will rise to 35 MTPA to support the scale-up.

As part of its sustainability push, HZL is ramping up production of EcoZen—its green zinc brand made using renewable energy—which emits 75% less carbon and supports clean technologies such as solar, wind, and electric vehicles.

News by Rahul Yelligetti.