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Hindustan Zinc is going big. Its board just approved a ₹12,000 crore expansion plan to double production capacity of zinc, lead, and silver over the next 36 months.
What matters: the project includes a new 250 ktpa smelter at Debari, along with expanded mines and mills. The company wants to ride the wave of soaring demand, both at home and globally, while helping India become self-reliant in zinc.
Zoom out: Zinc and silver may not grab headlines like lithium or copper, but they’re quietly powering the future.
Zinc is critical for steel galvanization, battery tech, and renewables, while silver demand is skyrocketing with the growth of solar energy and electronics.
India’s industrial output is expected to grow over 7% annually for the next five years, and metals like zinc are foundational to this capex cycle.
Add to that growing defence, infra, and power sector spend, and Hindustan Zinc’s expansion could cement its position as a core supplier to India's growth engine.
Worth noting: on the same day as the expansion news, HZL also announced a ₹10/share interim dividend. That translates to a ₹2,679 crore payday for parent company Vedanta, which owns 63.5% of the stock.
Shares of Hindustan Zinc closed up 5.1% on Tuesday, and are up nearly 9% over the past month.
