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Hindustan Zinc's Board has approved setting up a 250 kiloton integrated zinc metal complex at Debari along with associated mining and milling capacities. The total capital expenditure is pegged at up to INR 12,000 crore. This is part of the company's 2x growth plan, which aims to double its production capacity. An investor call was held the same day at 16:00 IST to share further details. The project marks a key milestone in the company's expansion roadmap.
This is a large-scale growth investment that signals strong confidence in future zinc demand. While the capex may pressure near-term cash flows and return ratios, successful execution should support long-term volume and earnings growth for shareholders.