Please find enclosed.
Awaiting price reaction for this filing.
Hindustan Zinc's Board has approved the first phase of its 2X growth plan: setting up a new 250 KTPA (kilotonnes per annum) integrated zinc smelter at Debari, along with matching mining and milling capacity expansions across its mines. The total project cost is around ₹12,000 crore, to be funded through internal accruals and debt. The project is targeted for completion within 36 months. The company already runs its existing 1,129 KTPA metal capacity at 93% utilization in FY25, so this expansion will meaningfully scale it up to meet rising domestic zinc demand driven by steel production and infrastructure growth.
A significant capacity expansion that positions Hindustan Zinc to capture India's growing zinc demand from steel and infrastructure. The ₹12,000 crore capex is sizeable and will need both internal funds and debt, but it sets the stage for long-term revenue and earnings growth for shareholders.