Please refer the enclosed intimation

Hindustan Zinc's Board has approved the first phase of its 2x growth plan: a 250,000 TPA integrated refined metal expansion at Debari with an investment of about Rs. 12,000 crores, taking total metal capacity to 1.379 MTPA and mining capacity to 1.5 MTPA. Long-term target is to double capacity to 2 MTPA of metal (1.6 MT zinc) and 1,500 TPA silver by FY31, with silver scaling as lead smelter expansion is announced. Total 2x growth CAPEX of Rs. 32,000-35,000 crores will be spread over 5 years (peaking in FY28-FY30), funded through a mix of debt and internal accruals; the first phase takes 36 months and starts generating cash from year 4. Projected revenue at peak 2 MTPA capacity is Rs. 60,000-65,000 crores with EBITDA of Rs. 34,000-42,000 crores, and ~Rs. 50,000 crores of free cash flow pre-growth CAPEX over the next 5 years. Smelter CAPEX is benchmarked at $2,500/ton vs global $3,500/ton; cost target maintained around $1,000/ton and industry-leading ~50% margins; commodity assumptions used were zinc $2,650, lead $1,950, silver $34. Net metal reserves surpassed 13 million tons in March, with total resources of 453.2 million tons supporting a 25-year mine life.