Hindustan Zinc to invest Rs 8,000 cr over next 3-5 years

Company to increase ore production to 14 million tonne from 9.36 million at present

Vedanta Group company Hindustan Zinc is planning to invest Rs 8,000 crore over the next 3-5 years to increase its ore and finished metal production.

The current ore production of the company stands at 9.36 million tonne, which the company plans to take to 14 million tonne and finished metal production to 1.10 million tonne from 0.85 million tonne now.

The company has its mines located in Agucha, Sindesar Khurd, Zawar, Rajpura Dariba, and Kayad, all in Rajasthan. The smelters are located in Dariba, Chanderiya and Debari, also in Rajasthan.

The company is also looking to set-up a new fertiliser plant with a capacity to manufacture 0.5 million tonne of di-ammonium phosphate in Debari in district Udaipur with an estimated investment of Rs 1,350 crore.

As the company celebrates its Golden Jubilee year, it is all set to invest in the coming 3-5 years on expansion of its mines and smelting operations, it said in the release.