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Vedanta group firm Hindustan Zinc Ltd (HZL) is likely to spend about USD 500-600 million (around Rs 5,000 crore) in the current financial year, with most of the capital earmarked for projects already underway and a smaller portion reserved for new initiatives, its Chief Executive Officer Arun Misra said. In an interview to PTI, Misra said roughly 80 per cent of the guidance is intended for projects that are currently running, while about 20 per cent will be allocated to new projects that the firm plans to announce soon. He added that the group's total project capacity is about 1 million tonnes, of which 250,000 tonnes (25 per cent) has already been approved with a capex of Rs 12,000 crore covering mining and mineralisation. Orders for mining have been placed and construction of the smelter has started, but milling and concentrate-related orders are yet to be finalised, the CEO said. The remaining capacity will require investment in a similar proportion to reach 650 KT, with the ...
Vedanta group firm Hindustan Zinc Ltd (HZL) on Friday reported over two-fold jump in consolidated net profit to Rs 5,469 crore for the quarter ended June 30, 2026 on the back of higher metal prices, and increased metal production. The company had posted a net profit of Rs 2,234 crore in the corresponding quarter of the previous fiscal. "During the quarter, net profit stood at Rs 5,469 crore, up 145 per cent Y-o-Y," HZL said in a regulatory filing. The revenue of HZL rose by 71.6 per cent to Rs 13,033 crore during the first quarter over Rs 7,591 crore in the year-ago period. The revenue from operations rose "driven by higher metal prices, increased metal production, lead concentrate sale, higher by-product realisation, and a stronger dollar," HZL said. The board also appointed former SAIL Chairman and Managing Director Amarendu Prakash as the Chief Executive Officer and Whole-time Director of Hindustan Zinc with effect from August 1, 2026. The company further said that Amit Gupta
India's push for self-reliance in critical minerals is reshaping governance priorities for mining and metals companies, with industry experts calling for communication to become an integral part of board-level decision-making. With the government prioritising supply security for minerals such as lithium, nickel and rare earths to support electric vehicle, clean-energy ambitions and changing geopolitical situations, companies are facing a governance shift that goes beyond capital, technology and regulatory clearances. They said successful project execution will increasingly depend not only on capital, technology and regulatory approvals but also on stakeholder confidence and the ability to sustain a social licence to operate. Sunil Duggal, former Group CEO, Vedanta Group and Former CEO, Hindustan Zinc, and current CEO, Bhumi Ventures, said the role of boards has expanded significantly as mining projects become more stakeholder-driven. "The role of boards has changed fundamentally. .
Vedanta group firm Hindustan Zinc Chairperson Priya Agarwal Hebbar on Monday said technology will be crucial to the company's next phase of growth, with increased investments in automation, artificial intelligence, advanced analytics, and intelligent mining systems to improve productivity, precision, and safety. "Our ambition is to become a future-ready energy transition company, building strength across multiple metals and critical minerals that support India's industrial growth and strengthen global supply chains," she said while addressing shareholders at the company's 60th Annual General Meeting (AGM). The company is positioning itself for the next phase of the global energy transition by expanding beyond zinc and foraying into critical minerals, downstream manufacturing and technology-led mining, according to the Chairperson. Hebbar said that shifting geopolitics, artificial intelligence, evolving global supply chains and the energy transition are fundamentally reshaping the ..