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Hindustan Zinc to invest Rs 14,000 cr in next 5 years to raise capacity

At present, the company is in the final leg of plan to raise capacity to 1.2 million tonnes, from 0.8 million tonnes

HZL, Hindustan Zinc Ltd
Representative Image. Photo: Twitter @Hindustan_Zinc

Hindustan Zinc (HZL), the country’s largest miner for this metal and part of the London-based Vedanta group, has prepared an investment plan for $2 billion (Rs 14,000 crore) over the next five years, to raise annual capacity to 1.5 million tonnes (mt) from the current 0.8 mt. “Work is in the planning stage for capacity expansion to 1.35 mt, which will take two to three years. Then, we aim to go to 1.5 mt, which will take another two years,” Sunil Duggal, chief executive officer, said.  At present, the company is in the final leg of plan to raise capacity ...