Hindustan Zinc Ltd part of the Vedanta Group, has announced a RS12,000 crore expansion plan

Hindustan Zinc Ltd, part of the Vedanta Group, has announced a Rs 12,000 crore expansion plan to double its zinc, lead, and silver production. This includes a new smelting facility in Debari, Rajasthan, along with increased mining and milling capacity. The project is expected to be completed in 36 months and will be funded through internal accruals and debt.

Following the announcement, Hindustan Zinc's stock fell 4.5 percent to Rs 489.85 on Monday. CEO Arun Misra highlighted the strategic alignment of this expansion with India's growing infrastructure needs. An investor call is scheduled for June 17 at 4 pm IST to discuss further details.