Hindustan Zinc, a company owned by Vedanta Limited, aims to achieve a production capacity of 1.2 million tonnes (MT) by 2025, increasing to 1.35 MT in 2026 and 1.8 MT in 2027. The company's CEO, Arun Misra, stated that the company intends to invest a maximum of USD 2 billion (approximately Rs 17,000 crore) to increase its production capacity to 2 million tonnes in the coming years.
Misra stated that the company, which had already hired consultants to increase its capacity, is seeking mining partners.
"We have a plan of doubling the production to 2 million tonnes. So, I am sure by the end of this quarter, we should be able to make project announcements, which projects, how much and where it is happening." he explained.
"And then finally, sometime, we should be able to get 2 million tonnes," he explained.
When asked about the investment the company plans to make to increase production capacity, he said, "Because most of the mining infrastructure is in place, so, it is anywhere between 2 billion dollars or 1.95 or 2 billion dollars, roughly about, say, Rs 14,000 crore to Rs 17,000 crore is the kind of money that will be required."
Regarding the company's restructuring plans, he mentioned that the talks are ongoing and the stakeholders are communicating regularly. He added that since the government is also focusing on disinvesting in Hindustan Zinc, there is a reliance on that too.
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