Hindustan Zinc Board Ok's ₹120 Billion Capex For New Metal Complex In Rajasthan

Hindustan Zinc Ltd.'s board on Tuesday approved setting up a 250,000-tonne integrated zinc metal complex at Debari in Rajasthan, along with associated mining and milling capacities, at a capital expenditure of up to ₹120 billion. The expansion is part of the company's broader strategy to double its capacity of zinc, lead, and silver.

The new facility is expected to be commissioned within 36 months and will be funded through a mix of internal accruals and debt, the company said in an exchange filing.

Hindustan Zinc’s current capacity stands at 1.13 million tonnes, with a capacity utilisation of 93% in 2024-25. The company said the planned expansion is in response to robust demand for zinc, both in India and globally, led by the steel and infrastructure sectors.