Hindustan Zinc to invest Rs. 8,000 crore in next 3-5 years.

Hindustan Zinc Ltd. (HZL) will invest Rs. 8,000 crore in the next 3-5 years as the Vedanta Group firm looks to expand operations and capacity.

The firm aims to take the existing ore production levels of 9.36 million tonnes per annum (MTPA) to 14 MTPA and finished metal production to 1.10 MTPA from 0.85 MTPA, Hindustan Zinc said in a statement.

'As the company celebrates its Golden Jubilee year, it is all set to invest another Rs 8,000 crore in the coming 3-5 years on expansion of its mines and smelting operations,' it added.

Vedanta Group Chairman Anil Agarwal said: 'When we acquired HZL as part of government's disinvestment programme in 2002, our focus was to make India self-sufficient in zinc.

'We are very proud that by adopting latest environment friendly technology, large investment in capacity expansions and continuous exploration, HZL is able to increase production five-fold and yet have reserves for another 30 years.'


ET