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Hindustan Zinc
SectorMetals & Mining
Hindustan Zinc Ltd, a Vedanta Group subsidiary, is India's market leader in zinc, lead, and sulphuric acid production. The company operates five zinc-lead mines, four zinc smelters, one lead smelter, one zinc-lead smelter, eight sulphuric acid plants, one silver refinery, six captive thermal power plants, and four captive solar plants in Rajasthan. It also has a rock-phosphate mine near Udaipur and processing facilities in Uttarakhand. The company's operations include wind power plants in Rajasthan, Gujarat, Karnataka, Tamil Nadu, and Maharashtra. With a mined metal production capacity of 1.123 Mtpa, Hindustan Zinc's core business comprises mining and smelting of zinc and lead, along with captive power generation. The company's main facilities are located in Rajasthan and Uttarakhand, with its headquarters in Udaipur.
In the news
Hindustan Zinc Q2: Record 264 kt refined metal output, silver up 20%
Hindustan Zinc adds 32 mt ore resources, hits record production
Niti Aayog Pushes Exploration Reforms as Metal Demand Surges 8-9%
Hindustan Zinc deploys 30 electric trucks for mine-to-smelter transport
Hindustan Zinc secures Karnataka rare earth mining lease
Gold Price Rally: Winners, Losers, and the $400 Billion Wealth Effect
Hindustan Zinc stock jumps 6% on zinc price rally, Jefferies target at ₹750
Gold Loan Stocks Decline: Manappuram, Muthoot Fall Up to 5%
Hindustan Zinc: Rally, OFS Overhang, and the 33% Upside Debate
Hindustan Zinc OFS in 2 weeks may fetch ₹3,500-4,000 crore
Capital Allocation Strategies: Debt vs Equity in India's Growth Story
Hindustan Zinc Q1 FY27: Silver Surge, Cost Leadership, and Leadership Shift
Leadership Churn at Jindal Steel and Vedanta: Governance Crisis or Strategic Reset?
Corporate Developments and Financial Implications: June 2026 Analysis
Vedanta Demerger: How the Five-Way Split Reshapes Dividend Payouts
Hindustan Zinc's Silver Surge: Q4 FY26 Performance Unpacked
Company insights, generated from the most recent coverage.
Brand and strategic services fee was raised from 2% to 3% of consolidated turnover from 1 April 2025 and runs to 2030 — roughly ₹1,250 Cr a year on FY26 revenue. That is a contractual margin leak to the promoter that grows with HZL's own revenue.
Zinc India's ₹8,096 Cr EBITDA is ~96% of Vedanta Limited's ₹8,469 Cr consolidated EBITDA in Q1 FY27. Post-demerger Vedanta is effectively a 60% geared call option on Hindustan Zinc plus zinc international, copper and ferro chrome.
Filing-level evidence shows no group synergy that lowers HZL's input costs; cash moves upward via the brand fee and ₹411 Cr of FY25 purchases from Runaya entities and BALCO. The only genuine cost lever is Serentica's 530 MW / 25-year renewable PPA (₹278 Cr invested, 22% of Q1 consumption).