Hindustan Zinc to invest up to $2 bn to double production capacity: CEO

Quick Summary:

Vedanta Group firm Hindustan Zinc plans to pump in up to USD 2 billion (around Rs 17,000 crore) to double its production capacity to 2 million tonnes in the next few years, its CEO Arun Misra said.

The company is targetting a production capacity of 1.2 million tonnes (MT) in 2025, followed by 1.35 MT in 2026 and 1.8 MT in 2027, Misra said.

"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.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Vedanta Arun Misri Investment Vedanta Resources Hindustan Zinc Mining partners

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-27 @ 11:36:33 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 465 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 34 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23259149

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