Hindustan Zinc Targets 2 MTPA Production Capacity by 2030

Vedanta Group firm Hindustan Zinc plans to double its metal production capacity to 2 million tonnes per annum (MTPA) within the next five years, according to Chairperson Priya Agarwal Hebbar. The company’s current capacity stands at 1.1 MTPA, with expansion driven by India’s growing steel sector and infrastructure development.

“With India’s expanding steel capacity and strong infrastructure focus, Hindustan Zinc is on track to achieve 2 MTPA by 2030, as zinc plays a crucial role in steel galvanization,” Hebbar wrote in a letter to shareholders.

Hindustan Zinc is also expanding into critical minerals and has been declared the preferred bidder for multiple mining blocks across India. Meanwhile, its roaster and fertilizer plant projects are progressing as planned, strengthening its future growth pipeline.

Digital-First Operations

The company’s record production growth is supported by advanced automation and digitalization. It has implemented tele-remote operations for underground mining and integrated robotics into metal production, reducing human intervention. Artificial intelligence-driven advancements in ore extraction, processing, and production have further improved efficiency.

Over the past five years, Hindustan Zinc’s metal production has grown at a compound annual growth rate (CAGR) of 4%, while silver production has expanded by 5%.

Strong Financial Performance

For the quarter ending December 31, 2024, Hindustan Zinc reported a 32% increase in consolidated net profit, reaching ₹2,678 crore ($321.36 million) compared to ₹2,028 crore ($243.36 million) in the year-ago period.

Hindustan Zinc is currently the world’s second-largest integrated zinc producer and the third-largest silver producer.