Hindustan Zinc to set up integrated zinc metal complex at Rajasthan with capex of Rs 12k crore, shares fall 5%

Hindustan Zinc to set up integrated zinc metal complex at Rajasthan.

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26 Aug, 2025 12:21

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Hindustan Zinc share price dropped 4 percent after Vedanta group firm on Tuesday announced setting up integrated zinc metal complex at Rajasthan with capex of Rs 12,000 crore.

Shares of Hindustan Zinc Ltd. dropped 5.13 percent to an intraday low of Rs 486.5 per share on the NSE. The stock has been falling for the last five days and is down nearly 8 percent in the period. The stock has also emerged as one of the top midcap losers.

The stock fell as the company announced that as part of doubling the capacity of zinc, lead and silver, the board of directors approved the initial plans for capacity expansion.

"This expansion aligns with the strong growth in demand both in India and globally over the next five years. The Board has approved the project for setting up new 250 ktpa integrated smelter at Debari along with mines & mills expansion across the mines. The project is targeted to be completed in a period of 36 months with an overall cost of Rs 12,000 crores," the company said in a release.

Commenting on the development, HZL’s Chief Executive Officer Arun Misra said: "We are excited to announce this 2x growth project towards doubling our capacity across zinc, lead and silver, which is strategically aligned with the country’s expanding economic landscape, increasing demand opportunities and keeping country self-reliant for Zinc."

Earlier, the company on June 11 declared an interim dividend of Rs 10 per share, amounting to Rs 4,225 crore for the current fiscal year. "The board of directors of the company, through a resolution passed by circulation on Wednesday... has approved the first interim dividend of Rs 10 per equity share i.e. 500 per cent on face value of Rs 2 per equity share for the financial year 2025-26," it said.

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