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HDFC Securities Retail Research
Incorporated in 1966, Hindustan Zinc Ltd. is an Indian integrated mining and resources producer of zinc, lead, silver and cadmium and has a rich experience of more than five decades in zinc- lead mining and smelting. It is a subsidiary of Vedanta Ltd. (~64.92% stake).
Hindustan Zinc is the second largest zinc-lead miner and one of the lowest-cost producers of zinc globally and India's largest and only integrated producer of zinc, lead and silver.
It is also the world's sixth largest silver producer. It has a total captive power capacity of 586.59 megawatt. The zinc business accounts for around ~70% of revenue and profitability.
Hindustan Zinc has world's largest underground zinc mining operations at Rampura Agucha. In FY22, the company reached its highest ever market share- ~83%, in primary zinc segments.
By FY 2024-25, the company expects to further ramp-up capacity of underground mines to 1.35 million tonnes per annum capacity.
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