Motilal Oswal Stays 'Neutral' On Hindustan Zinc, Says Current Valuation Captures The Positives

Hindustan Zinc’s Board has approved a growth capex of ~Rs 120 billion (funded through internal accruals and debt) to expand the zinc smelting capacity by 250 ktpa at Debari, along with a mines capacity expansion of 330 ktpa (Rajpura Dariba - 2.5 ktpa and Zawar - 0.8 ktpa).