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Hindustan Zinc to invest Rs 350 crore to develop 200 MW renewable capacity

01 Apr 2022 Evaluate

Hindustan Zinc (HZL) has planned to invest Rs 350 crore to develop up to 200 megawatt (MW) renewable energy capacity through a special purpose vehicle.

The project will be built under group captive norms on Build-Own-Operate (BOO) basis through a special purpose vehicle (SPV). HZL will own 26 per cent equity in the SPV with contributions of up to Rs 350 crore.

Hindustan Zinc, the world’s second biggest zinc producer, operates the world’s third largest open-pit mine, and world’s largest Zinc Mine in Rampura Agucha, Rajasthan.


Peers
Company Name CMP
Hindalco Industries 893.00
Vedanta 237.50
Hindustan Zinc 505.50
Jain Resource Recycl 270.00
CMR Green Tech 198.25
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