Vedanta to invest up to $300 million to expand Hindustan Zinc’s production capacity: Report

Vedanta is reportedly planning to invest around $250-300 million in expanding Hindustan Zinc’s capacity. With this investment, Hindustan Zinc’s capacity would expand to 1.2 million tonnes per year over the next 2-3 years from the current 0.90 million tones. As far as other businesses are concerned, the focus would be utilising the existing facilities, instead of going for green field ones.

Vedanta is an India-based global diversified natural resources company with operations across zinc, lead, silver, oil and gas, iron ore, copper, aluminum and commercial power. The company operates through segments, including Copper, Aluminium, Iron Ore, Power and Others.