Hindustan Zinc, a subsidiary of Vedanta, has announced an ambitious plan to double its production capacity to 2 million tonnes, aiming to significantly boost its revenue and profitability. The company has set its sights on achieving annual revenue of ₹62,000-65,000 crore and EBITDA of ₹34,000-36,000 crore.

Current Performance and Expansion Goals

Hindustan Zinc reported a revenue of ₹34,083.00 crore and an EBITDA of ₹17,465.00 crore. The company's expansion strategy is designed to nearly double these figures, showcasing its aggressive growth plans in the zinc industry.

Capital Expenditure and Capacity Enhancement

As part of its growth strategy, Hindustan Zinc has announced a substantial capital expenditure of ₹12,000.00 crore. This investment will be directed towards expanding the capacity of its Debari smelter by 250,000 tonnes, bringing the total capacity to 1.38 million tonnes. The company expects to complete this expansion over a period of 36 months.

Phased Approach to Growth

The initial phase of this expansion is targeted to yield impressive results:

These figures represent a significant increase from the company's current financial performance.

Silver Production Boost

In addition to zinc, Hindustan Zinc plans to more than double its silver production. The company aims to increase its silver output from the current 700 tonnes to 1,500 tonnes, further diversifying its product portfolio and revenue streams.

Operational Efficiency

Hindustan Zinc is not just focusing on capacity expansion but also on improving operational efficiency. The company projects a decrease in production costs from the current $1,052.00 per tonne to $1,000.00 per tonne, which could contribute to improved profit margins.

Government Stake

It's worth noting that the Indian government holds a significant stake of 27.92% in Hindustan Zinc, underlining the company's strategic importance in the country's mining sector.

This expansion plan demonstrates Hindustan Zinc's commitment to growth and its confidence in the future demand for zinc and silver. The successful implementation of this strategy could potentially strengthen the company's position in the global zinc market and create substantial value for its stakeholders.

Hindustan Construction Company Ltd (HCC) shareholders have given their approval for the Board to raise up to ₹1,500.00 crore through various securities issuance methods. The decision was made at the company's 99th Annual General Meeting (AGM) held on August 12, 2025.

Fundraising Options

The approved fundraising plan includes a range of securities:

• Equity shares
• Fully or partly convertible debentures
• Non-convertible debentures with warrants
• Other equity-based securities
• Global Depository Receipts (GDRs)
• American Depository Receipts (ADRs)

The company can issue these securities through various methods, including qualified institutional placements, preferential allotments, private placements, or other permitted methods.

Board's Discretion

The Board of Directors has been granted the authority to determine the specific terms, conditions, and method of issuance, subject to regulatory approvals. This flexibility allows the company to adapt its fundraising strategy to market conditions and company needs.

Other Key Decisions

In addition to the fundraising approval, several other important resolutions were passed at the AGM:

1. Increase in Authorized Share Capital: Shareholders approved an increase in the company's authorized share capital from ₹210.00 crore to ₹300.00 crore.

2. Appointment of Vice Chairman & Managing Director: Mr. Arjun Dhawan was appointed as Vice Chairman & Managing Director for a five-year term, effective June 26, 2025.

3. Enhancement of Borrowing Limits: The company received approval to increase its borrowing limits.

4. Creation of Security Interests: The Board was authorized to create security interests over the company's undertakings.

5. Appointment of Secretarial Auditors: M/s. BNP & Associates were appointed as Secretarial Auditors for a five-year term.

Meeting Details

The AGM was conducted through video conferencing and other audio-visual means, in line with regulatory guidelines. The meeting commenced at 11:00 a.m. and concluded at 12:28 p.m., with 95 members present virtually, including representatives of corporate bodies.

These decisions reflect HCC's strategic moves to strengthen its financial position and corporate governance structure as it looks towards future growth and development in the construction sector.