Hindustan Zinc Invests ₹3,823 Crore in Pioneering Tailings Reprocessing Plant
Hindustan Zinc's board has approved a ₹3,823 crore investment to establish India's first 10 million tonnes per annum tailings reprocessing plant. This initiative aims to reduce environmental impact and improve mineral recovery. The company reported a Q4 FY2023 consolidated net profit of ₹2,234 crore, down 4.70% year-on-year, while revenue decreased 4.40% to ₹7,771 crore. Despite the financial dip, the net profit exceeded market expectations.
15Aug 25
Hindustan Zinc Unveils Ambitious Expansion Plan to Double Production Capacity
Hindustan Zinc, a Vedanta subsidiary, plans to double its production capacity to 2 million tonnes. The company aims to achieve annual revenue of ₹62,000-65,000 crore and EBITDA of ₹34,000-36,000 crore, up from current figures of ₹34,083 crore and ₹17,465 crore respectively. A ₹12,000 crore capital expenditure will expand the Debari smelter capacity by 250,000 tonnes over 36 months. Initial phase targets revenue of ₹40,000-42,000 crore and EBITDA of ₹21,000-22,000 crore. Silver production is set to increase from 700 to 1,500 tonnes. The company also aims to reduce production costs from $1,052 to $1,000 per tonne.
12Aug 25
Hindustan Construction Company Shareholders Approve ₹1,500 Crore Fundraising Plan
Hindustan Construction Company Ltd (HCC) shareholders approved a plan to raise up to ₹1,500 crore through various securities at the 99th Annual General Meeting. The fundraising options include equity shares, convertible debentures, and depository receipts. Shareholders also approved increasing the authorized share capital to ₹300 crore, appointed Arjun Dhawan as Vice Chairman & Managing Director, enhanced borrowing limits, and authorized the creation of security interests over company undertakings.
12Aug 25
Hindustan Construction Company Appoints Arjun Dhawan as Vice Chairman & MD, Increases Authorized Share Capital
Hindustan Construction Company Ltd (HCC) held its 99th Annual General Meeting, approving significant changes. Arjun Dhawan was appointed as Vice Chairman & Managing Director for a five-year term. Shareholders approved an increase in authorized share capital from Rs. 210 crore to Rs. 300 crore. The Board was authorized to raise up to Rs. 1,500 crore through various financial instruments. M/s. BNP & Associates were appointed as Secretarial Auditors for five years.
07Aug 25
HCC Reports Strong Q1 FY26 Performance with 70% Surge in Net Profit
Hindustan Construction Company Limited (HCC) reported a 70% increase in net profit to ₹38.60 crore for Q1 FY26, despite a 15.5% decline in revenue to ₹1,069.00 crore. The EBITDA margin improved to 14.90%. HCC's order book stands at ₹11,188.00 crore as of June 30, 2025. The company completed significant project milestones, including the inauguration of the Anji Khad Cable-Stayed Bridge and commercial operation of two units at the Tehri Pumped Storage Plant. HCC is the lowest bidder for projects worth ₹6,079.00 crore and has a bid pipeline of around ₹40,000.00 crore.
Hindustan Zinc, the world's largest integrated zinc producer, maintains 77% market share in India's primary zinc segment. The company delivered 68% total shareholder returns, outperforming market indices. Operational efficiency improved with production costs reduced to $1,052 per tonne. Sustainability initiatives include launching EcoZen, a low-carbon zinc product, and expanding renewable energy usage. The company aims to double refined metal capacity to 2 million tonnes by 2030, focusing on digitalization, safety, and circular economy initiatives. CSR efforts reached 2.3 million lives, with over 650,000 women and children as direct beneficiaries.
18Jul 25
Hindustan Zinc CEO Refutes Viceroy's Allegations Against Vedanta on Brand Fee Agreement
Arun Misra, CEO of Hindustan Construction Company, has strongly rejected allegations made by US short-seller Viceroy Research regarding Vedanta's compliance with its brand fee agreement with the Indian government. Misra asserts that proper board procedures were followed, including legal vetting and sharing proposals with the government nominee director. Viceroy Research had claimed that Vedanta breached the shareholder agreement by imposing a brand fee on Hindustan Zinc Limited (HZL) in October 2022. The ownership structure of HZL is split between Vedanta (61.84%) and the Indian Government (27.92%). This dispute is part of Viceroy's broader scrutiny of Vedanta and its subsidiaries.
10Jun 25
HCC Secures Top Bidder Position for ₹2,400 Crore Patna Project
Hindustan Construction Company (HCC) has secured the position of top bidder for a major project in Patna valued at ₹2,400 crore. This development highlights HCC's strong presence in the infrastructure sector and its competitive edge in the construction industry. The project, while details are yet to be disclosed, represents a significant opportunity for HCC to strengthen its market position and potentially enhance its order book. If awarded, this project could have positive implications for HCC's future revenue streams and financial performance.
Hindustan Construction Company (HCC) reported a 63.41% YoY decrease in Q4FY25 net profit to ₹90.00 crore, with revenue declining 22.50% to ₹1,374.00 crore. Despite this, EBITDA improved to ₹429.40 crore with a margin of 31.25%. The company secured new contracts, repaid debts, and maintained a strong order book of ₹11,852.00 crore. For FY2025, HCC's standalone net profit was ₹84.90 crore.
21Mar 25
HCC-TPL Joint Venture Secures Rs 2,470 Crore Contract from Tata Power
Hindustan Construction Company (HCC) and Tata Projects Limited have won a ₹2,470 crore contract from Tata Power for the Bhivpuri Off-Stream Open-Loop Pumped Storage Project in Maharashtra. The 1000 MW project involves extensive civil and hydro-mechanical works, including dam construction, tunnels, and powerhouse erection. This contract reinforces HCC's strong position in the hydropower sector, where it has contributed to 26% of India's installed capacity. HCC is currently executing five hydroelectric projects and has a century-long track record in major infrastructure development across India.
20Mar 25
HCC-TPL Joint Venture Secures Rs 2,470 Crore Contract from Tata Power
Hindustan Construction Company (HCC) and Tata Projects Limited (TPL) have won a Rs 2,470 crore contract from Tata Power for the Bhivpuri Off-Stream Open-Loop Pumped Storage Project in Maharashtra. The 50:50 joint venture will construct a 1000 MW capacity project, including civil and hydro-mechanical works. This contract reinforces HCC's strong position in hydropower projects, having contributed to 26% of India's installed hydropower capacity.
Hindustan Construction Company (HCC) and Tata Projects Limited joint venture won a ₹2,191 crore contract for the Indore Metro project. HCC holds a 55% share, worth ₹1,205 crore. The project involves constructing an 8.65 km corridor with underground tunnels and seven stations. This contract strengthens HCC's position in India's metro sector, adding to its ongoing projects in Mumbai and Chennai. HCC has a strong track record in infrastructure development, contributing significantly to India's hydro and nuclear power generation, expressways, tunneling, and bridge construction.