Established in: 1966
Managing Director: Arun Misra
Hindustan Zinc Limited (HZL) is an Indian producer of zinc, lead, silver and cadmium, established in 1966. The company is a subsidiary of Vedanta Limited and is headquartered in Udaipur, Rajasthan. The company is the largest integrated zinc producer and the third-largest silver producer globally.
HZL launched their IPO and went public in November 2006 with a face value of ₹2 per share. HZL is listed on both the stock exchanges, BSE and NSE, and is a significant constituent of Nifty Next 50 and Nifty Metal Indices.
History of Hindustan Zinc Limited
Erstwhile Metal Corporation of India was a privately-owned company involved in zinc and lead operations. When the company faced serious financial and operational trouble, the government stepped in and acquired the company’s assets. This led to the birth of Hindustan Zinc Limited in 1966.
In 2001, the HZL company was put up for sale as part of the Government of India’s disinvestment program of loss-making PSUs. Sterile Opportunities and Ventures Limited (SOVL) bought a total 64.92% stake in the company and later merged with Sterlite Industries India Ltd in April 2011.
In 2013, Sterlite Industries India Limited merged with Sesa Goa Ltd to form Sesa Sterlite Limited, which was later renamed to Vedanta Limited. Hindustan Zinc Limited is a direct subsidiary of Vedanta Limited.
Hindustan Zinc Limited Business Operations
HZL has a vertically integrated, B2B commodity business model. The following are the core operations of Hindustan Zinc Limited.
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Resource Mining
The company controls and manages large underground and open-pit mines in Rajasthan, especially in Rampura Agucha, Sindesar Khurd, Rajpura Dariba, Zawar and Kayad.
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Smelting and Refining
HZL has multiple smelting and refining facilities in Rajasthan and Uttarakhand for the process of extracting and mining ores to refining metals.
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Captive Power
To support its mining and smelting operations, the company maintains self-sufficient thermal and solar power plants.
Awards and Milestones of Hindustan Zinc Limited
From 2018 to 2025, HZL earned recognition and numerous awards for its operational excellence and innovation
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Global Sustainability Leader
HZL has become among the top 1% companies worldwide in the Metals & Mining industry and earned a spot in the S&P Global Yearbook 2026 with a score of 90/100.
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World’s Most Sustainable Company
Hindustan Zinc Ltd was awarded the title of the world’s most sustainable Metals & Mining company in the S&P Global Corporate Sustainability Assessment (CSA). The company ranked 1st in India and 6th globally.
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India’s First Zinc Mark Certified Mine
HZL’s Rampura Agucha Mine became India’s first Zinc Mark-certified mine in 2026, due to its responsible production and environmental practices.
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Integrated Annual Report Excellence
The company’s Integrated Annual Report FY25 and Sustainable Development Report 2025 earned the “Platinum Worldwide” recognition at the LACP Spotlight Awards 2025.
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Kaizen Awards
HZL received the Platinum Award for Best Digitalisation Kaizen at Chanderiya and the Gold Award at the CII 12th National Kaizen Competition 2026.
Hindustan Zinc Limited: Future Plans
The following are the future vision and plans of the Hindustan Zinc Limited.
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Capacity Expansion
The company is planning to 2x their current capacity by expanding refined metal capacity by 250 Kt and mined metal capacity by 330 Kt.
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Mine Portfolio
The company plans to expand its metal reserves from 13.9 Mt to 30 Mt, targeting a mine life of over 25 years.
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Hot Acid Leaching Plant and Fertiliser Plant
HZL is implementing an innovative technology to recover 27 MTPA silver and 6 ktpa lead from smelting waste, which is expected to be completed by the second quarter of FY27. The company is also setting up a fertiliser plant at Chanderiya to support farmers’ needs by producing and selling DAP fertilisers, which are currently being imported. The fertiliser plan is expected to be commissioned by the second quarter of FY27.
Hindustan Zinc Financial Highlights
- Revenue: Hindustan Zinc reported revenue of ₹41,934.00 crore in FY26 vs ₹35,066.00 crore in FY25. It showed an increase of 19.59% on a yearly basis.
- Operating Profit: Hindustan Zinc reported an operating profit of ₹18,508.00 crore in FY26 vs ₹13,553.00 crore in FY25. It showed an increase of 36.56% on a year-on-year basis.
- Net Profit: Hindustan Zinc reported a net profit of ₹13,832.00 crore in FY26 vs ₹10,353.00 crore in FY25. It showed an increase of 33.60% on a yearly basis.
Hindustan Zinc Quarterly Result Highlights
- Hindustan Zinc reported revenue of ₹13,824.00 crore in Mar 2026, compared with ₹11,273.00 crore in Dec 2025, representing an increase of 22.63% on a quarter-on-quarter (QoQ) basis.
- Hindustan Zinc reported an operating profit of ₹6,751.00 crore in Mar 2026, compared with ₹5,230.00 crore in Dec 2025, representing an increase of 29.08% on a quarter-on-quarter (QoQ) basis.
- Hindustan Zinc reported a profit of ₹5,033.00 crore in Mar 2026, compared with ₹3,916.00 crore in Dec 2025, reflecting an increase of 28.52% on a QoQ basis.
- The earnings per share (EPS) of Hindustan Zinc stood at ₹32.74 during Mar 2026.
