New Delhi, June 29 -- Hindustan Zinc plans to invest Rs 40,000-50,000 crore over the next five years to double its annual production capacity from 1.1 million tonnes (MT) to 2 million tonnes, as it sharpens its focus on critical minerals and the energy transition.

The investment will fund brownfield expansions and debottlenecking across operations and supply chains, strengthening the company's global competitiveness and supporting India's self-reliance in critical minerals. Announcing the plan at its 60th Annual General Meeting, the company said FY26 was its strongest financial year, with record revenue, EBITDA and net profit. It also achieved its highest-ever mined metal production of over 1.1 million tonnes, second-highest refined metal output and EBITDA margins of over 50%.

Chairperson Priya Agarwal Hebbar said Hindustan Zinc aims to become a future-ready energy transition company by expanding its presence across multiple metals and critical minerals vital for India's industrial growth and global supply chains. The company has expanded its critical minerals portfolio through Hindmetal Exploration Services Pvt Ltd, securing blocks for tungsten, potash, rare earth elements and rare earth monazite.

Hindustan Zinc is also building downstream manufacturing and circular economy capabilities. It is partnering with Tripura Group and CMR Green Technologies to establish India's first integrated zinc-based manufacturing ecosystem through the Zinc Industrial Park. In addition, it is developing a tailings reprocessing facility with an annual capacity of 10 million tonnes and investing in AI-enabled mining & digital technologies.

On sustainability, the company aims to source 70% of its power from renewable energy by FY28 while advancing water stewardship, biodiversity and circular resource use. Its community development initiatives now cover more than 4,000 villages, benefiting 2.6 million people. Going forward, the firm said it will focus on cost leadership, responsible growth, resource expansion & long-term shareholder value.

Published by HT Digital Content Services with permission from Millennium Post.