Hindustan Zinc plans ₹5,000 crore capex for FY27, 80% for current projects

Vedanta group firm Hindustan Zinc Ltd (HZL) is likely to spend about USD 500-600 million (around Rs 5,000 crore) in the current financial year, with most of the capital earmarked for projects already underway and a smaller portion reserved for new initiatives, its Chief Executive Officer Arun Misra said.
In an interview to PTI, Misra said roughly 80 per cent of the guidance is intended for projects that are currently running, while about 20 per cent will be allocated to new projects that the firm plans to announce soon.
He added that the group's total project capacity is about 1 million tonnes, of which 250,000 tonnes (25 per cent) has already been approved with a capex of Rs 12,000 crore covering mining and mineralisation.
Orders for mining have been placed and construction of the smelter has started, but milling and concentrate-related orders are yet to be finalised, the CEO said.
The remaining capacity will require investment in a similar proportion to reach 650 KT, with the ...