According to the latest shareholding date, Vedanta held a 63.42% stake in the company.
Earlier during the day, Hindustan Zinc’s board approved a major capital expansion plan.
The company has greenlit the establishment of a 250,000-tonne per annum integrated zinc metal complex at Debari, Rajasthan, along with associated mining and milling infrastructure.
The total capex earmarked for the project is up to Rs 12,000 crore. This development aligns with the company’s broader ambition to double its production capacity for zinc, lead, and silver.
Vedanta, a diversified natural resources conglomerate led by billionaire Anil Agarwal, has a significant footprint across oil and gas, power, iron ore, aluminium, and base metals. Hindustan Zinc, a former government-owned enterprise, is a key subsidiary and the largest integrated producer of zinc and lead in India. It was partially privatised in 2002 when Vedanta acquired a controlling stake, though the Government of India still holds a minority share of around 29.5%.The proposed stake sale is seen as a move to generate liquidity as Vedanta Group looks to streamline operations and meet its debt obligations.
With the company’s capex push at HZL and ongoing restructuring efforts, analysts will closely watch the impact of the deal on Vedanta’s balance sheet and strategic roadmap.
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