Vedanta Group’s eye on very precious minerals; Imports are still done

The Vedanta Group company Hindustan Zinc Limited (HZL) is planning to enter the Potash mining sector and is eyeing a block in Rajasthan, where there is also a good possibility of lithium reserves. This information has been given by a senior company official.
India is largely dependent on imports for potash and is working on measures to reduce this dependence. Potash imports of India are mainly from countries such as Russia, Canada, Belarus and Israel.

Hindustan Zinc is now planning to expand all the critical minerals that are in the company’s strategic interest by moving beyond the base metals – jink and lead -and precious metal silver. The company has been declared a favorite bidder of Dugo Gold Block in Rajasthan, which expanded the portfolio of precious metals.

What did CEO say

Arun Mishra, CEO of Hindustan Zinc Limited, said, “We have achieved gold blocks, Tungsten blocks have also been found. That is, Hindustan Zinc will no longer be limited to zinc, lead and silver. We will expand all strategically to important minerals, including potash. Potash is present in Rajasthan and there is a possibility of lithium.” The company has also been allotted Balepayam Tungsten Block in Andhra Pradesh.

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CEO Mishra of Hindustan Zinc Limited said that the company is preparing to participate in the auction of all mineral blocks across the country. His subsidiary is fully active in this direction in this direction. This unit is particularly focused on the discovery of strategic and critical minerals.

He said, “I am confident that they (company) will emerge as India’s largest private explorer company.”

Rs 3,003 crore profit in the quarter ended March 2025

Hindustan Zinc Limited (HZL) recorded a consolidated net profit of Rs 3,003 crore with an increase of 47.3 percent in the quarter ended March 2025 on Friday. The company earned a net profit of Rs 2,038 crore in the same quarter last year. This growth has become possible due to record metal volume and low production costs.

Supply to more than 40 countries

HZL is the world’s largest integrated zinc producer and is one of the top five silver producers globally. The company supplies to more than 40 countries and holds about 77 percent of India’s primary zinc market.

(With agency input)

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First Published – April 27, 2025 | 6:08 pm IST

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