New Delhi, 18/06/2025: Vedanta Ltd is planning to sell shares worth ₹7,500 crore in Hindustan Zinc Ltd. (HZL) through block deals. These shares may be sold at up to 10% less than the current market price. This move is part of Vedanta’s plan to lower its debt and improve its financial health.
Meanwhile, HZL has announced a big investment of ₹12,000 crore to expand its smelting plant in Debari, Udaipur. The company will add new units that can produce 250,000 tonnes of metal every year. This will increase its total production capacity by 22%.
The company said this expansion will help meet the rising demand for zinc, lead, and silver both in India and around the world. The project is expected to be completed in three years. The money for this project will come from the company’s own funds and some borrowed money.
Vedanta owns over 63% of Hindustan Zinc. It also received ₹2,679 crore as a dividend recently. At the same time, it is trying to bring down its debt faster. The parent company, Vedanta Resources, has already reduced its debt by more than $4 billion in the past few years.
