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Vedanta's Hindustan Zinc to Enter Potash Mining, Eyes Rajasthan Block with Lithium Reserves
ByAinvest
Sunday, Apr 27, 2025 5:12 am ET1min read
Vedanta group's Hindustan Zinc Ltd (HZL) plans to enter potash mining and is eyeing a block in Rajasthan with potential lithium reserves. The company aims to expand beyond zinc, lead, and silver, and explore critical minerals like potash, tungsten, and lithium. HZL has been awarded the Balepalyam Tungsten Block in Andhra Pradesh and is set to participate in future mineral block auctions. The company reported a 47.3% increase in consolidated net profit at Rs 3,003 crore in Q4FY25.
Mumbai: Vedanta Group's Hindustan Zinc Ltd (HZL) has announced plans to enter the potash mining sector, targeting a block in Rajasthan with potential lithium reserves. The company aims to diversify its portfolio beyond zinc, lead, and silver, exploring critical minerals such as potash, tungsten, and lithium. HZL has been awarded the Balepalyam Tungsten Block in Andhra Pradesh and is set to participate in future mineral block auctions.Hindustan Zinc's CEO, Arun Misra, stated that the company is keen on expanding its portfolio to include all critical minerals of strategic interest. This includes the exploration of potash in Rajasthan, which has the potential for lithium reserves. The company's subsidiary, Hindmetal Exploration Services Pvt Ltd, is focused on strategic mineral exploration, particularly in critical minerals.
In the quarter ended March 2025, HZL reported a 47.3% increase in consolidated net profit at Rs 3,003 crore, driven by record metal volume and lower production costs. This financial performance underscores the company's commitment to growth and expansion in the minerals sector.
Hindustan Zinc is the world's largest integrated zinc producer and one of the top five silver producers globally. The company supplies its products to more than 40 countries and holds a significant market share in the primary zinc market in India.
References:
[1] https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/vedanta-group-firm-hzl-plans-to-foray-into-potash-mining-eyeing-block-in-rajasthan/articleshow/120664097.cms?UTM_Campaign=RSS_Feed&UTM_Medium=Referral&UTM_Source=Google_Newsstand
[2] https://m.economictimes.com/industry/indl-goods/svs/metals-mining/vedanta-group-firm-hzl-plans-to-foray-into-potash-mining-eyeing-block-in-rajasthan/articleshow/120664097.cms?UTM_Campaign=RSS_Feed&UTM_Medium=Referral&UTM_Source=Google_Newsstand
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