Aiming to become the largest integrated zinc-lead producer in the world, Hindustan Zinc today said the company will invest Rs 3,600 crore for its expansion projects.
The total investment in phase III expansion plan is estimated at Rs 3,600 crore and would be funded from internal accruals to keep the company debt free, HZL said in a statement here.
The board of directors of the company recommended a total dividend of Rs five per share for the year-ended March 2008, during the annual general meeting held today. Under the phase III expansion, the company has announced a 210 ktpa zinc smelter, 100 kpta lead smelter and 160 mw captive power plant with fully integrated mining capacity.
The commencement of these plans will increase the company’s total integrated zinc-lead capacity to 10.65 lakh tonnes per annum, making it the largest zinc-lead producer, it added.
Shares of the company closed at Rs 56.70, up 1.91 per cent on the Bombay Stock Exchange.
