Hindustan Zinc to invest Rs 1k cr

Plans to set up two more zinc fumer plants over the next two-three years

Hindustan Zinc, one of the lowest-cost zinc producers in the world, will be investing another Rs 1,000 crore to set up two more zinc fumer plants over the next two-three years, a source close to the development said.

A zinc fumer plant is meant for extracting metal from waste. Industry sources estimate that Hindustan Zinc currently loses about 27,000 tonnes of metal per annum in this waste.

The Vedanta Resources Plc subsidiary on Thursday said it has invested Rs 570 crore in its first zinc fumer plant at Chanderiya Hydro-II plant in Rajasthan. This plant is expected to start by