Business

Vedanta's Hindustan Zinc Ventures into Potash and Lithium Mining in Rajasthan, Aims to Reduce Import Dependency

Vedanta Group's Strategic Expansion into Critical Minerals

Hindustan Zinc Ltd (HZL), a key player under the Vedanta Group umbrella, is making a significant leap into potash mining, with eyes set on a promising block in Rajasthan that may also harbor lithium reserves. This move is poised to challenge India's heavy reliance on potash imports from global suppliers like Russia, Canada, Belarus, and Israel.

Vedanta Group's mining venture in Rajasthan

Broadening the Horizon Beyond Base Metals

Under the leadership of CEO Arun Misra, HZL is diversifying its portfolio beyond its traditional stronghold in zinc, lead, and silver, venturing into critical minerals of strategic importance. The company's recent acquisition of the Dugocha gold block in Rajasthan and the Balepalyam Tungsten Block in Andhra Pradesh underscores this ambitious expansion.

Confidence in Becoming India's Premier Private Explorer

"I am sure they will turn out to be the biggest private explorer as far as India is concerned," Misra confidently stated, highlighting the company's commitment to exploring and developing India's mineral resources. With a 47.3% surge in consolidated net profit to Rs 3,003 crore for the quarter ending March 2025, HZL's financial health and market dominance remain unchallenged.

Hindustan Zinc's Global Footprint

As the world's largest integrated zinc producer and a top-five silver producer, HZL commands approximately 77% of India's primary zinc market, supplying to over 40 countries worldwide. This strategic foray into potash and lithium mining marks a new chapter in the company's illustrious journey.