Hindustan Zinc Signs MoU to Set Up Zinc Smelter Plant

Mumbai, India - Hindustan Zinc Ltd (HZL) recently signed a Memorandum of Understanding (MoU) with the Government of Gujarat to set up 300 KTPA greenfield zinc smelter at Doswada, Gujarat Industrial Development Corporation (GIDC). The facility will be spread across 415 acres and entail an investment of Rs. 5000 to Rs. 10000 crore in phases creating more than 5000 direct and indirect jobs by 2022.

The facility will be set up with a zero-discharge technology and will be among the lowest-cost smelters in the world. Located in proximity with port and key markets of consumption, it will produce Zinc and other minor metals.

The MoU was signed by M K Das, IAS, Additional Chief Secretary, Industries and Mines, Government of Gujarat and Arun Misra, CEO, Hindustan Zinc in the presence of Hon’ble Chief Minister of Gujarat, Shri Vijay Rupani. Anil Agarwal, Founder and Non-Executive, Chairman, Vedanta Ltd virtually attended the signing. This is one of the largest MoUs signed by the state of Gujarat under the State’s modified industrial policy.

“We will extend all support to ensure that the plant is commissioned in stipulated time. The plant will substantially increase employment and thereby boost the economy in the region,” commented the Chief Minister of Gujarat.

“It is my honour to lead the foray of our group company Hindustan Zinc into the illustrious state of Gujarat. At Vedanta Group, we believe that tough times are the best times to invest into the future. This new plant is not just a world-class facility but the culmination of the Group’s learning in creating a model that embodies the highest standards of efficiency, eco-friendliness, technology and automation, quality and infrastructure,” elaborated Agarwal.

“Vedanta Group and Hindustan Zinc have always held community development and upliftment agenda as the focal point of our business. We are excited to set up coast-based operations in the state of Gujarat and the location could not be more apt for this project,” said Misra.

Image Source: Hindustan Zinc Ltd