Hindustan Zinc Ltd to Venture into Potash and Lithium Mining in Rajasthan, Eyes Expansion in Critical Minerals

Hindustan Zinc Ltd to Venture into Potash and Lithium Mining in Rajasthan, Eyes Expansion in Critical Minerals
Vedanta’s Hindustan Zinc Sets Sights on Potash and Lithium Mining in Rajasthan

 

New Delhi, April 27, 2025  Hindustan Zinc Ltd (HZL), a key subsidiary of the Vedanta Group, is preparing to expand its mineral portfolio by entering the potash mining sector. The company has identified a promising block in Rajasthan, which not only holds potash but may also be associated with lithium reserves, a top HZL official confirmed.

India remains heavily dependent on potash imports from countries like Canada, Russia, Belarus, and Israel. HZL’s strategic entry into potash mining aligns with the national vision to enhance domestic mineral security and reduce import dependence.

Strategic Expansion Beyond Base Metals

Currently the world’s largest integrated zinc producer and among the top five silver producers globally, HZL is broadening its focus beyond zinc, lead, and silver to critical minerals vital for future technologies.

“We are committed to exploring and developing all critical minerals of strategic interest, including potash and lithium,” said Arun Misra, CEO of Hindustan Zinc.

HZL has already achieved significant milestones in this direction, having been declared the preferred bidder for the Dugocha Gold Block in Rajasthan and winning the Balepalyam Tungsten Block in Andhra Pradesh.

Hindustan Zinc Focus on Domestic Mineral Exploration

Hindustan Zinc has also empowered its subsidiary, Hindmetal Exploration Services Pvt Ltd, to drive its critical minerals exploration mission. Misra noted that the company is actively participating in the auction of various mineral blocks across India.

“We envision becoming the largest private explorer for critical minerals in India,” he said.

Strong Financial Growth

In parallel with its expansion plans, Hindustan Zinc posted robust financial results for the March 2025 quarter. The company reported a 47.3% jump in consolidated net profit to Rs 3,003 crore, up from Rs 2,038 crore in the same quarter last year. Stronger metal volumes and lower production costs contributed to this growth.

A New Era for Hindustan Zinc

With a stronghold in the global zinc and silver markets, a 77% market share in India’s primary zinc sector, and a supply network spanning over 40 countries, Hindustan Zinc Ltd is poised to lead India’s charge into critical minerals, opening new avenues in potash, lithium, tungsten, and gold exploration.

HZL’s next moves will be closely watched as India’s need for critical minerals grows with the rise of renewable energy, electric vehicles, and technology manufacturing.

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