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The Economic Times

Hindustan Zinc to invest up to $600 million this fiscal, 80% capex earmarked for ongoing projects

Hindustan Zinc Arun Misra Vedanta Ltd

Vedanta Group company Hindustan Zinc Ltd (HZL) plans to invest $500-600 million (around Rs 5,000 crore) during the current financial year, with the bulk of the capital expenditure directed towards projects already under execution, Chief Executive Officer Arun Misra said.

In an interview with PTI, Misra said around 80% of the planned capex for the year will be deployed in ongoing projects, while the remaining 20% will be allocated to new projects that the company expects to announce shortly.

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