Hindustan Zinc
Hindustan Zinc is the world's largest integrated zinc producer and a top-five global silver producer, controlling 74% of India's primary zinc market. It operates five underground mines and four smelting complexes in Rajasthan, serving infrastructure, automotive, renewables, and battery customers across 40+ countries under Vedanta Limited ownership.
- Company typePublic
- Founded1966
- HeadquartersUdaipur, India
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Hindustan Zinc does
Hindustan Zinc Limited is the world's largest integrated zinc producer and a top-tier global silver producer, majority-owned by Vedanta Limited following its 2002 acquisition. Founded in 1966 and headquartered in Udaipur, Rajasthan, the company operates five underground mines — including Rampura Agucha, the world's largest underground zinc-lead mine — and four smelting complexes, with the Chanderiya Lead-Zinc Smelter (830 KT combined pyro-hydro capacity) ranking among the world's largest. It produces Special High Grade zinc, PW zinc, Zamak-3 alloys, lead, silver (~800 tonnes annual capacity), and is developing critical minerals including tungsten, graphite, and nickel across seven exploration blocks in India. Hindustan Zinc commands 74% of India's primary zinc market and supplies metals to 40+ countries.
The company monetizes through one-time industrial sales of refined metals under quote-based pricing, including a disclosed HZL Premium structure (USD 115/tonne headline for SHG zinc DUP in monthly 25-tonne long-term contracts). Revenue is generated primarily through direct enterprise field sales via four zonal sales offices across India, supplemented by the Metal Bazaar e-commerce platform, channel partner networks for domestic distribution, and an international sales team. FY26 reported revenue of ₹40,844 crore with profit after tax of ₹13,832 crore, ROCE of 67% (highest in 18 years), and zinc production cost of $959/tonne (five-year low) reflect exceptional unit economics supported by captive power generation and process automation.
Hindustan Zinc is executing an offensive growth strategy under the HZL 2.0 programme, which commits ₹40,000–50,000 crore in capex over five years to double refined metal capacity to 2 million tonnes and triple ore reserves to 50+ million tonnes by 2030. Downstream expansion includes a Zinc Industrial Park at Khankhala, fertilizer production (1.5 million tonne target), zinc-ion battery R&D with JNCASR, India's first zinc tailings recycling facility, and a green hydrogen underground mining trial. The Zinnovation 2026 initiative targets $209 million in AI-led value delivery, with AI/ML, computer vision, and digital twin systems already embedded across mining, smelting, and safety operations. The company is the first Indian member of the International Council on Mining and Metals, holds India's first Zinc Mark certification (Rampura Agucha), and has been named S&P Global's World's Most Sustainable Metals and Mining Company for three consecutive years.
Hindustan Zinc firmographics
Firmographics- Name
- Hindustan Zinc
- Legal name
- Hindustan Zinc Limited
- Website
- https://hzlindia.com
- Company type
- Public
- Founded year
- 1966
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Hindustan Zinc is the world's largest integrated zinc producer and a top-five global silver producer, controlling 74% of India's primary zinc market. It operates five underground mines and four smelting complexes in Rajasthan, serving infrastructure, automotive, renewables, and battery customers across 40+ countries under Vedanta Limited ownership.
- Ownership category
- akta.pro rank
Hindustan Zinc industry classification
Industry- Product category
- Non-Ferrous Metals Mining and Smelting
- NAICS
- Nonferrous Metal (except Aluminum) Smelting and Refining (33141), Copper, Nickel, Lead, and Zinc Mining (212230)
- SIC
- Primary Smelting & Refining Of Nonferrous Metals (3330), Metal Mining (1000), Wholesale-Metals & Minerals (No Petroleum) (5050)
- akta.pro primary industry
- Non-Ferrous Base Metals Trading (Aluminum, Copper, Zinc, Lead, Tin, Nickel) (IMAKAJAC)
- akta.pro secondary industries
- Silver Mining (IMAKAEAB), Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI)
Keywords
Where Hindustan Zinc is headquartered
LocationHeadquarters
- HQ city
- Udaipur
- HQ country
- India
- HQ region
- Asia
Offices14 records
Markets served
Hindustan Zinc business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D
Revenue model
- Zinc Production & Sales: Refined zinc metal production from integrated mining and smelting operations. Primary product category serving galvanizing steel for infrastructure, auto, renewables, electronics, and e-mobility sectors.
- Lead Production & Sales: Lead metal production for batteries, cables, defence, radiation shielding, and communication equipment.
- Silver Production & Sales: Silver as byproduct of zinc/lead mining. Among top 10 global silver producers, serving solar, electronics, AI, nanotech, biotech, and jewellery sectors.
- Fertilizer Production: Plans to produce 1.5 million tonnes of fertiliser as part of growth strategy.
- Special Alloys (Zamak): Zamak-3 and other zinc-based alloys for industrial applications.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Hindustan Zinc Premium (HZP) pricing for SHG zinc DUP |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels9 records
Hindustan Zinc product offering
Product offeringCore offering
Hindustan Zinc is the world's largest integrated zinc producer, operating underground mines and smelting complexes in Rajasthan, India. It produces refined zinc (SHG, PW, Zamak-3 alloy), lead, and silver for industrial customers in infrastructure, automotive, renewables, electronics, and battery sectors. The company also explores critical minerals including tungsten, graphite, and nickel, and sells sulphuric acid as a smelting by-product.
Product overview
Hindustan Zinc operates as the world's largest integrated zinc producer, offering a diversified portfolio of metals and mining services. The core product portfolio includes Zinc (SHG, PW, Zamak-3 alloy), Silver (among top 5 globally at ~800 tonnes/year), Lead (India's largest), and Critical Minerals (tungsten, graphite, nickel). Mining operations span five underground mines: Rampura Agucha, Rajpura Dariba, Sindesar Khurd, Zawar, and Kayad. Smelting operations include Chanderiya Lead-Zinc Smelter (one of world's largest at 830 KT capacity), Debari Smelting Operations, Dariba Smelting Complex, and Pantnagar Metal Plant. Downstream initiatives include the Zinc Industrial Park in Khankhala for zinc wire manufacturing and metal recovery, while digital sales are managed through Metal Bazaar platform. The company is expanding into fertilizer production, tailings reprocessing, and zinc-ion battery technology through strategic partnerships.
Differentiator
Problem solved
Functional benefit
Brands
- Zinc Football Academy: Social initiative football academy supporting grassroots football development in India with residential programs for girls
- Metal Bazaar
- Zinnovation
Products and services
- Zinc Refined zinc metal including Special High Grade (SHG) zinc, PW Zinc, and Zamak-3 alloy. Vital for galvanizing steel and serving infrastructure, automotive, renewables, electronics, and e-mobility sectors.
- Silver Silver metal produced as a by-product of zinc and lead mining, among the top 10 globally with approximately 800 tonnes annual capacity. Serves solar, electronics, AI, nanotech, biotech, and jewellery sectors.
- Lead India's largest lead producer supplying lead metal for batteries, cables, defence, radiation shielding, and communication equipment.
- Critical Minerals Exploration and development of critical minerals including tungsten, graphite, and nickel, vital to EVs, digital technology, and renewable energy sectors. Operating 7 exploration blocks across 6 states.
- Sulphuric Acid Sulphuric acid produced as a by-product of smelting operations, sold through a dedicated sulphuric acid portal at estore.vedantametalbazaar.com.
Quantifiable outcome
- 67% Return on Capital Employed in FY26 - highest in 18 years
- +3 more outcomes
Companies that use Hindustan Zinc
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles4 records
Hindustan Zinc technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability10 records
Feature7 records
Hindustan Zinc partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, major and supporting.
- Advantek Associates & Aero Eagle AutomobilescoreTripartite MoU to explore green hydrogen solutions for underground mining operations. Partnership will conduct feasibility studies on hydrogen generation, storage, dispensing systems, and hydrogen-powered equipment including H2-ICE and fuel cell technologies for heavy-duty mining applications. First mining company in India to assess hydrogen fuel for underground use.
- Sulfozyme Agro IndiacoreMoU for operations at Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. Sulfozyme Agro will establish facilities to process zinc-based materials into value-added products, with Hindustan Zinc providing raw material support and infrastructure. Initiative aims to strengthen India's downstream zinc sector.
- TERI (The Energy and Resources Institute)coreMoU to develop a 250-hectare ecological restoration project at Chanderiya Lead Zinc Smelter Complex, creating what the company describes as the world's largest green cover area within industrial premises. Uses scientific multi-layered approach with native species and invasive species management.
- V-Spark DeepTech VenturescoreCollaboration to advance AI-led industrial transformation through 'Zinnovation 2026'. Targeting $209 million in value delivery through productivity improvements, cost optimization, asset reliability, energy efficiency, and safety enhancements. Working with over 50 DeepTech startups on more than 100 AI projects.
- XCMG, Sandvik, STL Digital, AVEVAmajorMoU signings with XCMG (construction equipment), Sandvik (mining equipment), STL Digital (digital solutions), and AVEVA (industrial software) to deploy AI solutions across mining, smelting, and manufacturing operations. Focus on predictive maintenance, digital twins, connected operations, and autonomous systems.
- DeepTech Startups (Beta Tanks Robotics, Symboticware AI, Infinite Uptime, Intellisense.io, Flutura, Accenture)supportingAgreements with multiple AI and DeepTech startups to advance industrial automation solutions and evaluate pilot readiness for AI implementations.
- Group NirmalcoreMoU to establish a zinc wire manufacturing facility at Zinc Industrial Park in Khankhala, Bhilwara district. Facility will produce zinc wire from Special High Grade zinc for thermal spray coatings protecting steel structures from corrosion, serving bridges, railways, ports, pipelines, transmission towers, and renewable energy projects.
- JNCASR (Jawaharlal Nehru Centre for Advanced Scientific Research)corePartnership to develop zinc-ion battery prototypes for large-scale renewable energy storage. Part of Hindustan Zinc's strategy to explore innovative applications of zinc in emerging technologies.
- CIMIC Group CompaniescorePartnership to set up India's first zinc tailings recycling facility. Hindustan Zinc is advancing Zinc Mark certification across its operations as part of its long-term commitment to responsible production.
- GreenLine MobilitysupportingPartnership to deploy EV and LNG trucks for green logistics operations. Deeper partnership to decarbonize Hindustan Zinc's logistics operations.
Scale indicators17 records
Recent moves7 records
Expansion highlights6 records
Hindustan Zinc competitors and assessment
Company assessmentDirect peers
- Korea Zinc: Korea Zinc is the world's largest zinc refiner and a major producer of lead, copper, and precious metals. It is the most direct global comparable to HZL given its integrated zinc smelting, similar byproduct metals exposure (silver, gold), and broad customer base across galvanizing and battery applications.
- Nexa Resources: Nexa Resources is an integrated zinc producer with mining and smelting operations in Brazil and Peru, producing zinc, lead, copper, and silver. It is closely comparable to HZL on integrated mine-to-metal zinc model, silver byproduct exposure, and emerging-market geographic profile.
- Boliden: Boliden is a Swedish integrated miner and smelter producing zinc, lead, copper, and precious metals across Nordic operations. Its integrated zinc-lead-silver value chain and focus on low-cost, sustainable production make it a strong European comparable to HZL.
- Nyrstar: Nyrstar is a global multi-metals business focused on zinc and lead smelting, owned by Trafigura. Comparable to HZL's smelting footprint and product mix, with similar exposure to industrial customers in galvanizing and battery markets.
- Yunnan Chihong Zinc & Germanium: Yunnan Chihong is one of China's largest integrated zinc and lead producers with significant germanium byproduct. Comparable on integrated mine-to-metal zinc-lead model and byproduct recovery, though it operates in a different regulatory and cost environment.
Broad incumbents
- Glencore: Glencore is one of the world's largest diversified miners and commodity traders with major zinc mining and smelting operations. Comparable to HZL on integrated zinc-lead-silver production scale, though Glencore spans a much broader commodity and trading portfolio.
- Teck Resources: Teck Resources is a major Canadian diversified miner with a significant zinc and lead business (formerly Teck Cominco). Its integrated base-metals operations and red-metal exposure make it a broad incumbent comparable, though it spans coal and copper more heavily than HZL.
- Sumitomo Metal Mining: Sumitomo Metal Mining is a Japanese integrated non-ferrous metals producer with nickel, copper, gold, and minor zinc exposure. Comparable as an established Asian non-ferrous metals incumbent with downstream battery materials strategy relevant to HZL's critical minerals expansion.
Regional players
- Vedanta Limited: Vedanta Limited is HZL's majority parent and operator of adjacent Indian metals businesses (aluminium, copper, iron ore). Directly relevant as the controlling shareholder and as a peer in Indian metals context, though its portfolio spans multiple commodities beyond HZL's zinc-lead-silver focus.
Emerging players
- Silvercorp Metals: Silvercorp Metals is a Canadian producer focused on silver, lead, and zinc mining in China. Comparable to HZL on the silver-lead-zinc byproduct revenue mix, though it is a smaller, mining-only operation without HZL's integrated smelting and downstream scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Hindustan Zinc social profiles
Digital presenceHindustan Zinc compliance and trust
Trust signalCompliance8 records
Hindustan Zinc financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hindustan Zinc leadership team
Management profileNumber of profiles
Profiles4 records
Hindustan Zinc funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hindustan Zinc M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hindustan Zinc
What does Hindustan Zinc do?
Hindustan Zinc is the world's largest integrated zinc producer, operating underground mines and smelting complexes in Rajasthan, India. It produces refined zinc (SHG, PW, Zamak-3 alloy), lead, and silver for industrial customers in infrastructure, automotive, renewables, electronics, and battery sectors. The company also explores critical minerals including tungsten, graphite, and nickel, and sells sulphuric acid as a smelting by-product.
Is Hindustan Zinc a public or private company?
Hindustan Zinc is a public company. It is classified as public and is currently operating.
When was Hindustan Zinc founded?
Hindustan Zinc was founded in 1966. It employs 5,001 to 10,000 people.
Where is Hindustan Zinc based?
Hindustan Zinc is headquartered in Udaipur, India, in the Asia region.
How does Hindustan Zinc make money?
Five revenue lines are on record. Zinc Production & Sales are the primary driver. The others are lead Production & Sales, silver Production & Sales, fertilizer Production and special Alloys (Zamak).
Who are Hindustan Zinc's main competitors?
Direct peers on record are Korea Zinc, Nexa Resources, Boliden, Nyrstar and Yunnan Chihong Zinc & Germanium. Broad incumbents are Glencore, Teck Resources and Sumitomo Metal Mining. Vedanta Limited is listed as a regional player. Silvercorp Metals is listed as an emerging player.
Does Hindustan Zinc have an API?
No public API is recorded for Hindustan Zinc.
What industry is Hindustan Zinc in?
Hindustan Zinc's product category is Non-Ferrous Metals Mining and Smelting. Its primary akta.pro industry code is IMAKAJAC, Non-Ferrous Base Metals Trading (Aluminum, Copper, Zinc, Lead, Tin, Nickel), with a secondary code of IMAKAEAB, Silver Mining. Its NAICS code is 33141 and its SIC code is 3330.