Hindustan Zinc anticipated to be fully debt free by FY26, inventory has given 48% return in a single yr – INA NEWS

Hindustan Zinc Share: Vedanta Group firm Hindustan Zinc Restricted (HZL) will turn out to be fully debt free by the following monetary yr (2025-26). This expectation is being expressed regardless of appreciable funding in growing the capability. Brokerage agency Ventura Securities has made this estimate in its report. The corporate’s shares noticed a decline of 1.58 % final Friday. This inventory closed at Rs 466.25 on BSE. The market cap of the corporate is Rs 1.97 lakh crore.

What’s the brokerage’s opinion?

In response to brokerage agency Ventura Securities, world demand for zinc and lead is predicted to develop at an annual progress fee of six/seven per cent. Domestically, India is a internet exporter of zinc, whereas lead is in brief provide. Each these circumstances are favorable for HZL. “HZL is predicted to turn out to be internet debt-free by the following monetary yr,” it mentioned.

HZL, the nation’s largest producer of zinc, lead and silver, had earlier mentioned it anticipated to scale back its debt to about Rs 2,000 crore by the tip of March from about Rs 6,000 crore on the finish of the September quarter. Silver is changing into more and more common for funding demand and its use in industrial functions is growing. The report mentioned that in view of the growing demand, well timed growth in silver manufacturing capability is an effective signal.

Capability growth plan price Rs 16000 crore

Hindustan Zinc plans capability growth of Rs 16000 crore for FY 2024-27, together with capex. Its goal is to fund roaster plant in Debari, Rajasthan, fumer and fertilizer plant (sulfuric acid ahead integration) and 450 MW renewable power capability in Chanderiya.

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