Vedanta Pins Growth Hopes on Hindustan Zinc Expansion
Vedanta Limited is strategically positioning Hindustan Zinc as a key driver for its substantial growth anticipated over the next five to six years. The company plans to leverage Hindustan Zinc’s ongoing expansion initiatives and the acquisition of critical mineral assets to fuel this next phase of development.
Significant capital expenditure is earmarked for capacity expansion at Hindustan Zinc during the current fiscal year, signaling a strong commitment to scaling operations. This strategic focus comes on the heels of a robust financial performance, with Vedanta reporting a notable 152% jump in profit for the June quarter. Both revenue and EBITDA also demonstrated considerable year-on-year increases, underscoring operational strength.
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