New Delhi: Hindustan Zinc Ltd (HZL), a Vedanta Group company, is expanding its horizons into potash mining, focusing on a Rajasthan-based block that may also contain valuable lithium reserves. With India’s significant reliance on potash imports from countries like Russia, Canada, Belarus, and Israel, Hindustan Zinc’s move is aligned with the nation's goal to reduce dependency on foreign minerals and promote self-reliance (Atmanirbhar Bharat).

The company, traditionally focused on zinc, lead, and silver, is now broadening its portfolio to include a range of critical minerals that are of strategic importance to India’s growth. CEO Arun Misra highlighted that Hindustan Zinc has already secured mining rights for gold in Rajasthan and tungsten in Andhra Pradesh, marking a significant shift towards diversifying its mineral assets. This move includes plans to explore potash and potentially lithium, positioning Hindustan Zinc as a key player in India’s mineral self-sufficiency.

With its subsidiary Hindmetal Exploration Services Pvt Ltd, the company is focused on strategic critical mineral exploration, with a strong ambition to become India’s largest private sector miner and explorer.

Hindustan Zinc also reported a 47.3% increase in net profit in Q1 FY2025, reaching ₹3,003 crore, supported by record production volumes and optimized costs. As the world's largest integrated zinc producer and a top-five silver producer globally, Hindustan Zinc commands a dominant 77% market share in India’s zinc market and continues to fuel India’s ambitions for mineral autonomy on the global stage.

BI Bureau