首页|Sterlite moots major capacity expansion for HZL
Sterlite moots major capacity expansion for HZL
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NSTL
Sterlite Industries, which recently bought Hindustan Zinc Ltd (HZL) in the disinvestment process has planned a major capacity expansion for its newly acquired company as part of its strategy to maximise its return on investments. The company increase the zinc smelting capacity by almost 20 per cent to 2.05 lakh tonne per annum in the current fiscal. The increased smelting capacity would be achieved without incurring any extra capital cost, company sources say. Sterlite is also aiming at more than doubling HZL's zinc capacity to at least four lakh tonne per annum over a period of time. The capacity expansion will be achieved through a combination of brownfield expansion and debottlenecking exercise. Sterlite Industries acquired 26 per cent in the company at a cost of Rs 445 crore in the previous round of disinvestment.
NSTL
