Vedanta group firm Hindustan Zinc Ltd (HZL) plans to enter potash mining and is targeting a block in Rajasthan with potential lithium reserves. India, which relies on imports from Russia, Canada, Belarus, and Israel, is seeking to reduce its potash dependency.

HZL also plans to expand beyond base metals zinc and lead, and precious metal silver, into all critical minerals of strategic interest. The company was declared the preferred bidder for the Dugocha gold block in Rajasthan and secured the Balepalyam tungsten block in Andhra Pradesh.

Chief Executive Officer Arun Misra said HZL would participate in all upcoming mineral block auctions through its subsidiary, Hindmetal Exploration Services Pvt Ltd.

HZL reported a 47.3 per cent rise in consolidated net profit to Rs 30.03 billion for the quarter ended March 2025, up from Rs 20.38 billion a year earlier, supported by record metal volumes and lower production costs.

HZL is the world’s largest integrated zinc producer and ranks among the top five silver producers globally. The company supplies to over 40 countries and holds 77 per cent of India’s primary zinc market.

Source: Press Trust of India