India's Hindustan Zinc up after investing $438 million in plant

Hindustan Zinc

19/08/2025 05:06

** Shares of Hindustan Zinc HZNC.NS rise as much as 1.6%

      ** Stock trimmed most gains to trade flat at 427.10 rupees in a broadly flat market .BO

** Miner will spend 38.23 billion rupees ($437.5 million) to set up a metals re-processing plant

** The plant with a capacity of 10 million tons per year, will recover metal from tailing dumps — waste piles left after ore processing

     ** Eleven analysts covering HZNC have a "hold" rating on average; median PT is 462 rupees, per LSEG data

** Stock down 3.8% YTD

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com;))