Shares of Hindustan Zinc Ltd are trading flat after touching a day’s high of Rs 433.70 on 19th August. This came after the company announced on Monday that its board had approved the setting up of a 10 million tonnes per annum (MTPA) tailings reprocessing plant. The planned capital expenditure for this is up to Rs 3,823 crore.

The facility, which the company said will be India’s first of its kind, is designed to recover metals from accumulated tailing dumps. The move is part of Hindustan Zinc’s broader “2X growth plan.” This plan aims to double capacity.

According to its exchange filing, the project will also help cut the environmental impact of traditional wet tailings disposal. Additionally, it will improve overall mineral recovery.

Last month, the company reported a consolidated net profit of Rs 2,234 crore in Q1 FY26. This was down 4.7% from Rs 2,345 crore in the same quarter of the previous year. Revenue for the quarter slipped 4.4% year-over-year to Rs 7,771 crore from Rs 8,130 crore.

At 12:00 PM, the shares of Hindustan Zinc were trading 0.23% higher at Rs 428.10 on NSE.

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