Hindustan Zinc Share Price Falls Up To 7 Per Cent After Vedanta Block Deal, Extending Losses For Third Consecutive Session

Hindustan Zinc share price fell as much as 7 per cent to day’s low at Rs 452.5 apiece on the NSE on Wednesday, June 18. The sharp decline came after its parent company, Vedanta Ltd, sold a 1.71 per cent stake, which amounts to approximately 7.2 crore shares, via block deals. The transaction value was worth around Rs 3,323 crore, according to media reports.

The floor price for the transaction was set at Rs 460.5 per share, about 5.3 per cent below Hindustan Zinc’s previous closing price of Rs 486.35 on the NSE. As of March 31, 2025, Vedanta held a 63.42 per cent stake, or 267.95 crore shares in Hindustan Zinc, as per the company’s shareholding pattern on the NSE.

DAM Capital Advisors and Citi acted as bankers for the block deal.

Hindustan Zinc Capex Plans

Hindustan Zinc informed the exchanges on Tuesday, June 17 that its Board of Directors has approved a Rs 12,000 crore investment to set up a 250 KTPA integrated zinc metal complex at Debari, along with expanding mining and milling operations. This is the first major step under its broader 2x growth strategy to double refined metal capacity.

The project will be funded through a mix of internal accruals and debt, and is expected to be completed in 36 months.

Post expansion, the company’s total smelting capacity will rise from 1.13 million tonnes to 1.38 million tonnes, while mined metal capacity will increase to 1.51 million tonnes. Silver refining will also see a marginal increase in phase one.

The company currently holds over 77 per cent of India’s primary zinc market and ranks among the world’s top five silver producers.

Hindustan Zinc Share Price History

Hindustan Zinc share price has declined in five of the previous six sessions, during which it lost 15.2 per cent of its market value. Currently, its market cap stands at Rs 1.91 lakh crore. On an year-to-date (YTD) basis, the stock has delivered just 2 per cent return. Meanwhile, the benchmark Nifty 50 index has yielded 4.5 per cent returns.

Over the past one year, Hindustan Zinc share price has declined nearly 30 per cent.