Hindustan Zinc is building a fertiliser and roaster plant. According to a statement released on July 21, 2020, Hindustan Zinc (HZL) will spend about INR 2,200 crores on this project. The project includes a 0.16 million tonnes per annum (TPA) roasting facility and a 0.5 million TPA fertiliser unit. At its meeting on Thursday, the HZL board gave the two units its approval. The phosphatic fertilisers will be the major product of the upcoming fertiliser factory at Chanderiya, Rajasthan.
The smelters of Hindustan Zinc and Rajasthani rock phosphate will supply 60% to 70% of the raw materials for the fertiliser plant. Imports will fill any raw material deficit. The HZL has cash and financial equivalents of INR 24,254 crores as of June 30, 2022. It wants to market fertilisers in Rajasthan, Uttar Pradesh, and Madhya Pradesh among other states. Imports mostly serve their current needs.
Construction Activities and Timeline
After construction on the fertiliser plant begins in six months, it will be operational in the following 22 to 24 months. The fertiliser is a completely different game. A wholly owned subsidiary will administer the operation in an earnings call according to CEO Arun Misra. They would invest an estimated INR 800 crores in the roasting facility. However, no selection for the roasting plant’s site has been made.
They would invest an estimated INR 800 crores in the roasting facility.
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