Hindustan Zinc, a leading zinc producer in India, saw its share price rise on March 10, 2025, despite a volatile stock market. The company announced plans to raise funds through non-convertible debentures worth ₹500 crore and strengthen its partnership with Serentica Renewables to expand renewable energy capacity to 530 MW. The stock opened lower but rebounded, gaining despite weak global cues.
Hindustan Zinc Ltd, one of India’s largest integrated zinc-lead producers and a subsidiary of Vedanta Limited, witnessed a rise in its share price during intraday trading despite market volatility. The surge came as the company announced plans to raise ₹500 crore through non-convertible debentures (NCDs) and expand its renewable energy partnership with Serentica Renewables to augment its green energy capacity to 530 MW.
Hindustan Zinc’s Fundraising Plans
In a board meeting held on March 10, 2025, Hindustan Zinc approved the issuance of unsecured, redeemable, rated, and listed NCDs worth ₹500 crore. The funds will likely be used for expansion, debt management, and sustainability projects.
Expansion of Green Energy Capacity
Alongside the fundraising announcement, Hindustan Zinc also disclosed plans to strengthen its partnership with Serentica Renewables. The company has already signed power delivery agreements for 450 MW of round-the-clock renewable energy and will now increase this to 530 MW. This expansion will help the company meet 70% of its total power requirements from renewable sources.
Hindustan Zinc confirmed that the initial flow of renewable power from its existing agreements has already begun, marking a significant step in its commitment to sustainability and reducing carbon emissions.
Stock Performance Amid Volatile Markets
Hindustan Zinc’s stock opened at ₹421.55 on the Bombay Stock Exchange (BSE), slightly lower than the previous close of ₹426.70. However, the stock quickly rebounded, touching an intraday high of ₹431.80 before stabilizing. Despite weak global cues leading to a 0.5% correction in benchmark indices, Hindustan Zinc shares gained, showing investor confidence in the company’s strategic moves.
While Hindustan Zinc’s share price remains 4% lower year-to-date and significantly below its May 2024 highs, it has gained 7% in the last five days. Over the past five years, the stock has delivered more than 200% returns, making it a multibagger investment for long-term shareholders.
With a focus on sustainability and strong financial planning, Hindustan Zinc continues to strengthen its market position. The latest fundraise and green energy expansion reinforce its commitment to long-term growth and operational efficiency. Investors will closely watch further developments in the company’s renewable energy integration and capital allocation strategies.
