Hindustan Zinc Increases Renewable Power to 22%, Targets 70% by FY28
Hindustan Zinc has increased its renewable power consumption to 22% and targets 70% by FY28. This is supported by a 530 MW renewable power arrangement. The company aims for Net Zero emissions by 2050. CEO Amarendu Prakash highlighted clean energy's role in business resilience and India's energy security.
The increase in renewable energy consumption and the ambitious target for FY28 will have a medium-term impact on the company's operational costs and environmental footprint. The expansion of renewable power arrangements and the focus on achieving Net Zero emissions are strategically important for long-term sustainability and stakeholder value.
The announcement details a significant increase in renewable power consumption and a clear target for future renewable energy sourcing, indicating a strong commitment to sustainability and environmental goals. This proactive approach to clean energy is viewed positively.
Hindustan Zinc Limited (HZL) has announced an increase in its renewable power consumption to 22% of its total power usage, up from approximately 18% in FY26. The company is targeting to source 70% of its electricity requirements from renewable energy by FY2028. This transition is supported by a 530 MW round-the-clock renewable power arrangement with Serentica Renewables, an increase from the previous 450 MW. HZL aims to achieve Net Zero emissions by 2050 or sooner, aligning with its Science Based Targets initiative (SBTi) validated decarbonisation pathway. The company generated 892 million units of green power in FY26, an increase from 632 million units in FY25. Mr. Amarendu Prakash, CEO of Hindustan Zinc, stated that clean energy is fundamental to creating a more resilient, competitive, and responsible business, supporting India's energy security. HZL, a Vedanta Group company, is recognized for its sustainability efforts and aims to be a multi-metal future producer through responsible operations.
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Hindustan Zinc Limited filed this with the NSE as a statutory disclosure, categorised under sustainability initiatives. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Hindustan Zinc Limited. Read the original for the full detail.