Executive Brief: Hindustan Zinc Ltd (HZL) – ESG Transition & Capex Roadmap

1. Renewable Energy Milestones & Clean Power Scale-Up Clean Power Share: Expanded renewable power share in total electricity consumption to 22% (up from ~18% in FY26), with a strategic roadmap to reach 70% by FY28. Green Power Output: Generated 892 million units of clean power in FY26, up 41.1% YoY compared to 632 million units in FY25, driven by captive capacity additions and direct procurement. Portfolio Mix: Combines multi-source solar, wind, and Battery Energy Storage Systems (BESS) across primary smelting and mining operations. 2. Power Sourcing & Transmission Infrastructure RTC Agreement Expansion: Upgraded round-the-clock (RTC) clean energy power delivery agreement (PDA) with Serentica Renewables to 530 MW (from 450 MW). Grid Optimization: Migrating power connectivity from the state network to the Central Transmission Utility (CTU) for enhanced reliability and operational efficiency. Efficiency Measures: Implementing floating solar installations on plant water bodies and enhancing waste heat recovery boiler (WHRB) steam turbine generation. 3. Capital Expenditure & Growth Pipeline FY Capex Allocation: Planned outlay of $500–600 million (~₹5,000 crore). Capital Deployment: 80% dedicated to projects under active execution; remaining 20% allocated to upcoming capacity and technological enhancements. 4. Decarbonization & Long-Term ESG Targets Net-Zero Trajectory: Initiatives align directly with HZL’s Science Based Targets initiative (SBTi) validated decarbonization framework to achieve net-zero carbon emissions by 2050 or earlier. Market Data: Hindustan Zinc shares closed at ₹558.50 (-1.59%) on the NSE on August 18, 2026.