Vedanta Ltd & President of India Backed Company Secures Potash Block in Rajasthan; FIIs Increase Stake
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In a strategic boost to its growth pipeline, Hindustan Zinc Ltd wins a key potash block in Rajasthan - just as foreign investors ramp up their stake, signalling renewed market confidence.
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Hindustan Zinc Ltd has achieved a significant milestone in its strategic growth journey by emerging as the successful bidder in a competitive e-auction conducted by the Ministry of Mines, Government of India.
The Ministry, through its Notice Inviting Tender dated January 20, 2025, had invited bids under Tranche V of auctions for critical and strategic mineral blocks. These auctions were aimed at granting Composite Licences for exploration and mining of key mineral resources essential to India’s long-term economic and industrial development.
Pursuant to its participation in the live e-auction process, the company has been declared the ‘Successful Bidder’ for the Jhandawali–Satipura Amalgamated Potash and Halite Block located in Rajasthan. The confirmation was received via notification dated April 12, 2026 at 05:32 PM IST.
The company secured the block with the highest Final Price Offer of 3.05 per cent, underscoring its competitive positioning and commitment to expanding its presence in the critical minerals sector.
As per the tender document, the Jhandawali–Satipura Amalgamated Potash and Halite Block spans a total area of 1,841.22 hectares and is categorised at the G3 level of exploration. This classification indicates a reconnaissance stage of exploration, offering substantial potential for further detailed assesSMEnt and resource development.
About Hindustan Zinc Ltd
Hindustan Zinc Ltd (HZL) is India’s leading integrated producer of zinc, and also produces lead, silver and cadmium. The company is among the world’s largest zinc producers and plays a key role in supplying essential metals for infrastructure and industrial growth.
HZL became a subsidiary of Vedanta Limited following its privatisation in 2003. Headquartered in Udaipur, it operates a network of mines, smelters and captive power plants across Rajasthan and Uttarakhand.
Hindustan Zinc Ltd Share Price Performance
Hindustan Zinc Ltd ended the session at Rs 562.55, registering a modest decline of Rs 2.05 or 0.36 per cent compared to its previous close of Rs 564.60. The stock witnessed some volatility during the day, opening lower at Rs 550.05 and trading within a relatively wide range before touching an Intraday high of Rs 565.00 and a low of Rs 550.00. On a broader basis, the stock remains under pressure on a year-to-date basis, reflecting a decline of 8.00 per cent. However, the longer-term trend continues to remain positive, with a strong gain of 36.97 per cent over the past one year.
Disclaimer: The article is for informational purposes only and not investment advice.