HZL Directors Approve Rs 1,400 Crore Debenture Fundraise

• Hindustan Zinc Ltd (HZL) committee of directors approved raising up to Rs 1,400 crore through debentures.
• The fundraising involves 42,000 debentures worth Rs 420 crore and 98,000 debentures worth Rs 980 crore.
• These are unsecured, redeemable, rated, listed non-convertible debentures, each with a face value of Rs 1,00,000.
• The funds will support HZL's capacity expansion to meet global zinc demand, crucial for galvanized steel, EVs, and renewables.
• This move aligns with India's Atmanirbhar Bharat initiative, reducing import dependence and supporting Vedanta's investment commitments.

Why It Matters: HZL will raise Rs 1,400 crore via debentures to fund capacity expansion and support India's self-reliance.