Hindustan Zinc targets 70% renewable power by FY28
The company is accelerating its energy transition through renewable power generation, procurement agreements and projects aimed at improving efficiency and sustainability.
Hindustan Zinc Ltd (HZL), a firm within the Vedanta group, has announced that it is aiming to power 70% of its overall energy needs through renewable sources by the fiscal year 2028. This shift in energy consumption, which is currently at 22%, indicates the company's commitment to a greener future. Over the past two fiscal years, the company's generation of green power has seen a significant increase, from 632 million units in fiscal year 2025 to 892 million units in fiscal year 2026, as reported in a filing to the Bombay Stock Exchange (BSE).
In pursuit of this renewable energy goal, Hindustan Zinc has taken several steps, including expanding its power delivery agreement with Serentica Renewables from 450 megawatts to 530 megawatts. Furthermore, the company is progressing towards its energy transition by upgrading its connectivity from the state transmission network to the central transmission utility.
This move, coupled with innovative in-house projects such as improving waste heat recovery boiler steam turbine generation and harnessing renewable energy through floating solar installations, is paving the way for a more sustainable and resilient business.
HZL's CEO, Amarendu Prakash, emphasized that achieving 70% renewable energy is not merely a decarbonization strategy for the company; it is integral to creating a more efficient, competitive, and responsible business model.
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