Hindustan Zinc Emerges as Preferred Bidder for Two Mineral Blocks

28 May 2025 , 04:21 PM

Vedanta-owned Hindustan Zinc Ltd. has been declared the Preferred Bidder for two critical and strategic mineral blocks in India, as per the Ministry of Mines’ latest auction results announced on May 28, 2025.

The company secured top bids for:

• The Jhandawali–Satipura Amalgamated Potash and Halite Block in Rajasthan with a final price offer of 3.05%.
• The Nawatola–Laband Rare Earth Elements (REE) Block in Uttar Pradesh with a final price offer of 3.55%.

According to the regulatory filing, both mineral blocks are classified under G3 level exploration as per the tender guidelines. Jhandawali–Satipura block is spread over 1841.22 hectares, whereas the Nawatola-Laband REE block over 201.01 hectares. These strategic victories establish Hindustan Zinc as a significant player in the strategic minerals domain and fit well with India’s thrust on mineral security and self-reliance.

In an earlier announcement in April, the firm had declared Q4 FY25 results, reporting a remarkable growth on all major measurements. The March 2025 quarter revenues were at ₹9,087 crore, up 20% from last year. Net profit of the company increased 47% YoY to Rs 3,003 crore reflecting strong operational efficiency and increased metal realization. EBITDA for Q4 FY25 came in at ₹4,820 crore, up 32% YoY. The EBITDA margin increased significantly, up about 500 basis points to 53% from 48.3% in the prior-year quarter.

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