Kayad Mine Icon STORIES THAT SHAPE HZL 2.0
Circular economy as a profit-and-risk lever

From waste generation to responsible stewardship across our value chain

Stories that shape HZL 2.0 visual

Hindustan Zinc has long considered waste as an inevitable cost of mining and metal. Recently, we systematically shifted waste management from a disposal-led model to a value-led model, adopting a multi-pathway approach that prioritises prevention, recovery, reuse, and safe co-processing. The programme improves resource efficiency, reduces long-term environmental liabilities, and unlocks incremental metal recovery and by-product monetisation.

Problem Statement

Mining, milling, and smelting generate significant volumes of overburden, waste rock, tailings, Jarosite, slags, and dusts that require engineered storage, monitoring, and closure planning. They also contain recoverable zinc, lead, silver, and minor metals, alongside cadmium-rich streams arising as smelting by-products. Limited downstream recovery capability meant part of this embedded value remained unrealised.

The opportunity: Build commercially viable pathways that convert waste into products and recover metals, while strengthening operational resilience and ESG performance.

Hindustan Zinc approach

Key efforts undertaken in FY2026 to scale environmental performance and translate them into measurable economic value, include:

Impact created

  • Established a defined pathway towards net zero Jarosite disposal through in-house R&D, global technology engagement, and industry partnerships
  • Scaled multiple utilisation routes (including hematite conversion, alternative gypsum, and hybrid technologies), leading to gainful utilisation of c.653 kt of Jarosite/Jarofix (around 55% of total generation) in FY2026, c.3.8x the FY2020 baseline
  • The fumer plant recovered 2.8 kt of additional metal and 11.9 MT of silver in FY2026, while reducing Jarosite generation by 101 kt
  • Produced cadmium finished goods in FY2026, demonstrating monetisation potential from secondary material streams
  • Improved resource efficiency, lowered landfill dependence, and reduced environmental risk, supporting stronger licence to operate and long-term stakeholder value creation

What This Means for Investors

Circular economy at Hindustan Zinc is critical on both ESG and profit-and-risk lever fronts. It reduces environmental liability and regulatory exposure, unlocks capital-efficient growth optionality from existing waste streams, and reinforces the operational resilience that underpins long-term value creation.

Value creation from circular initiatives in FY2026

₹ 300 crore+

Revenue generated

₹ 100 crore+

EBITDA contribution

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