Hindustan Zinc has set aside $300 million for capital expenditure in FY25 to build a new roaster in Rajasthan,

Chief Financial Officer Sandeep Modi said that the company’s strong cash flow would cover the project’s cost and wouldn’t require additional borrowing.

The new roaster, a type of furnace used in the metallurgical process to treat zinc ores, in Debari, Rajasthan, comes amid the company’s bullish outlook on zinc prices this year.

“We have enough cash flow..we have Rs 10,000 crore plus amount of liquidity available. We don’t intend to do any borrowing only for the purpose of the capex,” Modi said, adding that the capex allocation would also be utilized for the renewable energy plans.