Zinc: A Brief Overview
Zinc is primarily used in the manufacturing industry, where it is used to make products such as batteries, electrical wiring, and plumbing fixtures. In addition, zinc is also used in the construction industry for roofing and cladding materials. However, the pharmaceutical industry is one of the largest consumers of zinc, using it to produce medications for various health conditions.
Top Zinc Companies in India
1. Vedanta Limited
Vedanta Limited is one of the largest diversified conglomerates in India, with operations in various sectors such as mining, energy, and chemicals. The company’s flagship subsidiary, Cairn Energy, produces zinc concentrate through its operations in Bolivia and Peru. Vedanta has a strong presence in the Indian market, with its Zinc-Lead Smelter at Debra in Odisha being one of the largest of its kind in the world.
2. Nalco Limited
Nalco Limited is another major player in the Indian zinc industry. The company was established in 1954 and has since expanded its operations to include a wide range of products, including aluminum, copper, and nickel. Nalco’s flagship zinc smelter at Daman in Gujarat is one of the largest in India, producing over 300,000 metric tons of zinc annually.
3. Hindustan Zinc Limited
Hindustan Zinc Limited (HZL) is a subsidiary of Vedanta Resources and is one of the largest producers of zinc in India. The company has operations across India, with its flagship smelter at Debra in Odisha being one of the largest in the world. HZL also produces various other products such as copper, lead, and silver.
4. Balco Industries Limited
Balco Industries Limited is a subsidiary of Vedanta Resources and has operations across India. The company was established in 1962 and has since expanded its operations to include a wide range of products, including aluminum, copper, and zinc. Balco’s flagship zinc smelter at Panchpur in Chhattisgarh is one of the largest in India, producing over 250,000 metric tons of zinc annually.
Why Invest in Zinc Companies?
Investing in zinc companies can be a lucrative opportunity for investors. As mentioned earlier, zinc is an essential metal that is used in various industries. This means that there is always demand for zinc products, making investing in these companies a sound financial decision. In addition, the Indian zinc industry is expected to grow at a CAGR of 5.7% from 2021 to 2028, according to a report by ResearchAndMarkets. This growth is due to increasing demand for zinc products, particularly in the construction and pharmaceutical industries.
