Vedanta Group company Hindustan Zinc Ltd (HZL) has announced plans to invest approximately Rs 12,000 crore to double its production capacity across its zinc, lead, and silver segments.

The decision was approved during the company’s board meeting held on Tuesday.

“As part of our 2x growth strategy, the board has approved an expansion of integrated refined metal capacity by 250 kilo tonnes per annum (ktpa), along with corresponding increases in mining and milling capacity. This will involve an investment of ?12,000 crore,” HZL stated in a regulatory filing to the BSE.