Hindustan Zinc Ltd. will spin off business into two—one each for its zinc or lead and silver units—following recommendations from a panel that was set up to look at unlocking value in the Vedanta Ltd.-owned company. The company had initially examined a three-way demerger—where its zinc\lead, silver and recycling businesses would be independent units.
The company plans to keep its recycling business as a subsidiary. “We want to make the recycling business much bigger,” Hebbar said, adding that they want to be the biggest recycling company in the world because it is important for the future, for sustainability.