Hindustan Zinc’s Commercial Paper Rating Reaffirmed at [ICRA]A1+ by ICRA Limited

Mumbai, January 31, 2026 – Hindustan Zinc Limited (HZL), one of India’s largest integrated zinc-lead-silver producers, has received a reaffirmation of its commercial paper rating from ICRA Limited, a leading credit rating agency in India. The rating applies to a commercial paper instrument worth ₹5,000 crore, with the agency assigning it a [ICRA]A1+ rating, signaling the highest level of credit quality and minimal risk for investors.

The reaffirmation highlights HZL’s strong financial health, consistent liquidity profile, and robust operational performance. ICRA cited the company’s diverse product portfolio, dominant market position, and strong backing from its parent company, Vedanta Limited, as key factors supporting the rating. This move further reinforces HZL’s credibility among investors and financial institutions seeking short-term investment opportunities.

For investors, the [ICRA]A1+ rating confirms that HZL’s commercial paper is a safe and attractive instrument for managing short-term funds, reflecting confidence in the company’s ability to meet its financial obligations promptly. The rating is particularly relevant for lenders and institutional investors monitoring HZL’s short-term creditworthiness.

Hindustan Zinc, a subsidiary of Vedanta Limited, operates across the entire zinc-lead-silver value chain, from mining to smelting and refining. The company is recognized not only for its operational excellence but also for its focus on sustainability and community development, making it a benchmark in the Indian metals industry.

For a detailed explanation of the credit rating, ICRA’s report can be accessed here: ICRA HZL Credit Rating Rationale.