[5] Hindustan Zinc Limited was incorporated from the erstwhile Metal Corporation of India on 10 January 1966 as a Public Sector Undertaking (PSU).

[6][7] In April 2002, Sterlite Opportunities and Ventures Limited (SOVL) made an open offer for acquisition of shares of the company; consequent to the disinvestment of Government of India's (GOI) stake of 26% including management control to SOVL and acquired additional 20% of shares from public, pursuant to the SEBI Regulations 1997.

Other mines owned by HZL are located in Rajpura and Dariba, Sindesar Khurd, Kayad and Zawar, all in Rajasthan.

It was initially intended to serve as a smelting facility for Silver production, but later Zinc and Lead melting and casting plants were also established here.

[10][better source needed] It also has zinc smelter in Visakhapatnam, Andhra Pradesh, where operations have been suspended since February 2012.