Key Points:

Government Stance: The government is not in favor of Hindustan Zinc's proposal to restructure, citing concerns over potential impacts on operational efficiency and management.

Stakeholder Interests: As the largest shareholder, the government's position reflects its interest in maintaining a cohesive and integrated approach within the mining sector.

Future Discussions: The source indicated that further discussions may take place, but the fundamental opposition to the split remains.

Conclusion: The Indian government’s resistance to Hindustan Zinc's restructuring proposal highlights ongoing tensions between corporate strategies and public stakeholder interests in the mining industry.