Hindustan Zinc will increase zinc production, will be included in the world’s best companies: Chairperson
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One day we will be among the best companies in the world.” Priya said that zinc will play an important role in the country’s growth story. The sector is expected to grow by at least 3-4 per cent and Hindustan Zinc plans to increase its production from 1 million tonnes to 1.5 million tonnes annually. However, he did not give any time frame for this. The Hindustan Zinc chairperson said, “Our growth efforts include capacity expansion, long-term mine sustainability, cost optimization and customer centricity. We will move towards a sustainable future as we expand our products through these measures.
Hindustan Zinc Ltd. Ltd’s chairperson Priya Agarwal Hebbar said on Thursday that the company would increase zinc production to 1.5 million tonnes. He also said that our aim is to make Hindustan Zinc the best company in the world. Zinc is used in batteries and medicines. Addressing the shareholders at the company’s Annual General Meeting, he said that when the economic history of 21st century India is written, Hindustan Zinc’s transformation story will have a chapter of its own. Hindustan Zinc (HZL) was established in the year 1996 as a public sector company. The National Democratic Alliance (NDA) government led by Atal Bihari Vajpayee sold the controlling stake in the company to Sterlite Industries, a Vedanta group company, in August 2002 for about Rs 769 crore.
Hindustan Zinc today is the second largest zinc-lead miner in the world after Switzerland-based Glencore. It has now entered the top 10 list of silver producers in the world. He said that the production capacity of zinc, lead and silver has also increased to 1.1 million tonnes from 2 million tonnes annually in 2002, with the profit increasing manifold. The company chairperson said, “And we are not done yet… Hindustan Zinc is the industry leader in India. One day we will be among the best companies in the world.” Priya said that zinc will play an important role in the country’s growth story.
The sector is expected to grow by at least 3-4 per cent and Hindustan Zinc plans to increase its production from 1 million tonnes to 1.5 million tonnes annually. However, he did not give any time frame for this. The Hindustan Zinc chairperson said, “Our growth efforts include capacity expansion, long-term mine sustainability, cost optimization and customer centricity. We will move towards a sustainable future as we expand our products through these measures.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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