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Hindustan Zinc emerges preferred bidder for gold mine block, set to expand precious metal portfolio

Hindustan Zinc announced that it has emerged as the preferred bidder for a gold mine block in Rajasthan that will help it expand its precious metal portfolio. “Securing the Dugocha Gold Block is a testament to our prowess in strategic mineral exploration to tap diverse mineral resources to support the nation's rapid economic growth and emerging needs,” said Arun Misra, …

Metal

Renewable energy is starting to shrink the power bills of cement, metal firms

Mumbai: Energy bills of several large core-sector companies have been shrinking, as the benefits of adopting renewable energy begin to trickle in. Experts said the bills are shrinking as companies sign long-term power purchase agreements for green power with independent power producers at a far lower per unit cost compared to conventional coal-powered electricity from the grid. “Cement, metals and …

Hindustan Zinc posts record metal output in Q4

Hindustan Zinc Limited reported its highest-ever quarterly refined metal production at 273 kt, a 6% increase from the previous quarter, attributing the performance to better plant availability. Mined metal production in Q4 FY24 reached 299 kt, an impressive 11% increase from the fourth quarter of FY23, driven by a combination of improved mined metal grades and higher ore production across …

Metal Production

Hindustan Zinc, a subsidiary of Vedanta, on Thursday reported a consolidated net profit of ₹2,156 crore for the December quarter, which is 20% lower than ₹2,701 crore reported in the year-ago period. “Hindustan Zinc delivered best-ever 9 months refined metal on the back of highest ever mined metal. In FY22, we reached the one million tonne mined metal landmark, and …

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