HZL expects production costs to reduce in FY24
COAL & MINING

HZL expects production costs to reduce in FY24

According to Hindustan Zinc Ltd.'s chief executive officer, Arun Misra, increasing the use of locally supplied coal, utilising digital projects for operational savings, and increasing volume will be the major enablers in lowering the production cost of zinc. According to Misra, "We have been using domestic coal from India as an offset against expensive imported coal." "Even though we were built to consume 30% of domestic coal, we were only getting 4-5% at first. Since it began to rise, it has increased by 17–20% yearly.

According to Hindustan Zinc Ltd.'s chief executive officer, Arun Misra, increasing the use of locally supplied coal, utilising digital projects for operational savings, and increasing volume will be the major enablers in lowering the production cost of zinc. According to Misra, We have been using domestic coal from India as an offset against expensive imported coal. Even though we were built to consume 30% of domestic coal, we were only getting 4-5% at first. Since it began to rise, it has increased by 17–20% yearly.

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The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

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