+
Hindustan Zinc to spend $1 bn on ending diesel use
POWER & RENEWABLE ENERGY

Hindustan Zinc to spend $1 bn on ending diesel use

Vedanta Group firm Hindustan Zinc Ltd (HZL), the world's second-largest manufacturer of the metal, plans to invest over $1 billion (Rs 82.70 billion) to switch from diesel-fired mining vehicles to battery-operated ones and also to fully turn into a green energy user over the next five years.

The Udaipur-based company, which is also the sole producer of silver and the largest maker of zinc and lead in the country, is currently running four of its 900 mining vehicles on battery on a pilot basis.

The company, with an annual production of 1 million tonnes zinc, up from 100,000 tonnes when it was privatised in 2002, also expects stable demand in the March quarter despite the growing fears of a global recession, its chief executive Arun Misra said at the weekend.

The government still owns 29% of the cash-rich HZL and has three members on the board. On this, Misra said he recently met government officials in New Delhi and full divestment may happen soon.

On the commitment to be net carbon-zero by 2050, he said the company has signed a power purchase agreement for sourcing up to 200 MW renewable energy, which will avoid 1.2 million tonne of carbon emission.

See also:
Govt intends to sell 6 mineral blocks in Rajasthan and Odisha next month
Invenire Energy to invest $500 mn in Andhra CBM block


Vedanta Group firm Hindustan Zinc Ltd (HZL), the world's second-largest manufacturer of the metal, plans to invest over $1 billion (Rs 82.70 billion) to switch from diesel-fired mining vehicles to battery-operated ones and also to fully turn into a green energy user over the next five years. The Udaipur-based company, which is also the sole producer of silver and the largest maker of zinc and lead in the country, is currently running four of its 900 mining vehicles on battery on a pilot basis. The company, with an annual production of 1 million tonnes zinc, up from 100,000 tonnes when it was privatised in 2002, also expects stable demand in the March quarter despite the growing fears of a global recession, its chief executive Arun Misra said at the weekend. The government still owns 29% of the cash-rich HZL and has three members on the board. On this, Misra said he recently met government officials in New Delhi and full divestment may happen soon. On the commitment to be net carbon-zero by 2050, he said the company has signed a power purchase agreement for sourcing up to 200 MW renewable energy, which will avoid 1.2 million tonne of carbon emission. See also: Govt intends to sell 6 mineral blocks in Rajasthan and Odisha next monthInvenire Energy to invest $500 mn in Andhra CBM block

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?