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Mining major Hindustan Zinc plans to increase its silver production to 1500-2000 tonne from 700 tonne amid the ongoing rally in the precious metal.<br><br>The company, which is Indiau2019s largest silver producer, aims to extract more silver through use of innovative technology. Hindustan Zinc plans to invest about $2 billion to increase overall metal production capacities to 2 million tonne, sources said.
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HINDUSTAN ZINC TARGETS RAMP UP OF SILVER OUTPUT USING NEW TECHNOLOGY
INTRODUCTION According to market analysts from leading brokerage firms, the disinvestment of the government’s stake in Hindustan Zinc will be key to unlocking India’s silver growth as it will allow the company to perform to its full potential
Mining major Hindustan Zinc plans to increase its silver production to 1500-2000 tonne from 700 tonne amid the ongoing rally in the precious metal. The company, which is India’s largest silver producer, aims to extract more silver through use of innovative technology.
Hindustan Zinc plans to invest about $2 billion to increase overall metal production capacities to 2 million tonne, sources said. In 2024, the company’s silver refinery in Uttarakhand received clearances to expand the production capacity of refined silver from 800 tonne per annum to 1,120 tpa in two phases.
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