Udaipur, Rajasthan, India:
- 260,000 tonnes of best-ever refined metals production in the first quarter, up 10% from the first quarter of FY22
- 252,000 tonnes of highest metal production ever mined in the first quarter, up 14% from the first quarter of FY22
- Mined and refined metal
(In ‘000 tonnes, or as indicated)
|EX23||EX22||% To change||EX22||% To change|
|Integrated tradable metal||260||236||ten%||260||–|
|– Refined Zinc||206||188||ten%||211||(2%)|
|– Refined Lead||54||48||11%||49||9%|
|Embedded Silver (in tons)||177||161||ten%||162||9%|
|Embedded silver (in millions of ounces)||5.7||5.2||ten%||5.2||9%|
Q1 Fiscal 2023 vs prior quarters
Highest metal production ever mined in the first quarter at 252,000 tonnes, up 14% from the first quarter of FY22, due to higher ore production, mainly at the Sindesar mines Khurd, Rampura Agucha and Kayad, supported by better factory recovery. Sequentially, it was 15% lower, primarily due to lower ore production at the mines and overall metal grades.
Best refined metal production ever in the first quarter at 260,000 tonnes, up 10% from Q1 FY22, in line with mined metal availability and improved plant availability, and stable sequentially.
Integrated zinc production was 206,000 tonnes, up 10% from Q1 FY22 and down 2% from Q4 FY22. Refined lead production was 54,000 tonnes for Q1 FY23, in up 11% from Q1 FY22 and up 9% sequentially due to improved plant availability and the Pyro plant operating in lead mode for part of the quarter. Marketable silver production was 5.7 moz, up 10% from the first quarter of Fiscal 22 and up 9% sequentially, consistent with metallic lead production.
(In millions of units)
|EX23||EX22||% To change||EX22||% To change|
- Wind power
Wind power generation for Q1 FY23 was 150MU, up 12% from Q1 FY22 and 127% from Q4 FY22, mainly driven by wind speed and seasonality.
Hindustan Zinc, a Vedanta Group company, is one of the largest integrated zinc-lead and silver producers in the world and the only Indian one. The company is headquartered in Udaipur in the state of Rajasthan where it owns its zinc and lead mines and smelting complexes. Hindustan Zinc is energy self-sufficient with captive thermal power plants and has ventured into green energy by setting up wind power plants. The company is ranked 1st in Asia-Pacific and 5th globally in the Dow Jones Sustainability Index in 2021 among mining and metals companies. Hindustan Zinc is a Water Positive certified company, member of the FTSE4Good Index & S&P Global Sustainability Yearbook 2022 and Bronze Medalist at the S&P Global Sustainability Awards.
Being a people oriented company, Hindustan Zinc believes in inculcating the values of trust and excellence to have a culture of high performance within its workforce. The company is proud to have some of the best human practices and employee-centric initiatives, which have certified Hindustan Zinc as – “Great Place to Work 2021”, “Company with Great Managers 2020” by People Business and PeopleFirst Awards of HR excellence.
As a socially responsible company, Hindustan Zinc works tirelessly to improve the lives of rural and tribal people residing near its business sites. The company is among the top 15 CSR spenders in India and currently reaches 700,000 people in 184 villages in Rajasthan, 5 in Uttarakhand and 16 villages in Gujarat. As the market leader, Hindustan Zinc manages about 78% of the growing zinc market in India.
Learn more about Hindustan Zinc at – https://www.hzlindia.com/home/ and follow us on LinkedIn, Twitter, Facebookand instagram for more updates.
This press release contains “forward-looking statements”, that is, statements relating to future and not past events. In this context, forward-looking statements often address our future business and financial performance and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”. , “seek”, “should”. or “will”. Forward-looking statements, by their nature, address matters that are, to varying degrees, uncertain. For us, uncertainties arise from the behavior of the financial and metals markets, including the London Metal Exchange, the London Bullion Metal Association, fluctuations in interest and/or exchange rates and metal prices; the future integration of acquired businesses; and many other national, regional and global issues, including those of a political, economic, commercial, competitive or regulatory nature. These uncertainties may cause our actual future results and/or business operations to differ materially from those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements and investors should make their own decisions.
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Shweta Arora (Head of Investor Relations), Hindustan Zinc Limited, [email protected]+91-9538453097
Maitreyee Sankhla (Acting Head – Corporate Communications), Hindustan Zinc Limited, [email protected]+91-7742161333