Page 44 - Bullion World Volume 02 Issue 08 August 2022

Bullion World | Volume 2 | Issue 08 | August 2022

Hindustan Zinc Ltd

Transforming from

pure-play commodity to

value added player

Can you please introduce conscious call to take a step back
yourself and Hindustan Zinc? from being a pure-play commodity
Thank you so much; I’m thrilled player. We’re making strenuous
to be part of this esteemed event efforts to be productive players. So,
at IGC 2022, a fabulous event we are evaluating the opportunities
we all look forward to every year. of value-added products in silver,
Representing Hindustan Zinc, I and we have already started
want to share that I’ve taken over making a few of them, like silver
as the CEO and as you’re all aware, nitrate we have made in batches in
Hindustan Zinc is the leading the past. Still, we need to get into
primary producer of silver in India, more commercialised space and
and we have a substantial presence more volume. So, we are evaluating
in the Indian domestic market; we the opportunities for alloys, coins
cater to about 12-15% of the Indian and minted bars, and these are all
domestic market. We’re happy under review, but I’m confident that Mr Vijay Murthy
to say we’ve been catering to all in the coming years, we will have a CEO of Lead, Silver and
the domestic requirements, from strong footprint on the value-added Minor Metals
electrical contact manufacturers to side. Hindustan Zinc Ltd
various applications. As our Prime
Minister said, in terms of Make in We continuously evaluate new our silver production has remained
India and make for the world, I think opportunities and try to see how constant between 625-700 tonnes,
we first have made in India to fulfil well we can use this opportunity. so we expect to end FY2023 with
our domestic requirements; we’re For example, in the growing around 700-725 tonnes, but we do
only a 650-700 tonne player as of renewable energy and EV space, have an optimal target which we will
now compared to the Indian market We’re looking to the government continue to move and inch towards.
of 5000 tonnes so we have a long to support the entire make in India, We’re hopeful that with successive
way to go and we’re working on it. especially for the solar panels exploration and maybe trying to
and where we feel we can make a optimise our silver resource, we
Hindustan Zinc being a vertically substantial contribution. should be able to reach our target.
integrated player, we see only a The target is to make for India and
few players in the global arena Regarding the ramp-up of make for the world.
have the ambition to do value- production, what are the plans
added products in silver. What for Hindustan Zinc? You have recently launched an
strategic plans do you have in In terms of refining capacity, we’re online portal. Can you share
place to address the value-added already there, we already have some details about it?
segment? higher than existing products in We are one of the few commodity
Historically, we’ve been a terms of refining capacity, and if companies in the world going
commodity player, and it was a you look at the last three years, towards a digitally enabled end-

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