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Hindustan Zinc to become fully underground mining company by early next financial year

07 Aug 2017 Evaluate

Hindustan Zinc is on its way to becoming a fully underground mining company by early next financial year. The company plans to convert its Rampur Agucha block, which contributes 75% of its output, to under-ground mine by shutting all open cast operations. The company is also expanding metal production capacity to 1.2 million tonnes (MT) by 2019-20 from around 1 MT at present. 

Hindustan Zinc is an India-based company, which is engaged in the mining and smelting of zinc, lead and silver metal in India. The Company's segments are Mining and smelting of zinc, lead and silver, and Wind energy.

Peers
Company Name CMP
Hindalco Industries 960.50
Vedanta 257.20
Hindustan Zinc 561.00
Jain Resource Recycl 275.10
CMR Green Tech 212.80
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