– Through a transparent selection process, IGC recognises and awards outstanding performance by industry players.
– Hindustan Zinc’s online portal initiative was applauded by the IGC Excellence Award Committee.
Udaipur, 12th Friday: The IGC Excellence Award Committee presented Hindustan Zinc with the award ‘India’s Largest Silver Miner and Refiner’ at the Marriott in Jaipur. Hindustan Zinc Limited received the award for their online portal initiative, which enabled silver users to get metal during the most difficult period of COVID-19 led lockdown in FY20 and FY21. Ms. Amrita Singh (Chief Marketing Officer) received the award on behalf of Hindustan Zinc.
To eliminate manual intervention, the company began selling silver spots through an e-auction, giving all the buyers an equal chance to compete and complete price transparency during sales. The ceremony was graced by XXX.
Eventell Global Advisory Private Limited and the India Bullion & Jewellers Association (IBJA) collaborated to organise the event. The Indian Gold Conference (IGC) strives to provide a neutral platform for the gold bullion industry to connect, discuss, and deliberate on the sector’s future.
Hindustan Zinc is India’s only major silver producer, ranking sixth among the world’s top silver producers. The company serves a wide range of markets, including the industrial sector (electrical components, solders and alloys, and pharmaceuticals), as well as jewellery and silverware. The world-class, silver rich Sindesar Khurd Mine (SKM) of Hindustan Zinc is India’s largest underground mine, with a capacity of 6 million tonnes. In FY21, the company produced the most silver it has ever produced, at 706 tonnes, up 16% year over year. Higher output from current and new silver-rich resources, as well as improved process recovery, are driving the company’s goal of reaching 1,000 tonnes in the coming few years. This will place them in a position to become one of the world’s top three silver producers.
About Hindustan Zinc Limited
Hindustan Zinc, a Vedanta Group company in Zinc-Lead and Silver business is world’s 2nd largest integrated Zinc producer and 5th largest Silver producer. The company governs about ~80% of the growing Zinc market in India with its headquarters at Udaipur along with Zinc-Lead mines and smelting complexes spread across the state of Rajasthan.
Hindustan Zinc is self-sufficient in power with captive thermal power plants and has ventured into green energy by setting-up wind power plants. The company ranked highest in the S&P Global Corporate Sustainability Assessment in 2023 amongst Metals & Mining companies reflecting & reaffirming its constant commitment towards sustainable and responsible mining practices. Hindustan Zinc is a certified Water Positive company and is the only Indian company to be recognized at the S&P Global Platts Metal Award 2022 winning two prestigious awards for ‘Industry Leadership Award – Base, Precious & Specialty Metals’ Award and ‘Corporate Social Responsibility’ Award. Hindustan Zinc is also the only Indian company in Mining sector with validated & approved SBTi targets in alignment with 1.5 °C target.
The company takes pride in having some of the best-in-class people practices and employee-centric initiatives, which have certified Hindustan Zinc as – ‘Great Place to Work 2023’, ‘Company with Great Managers 2022’ by People Business and the ‘People-first HR Excellence Award’.
As a socially responsible corporate, Hindustan Zinc has been relentlessly working towards transforming lives of 1.7 million people in 237 villages in the states of Rajasthan and Uttarakhand with a spend base of INR 276.3 crores in FY23 for various community development initiatives and is amongst the Top 10 CSR Companies in India.
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