Hindustan Zinc, the global integrated producer of zinc, lead and silver on Friday reported a Net Profit of Rs 2,345 crore up by 19 per cent y-o-y. The Q1 EBIDTA of the company also increased to 3,946 crore up by 17 per cent.
The company recently launched Asia’s first low carbon ‘green’ zinc, EcoZen and announced the commencement of renewable power supply from Serentica Renewables’ 180 MW solar project.
Commenting on the performance, Arun Misra, CEO, said: “Hindustan Zinc has started the year on a strong note, recording highest ever first quarter mined and refined metal production, leveraging strong metal prices during the quarter. It also gives me immense pleasure to inform you that we have expedited the commencement of our renewable energy power delivery with the receipt of the first flow of RE power from Serentica 180 MW solar project in May 2024.
He added, that we have launched Asia’s first low carbon ‘green’ zinc, EcoZen, produced using renewable energy and certified by a renowned global sustainability consulting firm for its life cycle carbon footprint assessment.
Sandeep Modi, CFO, said,“Ascertaining HZL’s global cost leadership, we have further optimized the cost of production for the quarter at USD 1,107 per tonne, clocking a figure lower than the last three financial years. With a holistic focus on operational cum financial excellence, we expanded the margins during the quarter, along with a commendable increase in the domestic primary zinc market share.”
