Hindustan Zinc - A Telltale Of Improved Mining Efficiency: Systematix

"BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.We came back positive from our visit to Hindustan Zinc Ltd.’s Sindesar Khurd Mine and Debari Zinc Smelter in Rajasthan. Hindustan Zinc has five mining units and three smelting units in Rajasthan and a zinc-lead-silver processing and refining unit in Pantnagar, Uttarakhand. The company’s total reserves and resources is estimated at 460 million tonne as of FY23 (versus 448 mt in FY22) which contains 30.8 mt of zinc-lead metal and 856 million ounces of silver. Sindesar Khurd Mine commenced operations in 2006 with a capacity of 0.3 million tonnes per annum and currently has over 25 years of mining lease. Hindustan Zinc is ramping up volumes and has improved efficiency through automation and digitalization of mines. Sindesar Khurd Mine has deployed automated and tele-remote controlled drilling operations which ensures increased production as well as a safer working environment. We saw Hindustan Zinc move towards reducing its carbon footprint with the introduction of battery-operated electric vehicles in underground mining operations at Sindesar Khurd Mine; a first in India. Hindustan Zinc maintains its FY24 capex target between $175-200 million focused on the fertiliser plant, installation of a new roaster for the zinc smelter, and de-bottlenecking of the leaching circuit to reach 1.2 mt zinc metal capacity by FY25/26. The company achieved 1,062 kilo tonne of mined metal production in FY23 (highest ever), expected to grow to ~1.1 mt in FY24. We have a 'Hold' rating on the stock based on 7.5 times FY25E Ebitda with a target price of Rs 348/share..Click on the attachment to read the full report:.JSW Infrastructure IPO: All You Need To Know.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Hindustan Zinc - A Telltale Of Improved Mining Efficiency: Systematix

Hindustan Zinc is ramping up volumes and has improved efficiency through automation and digitalisation of mines.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Hindustan Zinc - A Telltale Of Improved Mining Efficiency: Systematix

Hindustan Zinc is ramping up volumes and has improved efficiency through automation and digitalisation of mines.

Choose a plan

Follow Us

DOWNLOAD THE APP