Budget reaction- The growth-oriented and CAPEX-focussed Budget 2022 will boost the development of the economy at a higher rate post-pandemic- Mr. Arun Misra, CEO, Hindustan Zinc
February 2: The growth-oriented and CAPEX-focussed Budget 2022 will boost the development of the economy at a higher rate post-pandemic. The demand for zinc is set to go up 6.2% annually, with a steady rise in usage of galvanised steel by various sectors, especially the railways that have been consuming about 18%. Overall infrastructure growth and defence research and development (R&D) will only increase the need for metals in manufacturing specialised high-grade equipment under the ‘Atmanirbhar Bharat’ vision. With the rise in demand for the usage of galvanised steel, the demand for zinc is likely to rise as a consequence. India is on the cusp of a major metals revolution, and this budget is set to make that happen.
About Hindustan Zinc Limited:
Hindustan Zinc, a Vedanta Group Company, is one of the world’s largest and India’s only integrated producer of Zinc-Lead and Silver. The Company has its headquarters at Udaipur in the State of Rajasthan, where it has its Zinc-Lead mines and smelting complexes. Hindustan Zinc is self-sufficient in power with captive thermal power plants and has ventured into green energy by setting upwind power plants. The Company is ranked 1st in Asia-Pacific and globally 5th in Dow Jones Sustainability Index in 2021 amongst Mining & Metal companies. Hindustan Zinc is a certified Water Positive Company, a member of the FTSE4Good Index.
Being a people-first company, Hindustan Zinc believes in inculcating the values of Trust and Excellence to have a culture of high-performance in its workforce. 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 2021’, ‘Company with Great Managers 2020’ by People Business and the PeopleFirst HR Excellence Award.
As a socially responsible corporate, Hindustan Zinc has been relentlessly working to improve the lives of rural and tribal people residing near its business locations. The company is amongst the Top 15 CSR Spenders in India and are currently reaching out to 700,000 people in 184 villages of Rajasthan, 5 in Uttarakhand and 16 villages in Gujarat. As a market leader, Hindustan Zinc governs about 78% of the growing Zinc market in India.
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