Hindustan Zinc's Pantnagar plant to source 100% power from renewable energy

13 Sept 2022 , 03:00 PM

Hindustan Zinc Limited, a Vedanta group firm and India's largest & only integrated producer of zinc, lead, and silver, has made progress toward its ESG objective of achieving Net Zero emissions.  Hindustan Zinc's Pantnagar Metal Plant (PMP) has become Vedanta Limited's first unit to source 100% green power for its operations.

The PMP unit signed an agreement with M/s UPCL (Uttarakhand Power Corporation Limited) for provision of hydropower-based renewable energy.

It is a proud moment for Hindustan Zinc as they move forward by decreasing their carbon footprint in line with their emission control plan. Pantnagar's switch to renewable energy will help cut carbon emissions by 37,936 MT of CO2e, stated company in its media release.

This decision will allow the organisation to leave a good impact in the areas of product stewardship and green product development.

Hindustan Zinc is dedicated to improving its ESG performance, for which they have set strict sustainability targets to reach by 2025 and have taken a holistic strategy to do so.

"We are committed to invest $1 billion in climate change efforts over the next five years, which will strengthen our ESG value offer even more. The business has also signed a long-term renewable electricity supply deal with SPV with a capacity of 200 MW, in which company plans to invest upto Rs350 crore," said Arun Misra CEO, of Hindustan Zinc.

Hindustan Zinc's future strategy is to promote a "Zero Waste and Zero Discharge Culture" based on sustainable operations with total transparency and protection of natural/human resources, said the company.

Hindustan Zinc was trading at Rs289.85 up by 0.09% from its previous closing of Rs289.60 on the BSE. The scrip touched intraday high and low of Rs292.40 and Rs288.75 respectively.

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