MOU with Hindustan Zinc to setup World’s Largest silver production

Gandhinagar, 14th October, 2020

Gujarat government,  signed an MOU with Hindustan Zinc Limited of Vedanta Group to establish a Rs 10,000-crore Zinc Smelter plant at Doswada in Tapi. It is Vedanta Group’s first investment in the state. This new Zinc smelter project with a generation capacity of 300 KTPA will accelerate the economic and industrial development of the state.

A Memorandum of Understanding was signed between the Government of Gujarat and Vedanta Group’s Hindustan Zinc Limited in Gandhinagar for setting up the world’s largest zinc smelter complex at Doswara in Tapi district, a tribal area of ​​South Gujarat. If Hindustan Zinc produces around 500 tonnes, it will be among the top 10 silver producing companies in the world. The company produced 150 to 200 tonnes of silver annually in 2012. It is now. The company is expanding its zinc and lead mines on a large scale. Silver is obtained as a by-product during the processing of zinc and lead. As the company’s zinc and lead production increases, so will silver production.

Vedanta Group’s subsidiary – Hindustan Zinc Limited will set up the world’s largest zinc smelting complex at Tapi in Gujarat. The facility will focus on catering to the large export markets primarily of Asia & the Middle East and also on the rising domestic demand.

Benefit of Gujarat’s new Industrial Policy, the company will also establish state-of-the-art Research & Development Center, to help conserve natural resources through technology & innovation. It will generate direct employment for over 5,000 people. The project with its scope for setting up ancillary facilities in and around the region will help the livelihood of around 25,000 people.
The first phase of the project is expected to be commissioned within 36 months from the date of signing of MoU. the process for signing the MOU has been completed within a short span of 2 months. the group’s willingness to invest and come up with more projects in Gujarat in future.
In July 2019, JK Papers had inked an MoU with the Gujarat Government to expand its Songadh paper mill in Tapi District with investment of INR 1,500 crore and was expected to commence its operations from January 2021.
However, as on date the company is six months ahead of the envisaged operations date. Majority of the civil work has completed, and the electro-mechanical installation has also reached an advanced stage with the project expected to be ready for inauguration within next three months. The expansion will provide employment to approximately 1,000 more people of the local community and also help benefit close to 10,000 new farmers in this region.
These two projects in the district will open new doors of socio-economic development and create a wave of mass employment for the tribal population of the district.
It is important to note that Hindustan Zinc is India’s largest and world’s second largest zinc-lead miner with an experience spanning over five deacdes.