Hindustan Zinc’s 0.8 Million GJ Energy Savings & 530 MW Renewable Push

Hindustan Zinc, India’s largest zinc producer and a Vedanta Group company, reported energy savings of over 0.8 million Gigajoules (GJ) in FY24. This achievement is equivalent to powering 70,000 Indian households for a year. The company also expanded its renewable power delivery agreement (PDA) to 530 MW, targeting over 70% renewable energy usage by 2026.

Innovative Energy Efficiency Projects

Hindustan Zinc continues to invest in energy-efficient initiatives, including upgrading turbines in captive power plants, improving cell house efficiency, and transitioning from diesel to cleaner piped natural gas. These efforts have led to significant energy savings and reduced carbon emissions, aligning with its vision for sustainable manufacturing.

Commitment to Sustainability

In FY24, Hindustan Zinc reduced its greenhouse gas emissions intensity by 14% compared to the 2020 baseline while increasing production volumes. The company actively promotes conservation through initiatives like observing “No Vehicle Day,” when employees use eco-friendly modes of transportation and conducting awareness activities such as Earth Hours, energy training, and competitions.

EcoZen: Asia’s First Low-Carbon Zinc

Hindustan Zinc launched EcoZen, Asia’s first low-carbon ‘green’ zinc, which was produced using renewable energy. With a carbon footprint 75% lower than the global average, EcoZen represents a breakthrough in sustainable metals manufacturing.

Recognitions and Sustainability Goals

Hindustan Zinc is the first Indian company in the metals and mining sector to secure Science Based Targets Initiative (SBTi) validation. It has been recognised as the world’s most sustainable company in its sector by the S&P Global Corporate Sustainability Assessment 2023. The company is also a certified water-positive organisation with a strong commitment to achieving Net Zero emissions by 2050 or earlier.

Hindustan Zinc continues to lead in energy transition, offering essential metals for a sustainable future and setting benchmarks in environmental responsibility.

On December 16, 2024, Hindustan Zinc share price opened at ₹500.35 today and reached a high of ₹503.95 as of 9:35 AM, trading at ₹501.30, up ₹0.95 (0.19%).

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.