Hindustan Zinc to invest Rs 82.7 billion on battery-powered mining vehicles

Hindustan Zinc Limited plans to invest around Rs 82.7 billion to transform its diesel-powered mining vehicles into battery-powered vehicles. The company is already conducting testing on four of its 900 mining vehicles on battery power. 

Recently in September 2022, Hindustan Zinc acquired a 26 per cent stake in Serentica Renewables India, a special purpose vehicle (SPV) for Rs 3.5 billion. In addition, the company signed a long-term renewable power delivery agreement with a capacity of 200 MW.

In the same month, Hindustan Zinc’s Pantnagar Metal Plant became Vedanta Limited’s first unit utilising 100 percent green power in its operations. The PMP unit signed a Memorandum of Understanding with Uttarakhand Power Corporation Limited to provide renewable energy through hydropower.