Latest News | Privatising HZL Boosted Zinc Production, Creating New Opportunities: Anil Agarwal

Jaipur, Apr 10 (PTI) Vedanta Group Chairman Anil Agarwal on Thursday said privatising Hindustan Zinc over two decades ago significantly boosted zinc production and new opportunities were created.

According to a release, Hindustan Zinc Ltd, a Vedanta Group company, achieved a historic milestone by becoming the world's largest integrated zinc producer.

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"23 years ago, a new era began. Zinc was in high demand, but India had low production and a huge import duty of 40%. In 2002, the government made a bold move by privatizing @Hindustan_Zinc and gave us a chance," Agarwal said in a post on X.

"Within a year, without a single retrenchment, profits grew by 113%. Today, @Hindustan_Zinc is the world's largest integrated zinc producer. Thanks to the focused efforts of our experts and engineers, silver production in India has grown 15x," he said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)