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The investment, as per Hindustan Zinc, is part of its strategy to double the capacity of zinc, lead and silver.

Hindustan Zinc Limited also won the bid for Balepalyam Tungsten and Associated Mineral Block in AP.

Mishra also noted that the government’s proposal to sell a stake in the company is still under consideration.

The offer closes on August 19, 2024, the day retail investors can submit their applications.

The sale will be conducted through an offer for sale (OFS) mechanism on the stock exchange, in accordance with applicable laws and regulations.

“Silver plays a pivotal role in the global energy transition and our recent record silver production of 746 MT paves the way for Atmanirbhar Bharat.