HZL expects production costs to reduce in FY24
COAL & MINING

HZL expects production costs to reduce in FY24

According to Hindustan Zinc Ltd.'s chief executive officer, Arun Misra, increasing the use of locally supplied coal, utilising digital projects for operational savings, and increasing volume will be the major enablers in lowering the production cost of zinc. According to Misra, "We have been using domestic coal from India as an offset against expensive imported coal." "Even though we were built to consume 30% of domestic coal, we were only getting 4-5% at first. Since it began to rise, it has increased by 17–20% yearly.

According to Hindustan Zinc Ltd.'s chief executive officer, Arun Misra, increasing the use of locally supplied coal, utilising digital projects for operational savings, and increasing volume will be the major enablers in lowering the production cost of zinc. According to Misra, We have been using domestic coal from India as an offset against expensive imported coal. Even though we were built to consume 30% of domestic coal, we were only getting 4-5% at first. Since it began to rise, it has increased by 17–20% yearly.

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Building Material

JSW Steel and POSCO to Invest ?650 Billion in Odisha Steel Plant

India's JSW Steel and South Korea's POSCO have announced plans to jointly invest ?650 billion (~$7.73 billion) in constructing a steel plant in Odisha. The plant, which will have an initial capacity of 5 million tons of steel annually, is part of their strategy to tap into India's rapidly growing steel market, fueled by its fast-paced economic expansion. The cooperation agreement was signed last week, although specific financial details were not disclosed. The initial investment for the project will be ?200 billion, with the plant expected to be operational by next year. Over the following thr..

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Infrastructure Urban

India's EV Charging Market Set to Reach $3.7 Billion by 2030

India’s electric vehicle (EV) charging market is projected to grow to $3.7 billion by 2030, driven by increasing EV adoption and the need for efficient charging solutions. The sector is expected to expand at a compound annual growth rate (CAGR) of 16%, supported by environmental concerns and fluctuating fuel prices. Globally, the EV charging infrastructure market is also experiencing significant growth, with revenues forecast to surge from $25.9 billion in 2023 to $164 billion by 2030, reflecting a CAGR of approximately 12%. "Fast-charging technologies and battery-swapping solutions are esse..

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Resources

IIA Kerala to host SRC 2024 on November 29-30

The Southern Regional Conference (SRC) 2024, hosted by The Indian Institute of Architects (IIA) Kerala Chapter and organised by IIA Kannur Centre, will take place on November 29-30, 2024 at Vythiri Village Resort in Wayanad. This prestigious conference will bring together visionary architects from across the country  and beyond to foster a rich dialogue and exchange of innovative ideas in the field of architecture.The Southern Regional Conference serves as a premier platform for professional development, knowledge sharing, and networking within the architectural community. This year’s t..

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