Hindustan Zinc is the world’s second-largest zinc producer and the greatest zinc producer in India. Hindustan Zinc is 64.92% owned by Vedanta.
Leveraging the strategic location of the asset and the substantial demand-supply gap in India’s steel market, the company is striving to achieve a valuation of $1.2 billion per million tonnes for its 3.5 million-ton steel facility. In relation to the zinc industry.
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The shares of Hindustan Zinc Ltd., which is owned by Vedanta Ltd., which is controlled by Anil Agarwal, experienced a significant increase following the signing of an MoU with AEsir Technologies to advance the battery storage industry.
AEsir Technologies is a corporation headquartered in the United States that specializes in the development of next-generation zinc battery technologies. AEsir’s next-generation batteries will rely on zinc as a critical base material.
The MoU is consistent with Hindustan Zinc’s endeavors to investigate the potential applications of zinc in the renewable energy transition.
The corrosion resistance, cost-effectiveness, recyclability, stability, and environmental friendliness of zinc batteries are increasing their popularity.
Arun Misra, Hindustan Zinc CEO, said: “By providing high-quality zinc for cutting-edge energy storage, we are opening sophisticated new avenues for environmentally friendly solutions for a greener tomorrow,”
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