Recently which of the following limited company announced to invest $1 billion in next five years to make its mining operations environment-friendly?

Solution

Hindustan Zinc will invest $1 billion in next five years to make its mining operations environment-friendly. As part of the plan, the company, with the aim of becoming a net-zero entity by 2050, has already initiated the process of converting all its mining equipment into battery-operated electric vehicles (EVs) in a phased manner. HZL is a subsidiary of Vedanta Limited, which owns a 64.9% stake in the company, while the government holds a 29.5% stake. HZL currently holds around 80% share in India’s primary zinc market. Hindustan Zinc Limited is an Indian integrated mining and resources producer of zinc, lead, silver and cadmium. It is a subsidiary of Vedanta Limited. Headquarters: Udaipur CEO: Arun Misra