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Hindustan Zinc gets down to check rising coal costs, meet ESG commitment

Company could relook at FY22 guidance if it is unable to check costs, says CEO.

Arun Misra, Hindustan Zinc
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Arun Mishra, chief executive officer at Hindustan Zinc

Aditi Divekar Mumbai
Hindustan Zinc plans to reduce coal consumption to check input costs and protect margins, aiming to meet its environmental, social, and (corporate) governance (ESG) goal.

“We have advanced modification of the three steam turbines earlier scheduled in the second half of this fiscal. Due to this, we will be able to reduce our coal consumption in August onwards. We aim to lower coal usage by 7-8 per cent,” Arun Mishra, chief executive officer at Hindustan Zinc, told Business Standard.

The company’s annual coal consumption stands at 2 million tonne. “We had factored in high input cost when we worked out