- Hindustan Zinc received licence to explore and mine tungsten in Andhra Pradesh
- The licence marks expansion beyond zinc, lead, and silver into critical minerals
- The company won the tungsten block through a competitive auction by the Centre
Hindustan Zinc Ltd. on Saturday said it has received the licence to explore and mine a tungsten block in Andhra Pradesh by the state government.
This marks an important milestone for the Vedanta Group company as it looks to expand beyond zinc, lead, and silver into critical and high-value minerals essential for advanced manufacturing.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
"Hindustan Zinc has been officially announced as the successful bidder for a tungsten and associated mineral block in Andhra Pradesh, following the receipt of the formal composite licence from the state government," the company said in a statement.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
A composite licence in mining is a single, two-stage concession that grants both the right to explore for minerals and the right to mine them if the exploration is successful.
Earlier this year, the company had been declared the preferred bidder through a competitive auction process conducted by the Centre.
"This milestone marks another step forward in Hindustan Zinc's journey of expanding its mineral footprint and contributing to the nation's self-reliance in critical and strategic minerals," company's CEO Arun Misra said.
Hindustan Zinc is the world's largest integrated zinc producer and is amongst the top five silver producers globally. The company supplies to more than 40 countries and holds a market share of about 77% of the primary zinc market in India.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
