The increase in mined metal production was mainly driven by mix of improved mined metal grades and higher ore production at Rampura Agucha & Sindesar Khurd Mine.

The zinc miner said that the refined metal production was at 259,000 tonnes, sequentially up by 7% resulting from better plant availability and up 1% YoY.

Refined lead production came in at 56,000 tonnes, rising 21% YoY on account of pyro operations on lead mode to maximise silver production as mentioned above and down 1% QoQ.

Saleable silver production was 6.3 million ounces (moz), up 22% YoY in line with lead metal production. It is up 9% QoQ in line with lead metal production and higher WIP accumulation in base period.

Wind power generation for Q3 FY24 was 55 million units, up 11% YoY & down 65% QoQ, depending upon wind velocity & seasonality impact.

For 9M FY24, the mined metal production was at 780,000 tonnes, up 2% YoY, driven by improved mined metal grades.

In line with management’s operational & financial strategy, pyro plant was operated on lead mode for longer duration compared to base period to maximise silver production. Accordingly, refined lead production and saleable silver production was at 163,000 tonnes and 17.9 moz, up 4% and 5% YoY respectively.

Hindustan Zinc, a Vedanta Group company, is an integrated producer of zinc, lead and silver. As of September 2023, Vedanta held 64.92% stake in the company.

The company's net profit declined 35.49% to Rs 1,729 crore in Q2 FY24 as compared with Rs 2,680 crore in Q2 FY23. Revenue from operations during the quarter was Rs 6,791 crore, down 18.5% year on year.