Amidst a global rally in silver prices, Hindustan Zinc Limited, India's largest and the world's third-largest silver producer, has achieved the renewal of its Responsible Silver Guidance certification from the prestigious London Bullion Market Association (LBMA) for its Pantnagar Metal Plant. This certification is a hallmark of Hindustan Zinc's commitment to adhering to international quality standards, producing 99.99 per cent pure silver, and ensuring the responsible sourcing of raw materials. With this achievement, Hindustan Zinc joins an exclusive list of 80 global silver refiners recognised on the LBMA's Good Delivery List. 

 In FY24, Hindustan Zinc produced a record 746 metric tonnes of silver, securing its position as the world's third-largest silver producer, as confirmed by the World Silver Survey 2024 conducted by The Silver Institute, USA. The renewed certification ensures that Hindustan Zinc's silver products—including 30 kg bars, 1 kg bars, and silver powder—meet international standards for global trading. As India's sole primary silver producer, Hindustan Zinc is well-positioned to meet rising domestic demand, producing premium-quality silver at world-class facilities such as the Sindesar Khurd Mine in Rajasthan, the second-largest silver-producing mine globally, and the Pantnagar Metal Plant in Uttarakhand. 

 This certification is a testament to Hindustan Zinc's operational excellence and commitment to sustainability throughout the silver value chain. The LBMA's rigorous assessment process, which includes stringent audits and evaluations, highlighted the Pantnagar Metal Plant's performance in responsible sourcing, production procedures, due diligence, sustainability, and innovation. 

 Arun Misra, CEO of Hindustan Zinc, remarked: "We are delighted with the renewal of our LBMA certification for our silver refinery in Pantnagar. Being part of the LBMA's Good Delivery List reaffirms our commitment to producing high-quality silver while adhering to global standards. We remain bullish on silver given the growing industrial and consumer demand. As India's sole silver producer from primary sources, we believe that establishing a separate silver company through a demerger will unlock value for all stakeholders and support long-term growth by focusing on our core strengths."