The demand for zinc in India is robust with 70% of it coming from galvanizing sector which is witnessing rising penetration of galvanized steel in domestic car models.
We have built a sustainable underground mining business capable of delivering superior business performance. The financial year 2018 marked the completion of operations at Rampura Agucha open cast. We are proud of the seamless and one of the most successful transitions globally from a predominantly open cast operation to a fully underground mining company. Our mining projects are progressing in line with the expectation of reaching 1.2 million tonnes per annum of mined metal capacity in FY2020. Further, we have undertaken Phase I of next phase of expansion which will take mined metal capacity from 1.2 million tonnes to 1.35 million tonnes per annum with additional smelting capacity over next three years. Phase I will be done concurrently with the on-going mining expansion, which is now in its final stages and will take total annual ore production capacity from 17.7 million MT in FY 2020 to 20.4 million MT.