November 21, 2008

Binani Zinc plans to double capacity

BL reported that Binani Zinc is planning to invest INR 500 crore to double capacity from 38,000 tonnes per annum.

Mr Vinod Juneja deputy MD of Binani Zinc said that “We have zeroed in on 3 mines in Rajasthan, while the new plant will be set up between Jodhpur and Udaipur.”

He added that apart from expansions, we are planning a technology upgrade to bring down operational cost and improve profit margins. Mr Juneja said that “The future initiatives are aimed at diversifying the product portfolio by including value added products and backward integration into mining. This will make us as a quality, cost effective producer of zinc and its value adds.”

Presently, Binani Zinc has a production facility at Binanipuram in Kerala. The plant also has the capacity to treat concentrates of varying compositions.