and oil recovery, leading to substantive
employment generation
With a focus on Resurgent Rajasthan Summit held in Jaipur on 19th -20th November, 2015, Vedanta has signed MoUs to invest over Rs. 20,000 crore for the expansion of zinc-lead mines and its oil business in Rajasthan.
Vedanta's company Hindustan Zinc signed MoU on 5th May, 2015 in Jaipur to invest Rs. 8,357 crore for the development and expansions of new and existing zinc-lead ore mines & smelters in the districts of Udaipur, Rajsamand, Chittorgarh,
Bhilwara and Ajmer and installation of new Fertilizer Plant. Hindustan Zinc has already invested close to Rs. 12,000 crore in its business in Rajasthan.
Hindustan Zinc is looking to expand its current mine production from 9.09 MTPA to 12.80 MTPA and finished metal production from 0.85 MTPA to 1.028 MTPA.
Hindustan Zinc has mines located in Rampura Agucha, Sindesar Khurd, Zawar, Rajpura Dariba and Kayad, all in Rajasthan. The smelters of the company are located in Dariba, Chanderiya and Debari also in Rajasthan. Hindustan Zinc is looking to expand its all underground mines.
The new Fertilizer Plant to be commissioned will manufacture 0.5 MTPA of Di-Ammonium Phosphate in Debari in district Udaipur with an estimated investment of Rs. 1350 crores. The company intends to implement the Project in a period of next 3 years. This further investment would generate additional employment opportunities for more than 7000 people.
From Hindustan Zinc the MoU was signed by Mr. Sunil Duggal - Chief Executive Officer, HZL and from Rajasthan Government, the MoU was signed by Mr. Deepak Upreti – Principle Secretary, Mines & Petroleum Department, Government of Rajasthan. The MoU was signed in the presence of Mr. Narendra Singh Tomar – Union Minister of Steel & Mines, Government of India who was the Chief Guest, Mr. Piyush Goel – Hon'ble Minister of State (I/C) for Power, Coal and Renewal Energy, Government of India, Smt. Vasundhara Raje – Hon'ble Chief Minister of Rajasthan and Mr. Rajkumar Rinwa – Minister for Mines, Forest & Environment Department, Government of Rajasthan.
“Hindustan Zinc has been working closely with the Rajasthan Government, not just towards expanding business operations, but also for social projects. Hindustan Zinc has signed the MoU today with the Rajasthan Government worth Rs. 8,357 crore to be
invested in coming three years. We would be expanding our mines and smelters and also propose to set-up a fertilizer plant in Rajasthan”
Sunil Duggal, Chief Executive Officer, Hindustan Zinc
Vedanta's another company in Rajasthan, Cairn India signed the MoU for investing Rs. 12,500 crore over the next 3 years. Cairn India is the largest investor in Rajasthan, producing crude oil to the order of 175,000 bbls/day and natural gas about 3 lac cubic meter per day for supplying to GNFC, Gujarat from three Petroleum Mining Lease areas.
Cairn India would be developing Mangla-Bhagyam extended oil recovery polymer, Mangla-Aishwariya in-fills, setting up Sulphate Removal Plant, and developing RGD Field which lays the foundation for sustainable gas production.
Cairn India will undertake these Projects in Barmer & Jalore districts of Rajasthan and these projects will generate substantial sustainable direct and indirect employment.
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