Hindustan Zinc Limited and Normet have signed a comprehensive four-year service contract
Udaipur, Rajasthan, India – Dec 17, 2018 – Normet and Hindustan Zinc Ltd have on11.12.2018 signed a comprehensive four-year Cost Per Hour (CPH) service contract covering all Normet equipment in Hindustan Zinc Ltd’s mines in Rajasthan, India.
The value of the contract will approximately 60 MEUR over the 4 years’ time. Operational and service improvements are part of the contract: Normet SmartCare service management system enables efficient service management and development of service operations to next level. Additionally, Normet has built a new Service Center in Jaipur to ensure customer service close to customer. Development of new innovative services and training both Hindustan Zinc and Normet staff is also included.
“Signing this contract shows the strong partnership between Hindustan Zinc and Normet. Together we have transformed our co-operation to next level – with strong business alignment. We are proud to be part of the development of Hindustan Zinc’s underground mining for even better safety, efficiency and productivity.”, says Robin Lindahl CEO and President of Normet Group.
“Normet has shown good performance and commitment to develop together with us world class underground mining operations. The contract will not only improve the performance and utilisation of the Hindustan Zinc operations, but it will also enable driving safety to the next level. Normet and Hindustan Zinc will have a great and exciting future further developing and raising the bar for mining in India,” say Sunil Duggal, CEO Hindustan Zinc.
For more information, please contact:
President and CEO, Normet Group
tel.: +358 50 5959616
Senior Vice President – Services business line, Normet Group
Tel.: +41 79 328 4705
Normet is a fast growing and innovative technology company offering continuous improvement to underground construction and mining processes for increased safety, productivity and profitability.
Our complete technical solutions create value through saving costs and shortening process cycle times and are developed based on the welfare of people and on the care of the environment.
Normet has a broad offering for underground mining and tunnelling: equipment, construction chemicals, rock reinforcement products and services. Normet currently employs over 1200 business professionals and the net sales in 2017 was over 250 million euro. Normet is a Finnish company operating globally with over 50 locations in 30 countries. For more information, visit www.normet.com
Hindustan Zinc (NSE & BSE: HINDZINC) is the one of the largest integrated producers of zinc-lead with a capacity of 1.0 million MT per annum and a leading producer of silver. The Company is headquartered in Udaipur, Rajasthan in India and has zinclead mines at Rampura Agucha, Sindesar Khurd, Rajpura Dariba, Zawar and Kayad; primary smelter operations at Chanderiya, Dariba and Debari, all in the state of Rajasthan; and finished product facilities in the state of Uttarakhand. Hindustan Zinc has a world-class resource base with a mine life of over 25 years. The Company is self-sufficient in power with an installed base of 474 MW coal-based captive power plants. Additionally, it has green power capacity of 324 MW including 274 MW of wind power, 16 MW of solar power and 35 MW of waste heat power. The Company has an operating workforce of nearly 17,600 including contract workforce. Hindustan Zinc is a subsidiary of the BSE and NSE listed Vedanta Limited (formerly known as Sesa Sterlite Limited; ADRs listed on the NYSE), a part of Vedanta Resources plc, a global diversified natural resources company.