NEW DELHI: Mining major Hindustan Zinc Ltd will be investing about $1 billion (around Rs 7,440 crore) to replace diesel-run vehicles and equipment with battery electric vehicles across its eight mines in the next five years, company CEO Arun Misra said on Friday.
The company, which has signed an agreement with Finnish technology firm Normet Group Oy to introduce front line battery-powered service equipment in underground mining, will deploy three of Normet SmartDrive EVs – a ‘Spraymec’, an ‘Agitator’, and a ‘Charmec’ – in their underground mines, in the first phase.
“We have a timeline of next five years of replacing all our current equipment as and when the replacements are due.
