Sandvik Receives Major Order from Hindustan Zinc for Underground Mining Equipment

Sandvik has been awarded a contract by Hindustan Zinc Limited, an Indian mining company, to provide underground mining equipment valued at around SEK 345 million. The contract was recorded in the second quarter of 2024, with deliveries slated to occur by the end of the same year.

Expanding upon their enduring partnership, Sandvik and Hindustan Zinc have entered into a contract encompassing underground mining equipment. This agreement broadens Hindustan Zinc’s inventory of Sandvik equipment, incorporating additional development drills, production drills, trucks, and loaders. Alongside the equipment procurement, the deal also holds substantial value for aftermarket services.

Mats Eriksson, President of Sandvik Mining and Rock Solutions, expresses satisfaction in broadening the collaboration with Hindustan Zinc and being chosen once more to provide advanced mining equipment. Eriksson highlights Sandvik's commitment to supporting Hindustan Zinc's ambitious production goals while enhancing productivity, safety, and sustainability across their operations.

Sandvik is a leading global engineering group specializing in advanced solutions that boost productivity, profitability, and sustainability across the manufacturing, mining, and infrastructure sectors. At the forefront of digitalization, Sandvik is dedicated to optimizing customers' operations. Its world-class portfolio encompasses equipment, tools, services, and digital solutions for machining, mining, rock excavation, and rock processing. As of 2023, the Group employed approximately 41,000 individuals and generated revenues of approximately SEK 127 billion across roughly 170 countries.

Sandvik spearheads innovation and digitalization efforts to unlock substantial value, enhance operational efficiency, foster safer working environments, and achieve greater outcomes with fewer resources. With diverse teams, a robust culture, and cutting-edge expertise, Sandvik elevates productivity, efficiency, and sustainability in an ever-evolving world. Offering a comprehensive suite of equipment, tools, services, and technical solutions, Sandvik aids the mining and infrastructure sectors in boosting efficiency, reducing expenses, and enhancing safety standards. Application domains encompass rock drilling, rock cutting, crushing and screening, loading and hauling, tunneling, quarrying, and demolition.

Hindustan Zinc holds the distinction of being India’s largest and the world's second-largest integrated zinc producer. Leveraging over five decades of operational expertise, Hindustan Zinc places utmost importance on the safety of its personnel and the preservation of scarce natural resources through technological advancements and innovative practices. Hindustan Zinc is a subsidiary of Vedanta Limited, with the company holding a 64.9% stake, while the Government of India retains a 29.5% ownership interest. Hindustan Zinc's operations encompass lead-zinc mines, hydrometallurgical zinc smelters, lead smelters, pyrometallurgical lead-zinc smelters, as well as sulfuric acid and captive power plants located in northwest India. The total metal production capacity stands at 1.123 million metric tons.