Zinc volumes for Hindustan Zinc were weak in the first quarter but Q2 will see an improvement coming from the Rampura Agucha opencast mine, said Sunil Duggal, CEO and Wholetime Director of the company. In an interview to CNBC-TV18, Duggal said even underground mines is expected to go up from 40 percent to 60 percent. The company reported a 47 percent decline in its net profit to Rs 1,037 crore for the quarter ended June mainly on the back of of higher taxes, cost of production and depreciation. He is of the opinion that silver is a bright spot for the company's performance going ahead and that Hindustan Zinc will focus on increasing recoveries from silver mines as well.
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