• Cost reduction outlook: Production costs dropped below $900 per ton and are expected to face sustained downward pressure as quarterly output ramps to 280–290 KT, renewable energy increases from 14% to 30% in the power mix, and domestic coal availability improves post-monsoon.
• Metal demand drivers: Demand for zinc and silver remains robust despite geopolitical tensions, driven by strong economic expansion and ongoing infrastructure investments across India and Southeast Asia.
• Production guidance: The company reaffirmed its commitment to the FY27 mined metal production guidance of 1,150 KT, representing roughly 3% growth.
• Critical minerals roadmap: State government contracts are finalized and exploration has commenced across allotted blocks, which will continue for the next two years to establish reserve resources prior to mining.
• Capex and expansion: Capital expenditure plans and guidance remain unchanged, with ongoing execution centered on brownfield growth projects, including the construction of a new smelter.