National News
GJEPC and PCCCC Meet to Address Customs Clearance Challenges
On 5th February 2025, the Gem and Jewellery Export Promotion Council (GJEPC) hosted a significant meeting at its head office in Mumbai, bringing together Customs House Agents (CHAs) from the Precious Cargo Customs Clearance Centre (PCCCC) and various other stakeholders.
The primary focus of the meeting was to address the ongoing challenges faced in the export and import clearance process, particularly the daily operational hurdles encountered during parcel clearance with customs officials.
The meeting provided a platform for participants to engage in open dialogue and share the various difficulties they face while managing customs procedures. These included issues related to the timeliness of clearance, paperwork discrepancies, communication gaps, and other operational bottlenecks that often delay the smooth transit of goods. The participants discussed these challenges in detail, aiming to identify practical solutions to streamline the entire process.
In response to the discussions, GJEPC has requested all involved stakeholders to compile and submit a comprehensive report outlining the specific challenges faced in customs clearance, as well as providing suggestions for potential system improvements. These reports are expected to play a crucial role in identifying areas that require attention and in formulating effective solutions that will enhance the overall efficiency of the customs operations.
GJEPC aims to use these insights to work closely with the relevant authorities and stakeholders to improve the integration process, ensuring a more seamless experience for businesses involved in the import and export of precious cargo. The initiative is expected to contribute significantly to reducing delays, improving transparency, and boosting the overall efficiency of the jewellery trade’s customs clearance procedures.
National News
Volume Growth Surges Hindustan Zinc’s Q2 Silver Revenue By 7%
​Silver Continues To Act As A Primary Growth Anchor For Hindustan Zinc, Contributing Approximately 45% Of Total Company Profitability Over The First Half Of FY27.
Hindustan Zinc Limited (HZL) today announced its operational and financial results for the second quarter of FY27, demonstrating strong resilience as operational volume gains fully offset global commodity price headwinds. Driven by a major surge in silver output, the company reported a record consolidated net profit of Rs 6,412 crore for Q2.
Despite average LBMA silver prices falling 14% quarter-on-quarter to $62.6 per ounce (down from $73.2 in Q1), Hindustan Zinc’s silver revenue expanded 7% sequentially to Rs 4,111 crore, up from Rs 3,839 crore in the preceding quarter.
​Key Performance Highlights for Q2 FY27:
Silver Revenue Growth: Increased 7% sequentially to Rs 4,111 crore, accounting for 27% of total revenue and 43% (Rs 3,609 crore) of total segment profits.
Volume Expansion: Silver sales volume jumped 16% quarter-on-quarter (and 17% YoY) to 173 tonnes, powered by a 20% YoY increase in silver production.
Record Financials: Consolidated revenue from operations surged 77% YoY to Rs 15,093 crore. EBITDA reached an all-time high of Rs 9,285 crore (up 108% YoY), expanding operating margins to 62%.
Operational Capabilities: Record mined metal production of 271 kilo tonnes (up 5% YoY) alongside refined lead output reaching 51 kilo tonnes (up 9% QoQ), directly boosting silver recovery from smelting debottlenecking.
Overall Profitability: Net profit rose 142% YoY and 17.2% sequentially to a record ₹6,412 crore.
Silver continues to act as a primary growth anchor for Hindustan Zinc, contributing approximately 45% of total company profitability over the first half of FY27. The company’s integrated metal production and increased smelter capacity successfully shielded overall performance from short-term commodity price dips, sustaining strong shareholder value.
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