National News

GJEPC Chairman Meets New Customs Commissioner to Strengthen Trade Facilitation

Mr. Kirit Bhansali welcomes Commissioner Santosh Kumar Mishra, discussing industry challenges and reaffirming collaborative efforts for smoother gem and jewellery trade.

Published

2 years ago

April 18, 2025

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The Gem & Jewellery Export Promotion Council (GJEPC) extended a warm welcome to Mr. Santosh Kumar Mishra, the newly appointed Commissioner of Customs at the Precious Cargo Customs Clearance Centre (PCCCC), during a meeting with Mr. Kirit Bhansali, Chairman of GJEPC.

During the meeting, Mr. Bhansali addressed several critical issues currently affecting exporters and importers in the gem and jewellery sector. He emphasized the need for continued support from the Customs department to ensure streamlined and efficient trade processes.

Commissioner Mishra expressed his appreciation for the constructive dialogue and assured the industry’s stakeholders of his department’s unwavering commitment to enhancing the ease of doing business. He stated, “When you flourish, we flourish, and the country flourishes,” underlining the significance of a strong, collaborative relationship between Customs and trade organizations like GJEPC.

The meeting concluded on a positive note, setting the stage for strengthened cooperation and proactive engagement to address industry concerns and enable seamless operations in India’s gem and jewellery trade ecosystem.

Related Topics:2025 gjepc nationalnews PCCCC

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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.

Published

2 hours ago

October 29, 2026

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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.