Hindustan Zinc to expand into uranium mining if government allows, CEO says
Government sources told Reuters last week that India wants to allow private firms to mine, import and process uranium as part of plans to end a decades-old state monopoly over the nuclear sector and bring in billions of dollars in investment.
"If new uranium blocks are put out for private companies, Hindustan Zinc will be the first to bid," Misra said in an interview.
"We will get into atomic minerals and especially uranium because the country needs it."
Prime Minister Narendra Modi's government plans to expand nuclear power production capacity 12-fold by 2047. The state has historically maintained tight control over the sector due to concerns about safety, strategic security and the potential misuse of nuclear materials.
Hindustan Zinc is, meanwhile, also looking to begin mining rare earth minerals in India, having won its first such block in the northern state of Uttar Pradesh earlier this year.
It has floated global tenders for companies to explore the potential of the block, where it expects to start extracting neodymium - a rare earth used in magnets for motors and generators - in five to six years, Misra said.
Among other critical minerals, Hindustan Zinc is interested in mining lithium, antimony, germanium, copper, and graphite and is seeking the assistance of firms from Australia, South Africa, Peru, Chile, as well as China for exploration, he said.
China, which controls the bulk of global rare earth mining, suspended exports of a wide range of rare earths and related magnets in April, upending critical supply chains for automakers, aerospace manufacturers, and semiconductor companies.
Beijing has promised to address New Delhi's rare earth needs, however, a top Indian official and a source said on Tuesday, as the neighbours rebuild ties damaged by a 2020 border clash.
Misra said Hindustan Zinc will, meanwhile, ramp up its traditional zinc business, doubling its production capacity to 2 million metric tons by 2029.
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Unlocking the Future: Hexaware Shares Strategic Guide to Legacy Modernization Through Generative AI
NAVI MUMBAI, India, August 21, 2025 (EZ Newswire) -- Hexaware Technologies, opens new tab (NSE:HEXT), a global technology and business process services company, today shared insights on how legacy systems can be transformed with generative AI. Retained for operational continuity, legacy systems frequently inhibit modernization initiatives due to outdated architectures and limited interoperability; however, their outdated architecture often becomes a barrier to the digital transformation process. Developed on outdated technology stacks, these applications often incur excessive maintenance costs, suffer from limited scalability and face significant challenges integrating with modern cloud-native environments. As a result, integration issues arise, which slow down automation, increase delivery timelines and reduce overall system agility. Furthermore, the inherent strong interdependencies and lack of service decomposition in monolithic architectures impede the migration toward modular, microservices-based frameworks, resulting in increased complexity and higher resource requirements for modernization initiatives. This rigidity leads to slow business response and reduces operational efficiency and customer experience over time. In regulated industries, the compliance risk is further amplified the lack of transparency and auditability in a legacy environment. Given these constraints, the transformation of legacy systems has become a strategic imperative rather than a technical upgrade. The following sections explore how generative AI facilitates intelligent, accelerated modernization—and how specialized platforms are now enabling enterprises to implement this shift at scale. 1. Generative AI: A New Paradigm in Modernization As legacy systems reach the limits of conventional modernization methods, generative AI offers a transformative solution—a new way to understand and change complex application landscapes for today and tomorrow. For a deeper dive into how generative AI is reshaping modernization at its core, continue reading below. 2. Intelligent Automation Across the Modernization Lifecycle Modernization projects increasingly require speed, precision and reduced human intervention—requirements which generative AI is specifically designed to address. Outlined below are ways in which automation facilitated by AI facilitates crucial steps in the modernization process, rendering both strategic advantage and operational value. 3. Platform-Led Acceleration: The Case for Integrated Modernization Engines , opens new tabEnterprises facing complex legacy environments are increasingly turning to platform-led strategies to drive efficient, scalable modernization. Read further to explore how platform-led strategies are transforming enterprise modernization. 4. Benefits Beyond the Obvious: Strategic Payoffs Modernization efforts today are not just technical upgrades—they're catalysts for broader business transformation. Keep reading to see how generative AI delivers value well beyond initial expectations. 5. Critical Considerations Before You Deploy Before deploying generative AI-driven modernization solutions, it is crucial to address key factors that ensure compliance, accuracy and effective collaboration between human expertise and AI capabilities. Conclusion Generative AI marks a pivotal shift in addressing the longstanding challenges of legacy systems by enabling intelligent, end-to-end modernization. Through advanced capabilities such as code transformation, automated documentation and data migration, it drives efficiency and precision across the entire lifecycle. When integrated into platform-led delivery models, generative AI ensures consistency, scalability and speed—turning isolated modernization efforts into cohesive, enterprise-wide initiatives. Reusable AI components and CI/CD integration further compress timelines, optimize resource deployment and reduce transformation risks. This strategic alignment transforms legacy environments into future-ready architectures, positioning enterprises to lead with agility, innovation and sustained digital resilience. About Hexaware Technologies Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at opens new tab. Safe Harbor Statement Certain statements in this press release concerning our future growth prospects are forward-looking, which involve numerous risks and uncertainties that could cause actual results to differ materially from those in such statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases globally, our ability to attract and retain highly-skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Hexaware has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Media Contact Hexaware Technologies marketing@ ### SOURCE: Hexaware Technologies Copyright 2025 EZ Newswire See release on EZ Newswire
