Hindustan Zinc to invest $1 billion to replace diesel vehicles with battery EVs SECTIONS Last Updated: Jul 30, 2021, 02:17 PM IST Share Synopsis Earlier this year, HZL had signed an MoU with Epiroc Rock Drills AB to introduce another fleet of battery electric vehicles (BEV) in their underground mines for production equipment, Misra said adding the partnership with Normet is for support equipment. Reuters (Representational image) HZL said the Normet SmartDrive EV will significantly help it in saving a huge amount in high speed diesel (HSD) and its maintenance. Mining major Hindustan Zinc Ltd will be investing about USD 1 billion (around Rs 7,440 crore) to replace diesel-run vehicles and equipment with battery electric vehicles across its eight mines in the next five years, company CEO Arun Misra said on Friday.