HP gets LBMA's Good Delivery accreditation for silver bars

Hindustan Platinum today said it has received Good Delivery accreditation from the London Bullion Market Association (LBMA) for silver bars produced from its refinery.
Hindustan Platinum (HP) is leading manufacturer and refiner of precious metal products with diverse industrial applications.
The accreditation ensures that HP's silver bars will be widely accepted and traded amongst global bullion banks and trading houses in major international markets, the company said in a release issued here.
LBMA is an international apex body for precious metals.
Besides silver, HP is the only Indian refiner in the London Platinum and Palladium Market's (LPPM) Good Delivery list for platinum and palladium since May 2014.

HP has passed the exhaustive testing procedures, under which its bars were examined and assayed by independent referees, and its own assaying capabilities were tested.

"It's a proud moment for India and us for being part of the LBMA's and LPPM's Good Delivery List. It showcases our capability of producing high quality precious metal bars in India with 'Made in India' stamp, which will be accepted in major international markets," HP Executive Director Gautam Choksi said.
"Having a global customer base in over 50 countries, we will continue to refine and produce high quality precious metal products for our customers globally in a cost efficient manner."

Founded in 1961, HP is a leading refiner of precious metals like platinum, palladium, rhodium and silver with an established customer base in over 50 countries across five continents.
The company manufactures industrial products of gold, silver and platinum group metals (PGMs), which cater to key industries like pharmaceutical, oil and gas, automobiles, glass, electrical switchgear, fertiliser, among others.