HP Gets LBMA Good Delivery Accreditation

Mumbai: Hindustan Platinum (HP), India’s leading manufacturer and refiner of precious metal products with wide and diverse industrial applications, has received Good Delivery Accreditation from the London Bullion Market Association(LBMA), an international apex body for precious metals; for silver bars produced from its HP’s Navi Mumbai refinery. The accreditation ensures that HPs silver bars will be widely accepted and traded among global bullion banks and trading houses in major international markets.

Apart from silver, Hindustan Platinum is the only Indian refiner in the London Platinum and Palladium Market’s (LPPM) Good Delivery List for Platinum and Palladium since May 2014.

Hindustan Platinum has satisfied the LBMA & LPPM as to its ownership, history, production capability and financial standing.  It has also passed the exhaustive testing procedures, under which its bars were examined and assayed by independent referees, and its own assaying capabilities were tested.

Speaking on the Good Delivery accreditation, Mr. Gautam Choksi (Executive Director), Hindustan Platinum said “It’s a proud moment for India and Hindustan Platinum 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. Having a global customer base in over 50 countries, we will continue with the government’s mission of “Make in India” and continue to refine and produce high quality precious metal products for our customers globally in a cost-efficient manner”.