Hindustan Zinc Limited has entered into a strategic partnership with Tripura Group to set up a manufacturing unit at its proposed Zinc Park in Khankhala, Bhilwara district, Rajasthan. The Memorandum of Understanding was signed on February 23 to advance the development of the company’s flagship zinc-based industrial hub.
According to the company’s exchange filing, the collaboration aims to accelerate the rollout of India’s first integrated downstream industrial park dedicated to zinc value chains. Under the agreement, Hindustan Zinc will provide assured raw material linkage to Tripura Group’s proposed facility, backed by a long-term offtake arrangement.
The partnership is designed to strengthen the downstream zinc ecosystem by aligning investments and production strategies to improve scale and operational efficiency.
“Our partnership with Tripura Group demonstrates how targeted collaboration can unlock downstream value and accelerate Make-in-India manufacturing. The assured supply arrangements, coupled with performance-linked incentives and renewable energy commitments, will provide investors with the confidence to scale,” said Arun Misra, Chief Executive Officer, Hindustan Zinc.
The Zinc Park initiative was first announced at the Rising Rajasthan Global Investment Summit in December 2024. The proposed park will be located near Hindustan Zinc’s existing mining and smelting operations at Chanderiya, Dariba and Debari. The project is being developed in collaboration with the Rajasthan State Industrial Development and Investment Corporation (RIICO).
“We are determined to build an ecosystem that supports MSME growth, creates local jobs, and drives technological improvements across the zinc value chain,” Misra added.
Hindustan Zinc, part of the Vedanta Group, holds around 77 percent share of India’s primary zinc market and exports to over 40 countries.
As of 12.24 pm, shares of the company were trading 0.24 percent higher at ₹590.75. The stock has declined 15.45 percent over the past month.
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