News

Hindustan Zinc partners with Tripura Group for manufacturing unit at Zinc Park in RajasthanHindustan Zinc Limited signed an MoU with Tripura Group to set up a manufacturing unit at Zinc Park in Khankhala, Bhilwara, aiming to boost India's zinc-based industrial ecosystem.By Gareema Bangad  February 23, 2026, 1:02:44 PM IST (Published)2 Min ReadHindustan Zinc Limited on Monday, February 23, said it has signed a strategic Memorandum of Understanding (MoU) with Tripura Group to operationalise a manufacturing unit at its proposed Zinc Park in Rajasthan.

The company, in a press release filed with the exchanges, said the agreement is aimed at accelerating the development of its flagship Zinc Industrial Park at Khankhala in Bhilwara district. The project is positioned as India’s first integrated downstream industrial hub dedicated to zinc-based value chains.

As per the MoU, Hindustan Zinc will provide assured raw material linkage to Tripura Group’s proposed unit at the park, supported by a long-term offtake arrangement.

: Vikram Solar shares worth over ₹2,000 crore free up for trade as lock-in ends; stock below IPO price

The collaboration is intended to strengthen the downstream zinc ecosystem by aligning investment and production plans 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," Arun Misra, Chief Executive Officer, Hindustan Zinc, said.

Also read: AU Small Finance Bank shares slump 8% on strong volumes after Haryana govt action

The Zinc Park proposal was first announced at the Rising Rajasthan Global Investment Summit in December 2024. The park is planned near Hindustan Zinc’s existing mining and smelting operations at Chanderiya, Dariba and Debari in Rajasthan. The company is developing the project 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 said.

Hindustan Zinc, a Vedanta Group company, holds around 77% market share in India’s primary zinc market and supplies to over 40 countries globally.

Shares of the company were trading 0.24% up at ₹590.75 as of 12.24 pm. The stock has lost 15.45% in the past month.

Also Read: Buzzing Stock: Engineering Co gains over 25% in two sessions, turnover exceeds free float market capContinue ReadingTagsHindustan Zinc Ltd HZLshare market todayVedanta Group