Hindustan Zinc Limited has informed the Exchange regarding 'Hindustan Zinc Signs Strategic MoU with Tripura Group to FasttrackZinc Park Development in Rajasthan'.
HINDZINC · price
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Hindustan Zinc has signed a Memorandum of Understanding with Tripura Group to set up a manufacturing unit at its flagship Zinc Park in Khankhala, Bhilwara district, Rajasthan. Under the deal, HZL will provide assured raw material supply and a long-term offtake commitment to Tripura Group's proposed unit. The Zinc Park, first announced by the Rajasthan Chief Minister at the Rising Rajasthan Summit in December 2024, is positioned as India's first integrated downstream zinc industrial hub, developed in partnership with RIICO. HZL is the world's largest integrated zinc producer with about 77% share of India's primary zinc market, and the project aims to attract investment, create jobs, and boost local manufacturing. Tripura Group brings expertise in beneficiation inputs and process optimisation for metal processing, making it an anchor investor for the park.
Positive for shareholders — the partnership validates HZL's downstream diversification strategy and strengthens its position in the zinc value chain, though the financial impact will be gradual as the industrial park scales up over time.