Hindustan Zinc Limited has informed the Exchange regarding a press release dated March 10, 2026, titled "Hindustan Zinc Limited partners with CMR Green Technologies Ltd. for Zinc Alloy Manufacturing at Zinc Park in Rajasthan".
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Hindustan Zinc has signed a Memorandum of Understanding (MoU) with CMR Green Technologies Ltd., India's largest non-ferrous metal recycling company, to set up a zinc alloy manufacturing facility at Zinc Park in Rajasthan. Under the deal, CMR will produce high-quality, low-emission zinc alloys used in automotive, die-casting, infrastructure, and consumer goods. This is the second major partnership at Zinc Park, following HZL's earlier MoU with Tripura Group. Zinc Park is being jointly developed by HZL and RIICO as India's first integrated ecosystem for zinc-based industrial applications, supported by renewable energy and proximity to HZL's Chanderiya, Dariba, and Debari operations. The collaboration aims to boost downstream value addition, promote circular economy practices, and strengthen India's self-reliance in industrial materials.
Positive for long-term growth — the partnership expands HZL's downstream zinc value chain and could create a new revenue stream from alloy manufacturing. The strategic positioning of Zinc Park may attract further industrial investment, though near-term financial impact is limited since this is an MoU-stage announcement.