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HINDZINC · price
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Hindustan Zinc Limited has signed an MoU with Group Nirmal to establish a zinc wire manufacturing facility at the company's Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. Group Nirmal will manufacture zinc wire products using Hindustan Zinc's Special High Grade (SHG) zinc, serving sectors such as infrastructure, renewable energy, automotive and industrial engineering. The zinc wire will be used for thermal spray coating and metallizing processes to provide anti-corrosion protection to steel structures like bridges, transmission towers, railways, ports and pipelines. The park is being developed in partnership with RIICO and aligns with the Zinc Park proposal announced at the Rising Rajasthan Global Investment Summit in December 2024. Hindustan Zinc will provide assured raw material linkage and long-term ecosystem support to Group Nirmal's operations.
This partnership reinforces Hindustan Zinc's downstream expansion strategy and builds a downstream zinc manufacturing ecosystem in India. While it strengthens the company's integrated model, it is an early-stage MoU and does not have immediate material financial impact on the stock.