Hindustan Zinc (HZL) signed a Memorandum of Understanding (MoU) with Tripura Group to operationalize a manufacturing unit within its flagship Zinc Park at Khankhala, Bhilwara, Rajasthan. This initiative aims to build India’s first integrated downstream zinc industrial hub. The agreement secures raw material linkage and long-term offtake for Tripura Group, supporting local manufacturing, job creation, and HZL’s vision for a resilient value chain.
HZL Partners with Tripura Group for Downstream Ecosystem
Hindustan Zinc Limited (HZL), the world’s largest integrated zinc producer, announced on February 23, 2026, that it has signed a Memorandum of Understanding (MoU) with Tripura Group. The purpose of this collaboration is to operationalize a manufacturing unit within HZL’s flagship Zinc Park located at Khankhala, in the Bhilwara district of Rajasthan.
This agreement marks a critical step in HZL’s plan to establish India’s first integrated downstream industrial hub dedicated entirely to zinc-based value chains. The partnership emphasizes building a robust downstream zinc ecosystem, aligning investment and production plans to drive scale and efficiency.
Key Commitments and Location
Under the terms of the MoU, Hindustan Zinc commits to providing assured raw material linkage to Tripura Group’s proposed unit, supported by a committed long-term offtake arrangement.
The Zinc Park itself was initially announced in December 2024 at the Rising Rajasthan Global Investment Summit. It is strategically planned near HZL’s existing mining and smelting operations at Chanderiya, Dariba, and Debari. The project is being executed in collaboration with the Rajasthan State Industrial Development and Investment Corporation (RIICO).
Strategic Vision and Impact
Commenting on the announcement, Mr. Arun Misra, Chief Executive Officer of Hindustan Zinc, stated that the Zinc Park is a strategic initiative translating their long-term vision for a competitive metal value chain into action. He highlighted that the collaboration will accelerate Make-in-India manufacturing.
Mr. Misra further noted that assured supply, coupled with performance-linked incentives and renewable energy commitments, will provide confidence to investors. The project is specifically designed to support MSME growth, create local jobs, and drive technological improvements across the entire zinc value chain.
Tripura Group, bringing expertise in beneficiation inputs and process optimization, is positioned as a key anchor investor. Their collaboration is expected to boost operational synergies and improve the quality and reliability of inputs for downstream processors.
About Hindustan Zinc
Hindustan Zinc Limited holds approximately 77% of the primary zinc market share in India and is ranked among the top five global silver producers. The company is recognized for its sustainability leadership, achieving recognition from the S&P Global Corporate Sustainability Assessment in 2025. HZL has also launched EcoZen, Asia’s first low-carbon ‘green’ zinc brand, boasting a carbon footprint significantly lower than the global average.
Source: BSE
