DBT Bureau
Pune, 24 Feb 2026
Hindustan Zinc Limited (HZL) has signed a Memorandum of Understanding (MoU) with Tripura Group to operationalize a manufacturing unit within the company’s flagship Zinc Park at Khankhala, Bhilwara district of Rajasthan. The agreement marks an important milestone in Hindustan Zinc’s plan to build India’s first integrated downstream industrial hub dedicated to zinc-based value chains.
Under the agreement, Hindustan Zinc will provide assured raw material linkage to Tripura Group’s proposed unit at the Zinc Industrial Park, supported by a committed long-term offtake arrangement. The partnership reflects a shared commitment to building a robust downstream zinc ecosystem, with investment and production plans aligned to drive scale, efficiency, and sustainable industrial growth in the region.
The Zinc Park proposal, first announced by the Chief Minister of Rajasthan Bhajan Lal Sharma alongside Vedanta Group Chairman Anil Agarwal at the Rising Rajasthan Global Investment Summit in December 2024, is planned near Hindustan Zinc’s world-class mining and smelting operations at Chanderiya, Dariba, and Debari in Rajasthan. This initiative by Hindustan Zinc, in collaboration with the Rajasthan State Industrial Development and Investment Corporation, is poised to become India’s first integrated hub dedicated to downstream zinc-based industries. The project is designed to attract new investments, foster job creation, and boost local manufacturing, contributing significantly to Rajasthan’s industrial growth. A major stakeholder consultation for Zinc Industrial Park was conducted in late 2024 to invite expressions of interest and align industrial capabilities with ecosystem needs.
Commenting on the announcement, Arun Misra, Chief Executive Officer, Hindustan Zinc, said, “Zinc Park is a strategic initiative that translates our long-term vision for a resilient and competitive metal value chain into concrete action. 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. We are determined to build an ecosystem that supports MSME growth, creates local jobs, and drives technological improvements across the zinc value chain.”
