Udaipur: Hindustan Zinc Limited (HZL), the world’s largest integrated zinc producer and amongst the top five silver producers globally, 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 Honourable 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 & 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 (RIICO), 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.
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.”
Tripura Group brings decades of domain expertise in beneficiation inputs and process optimisation for metal processing. Its technical capabilities and track record of operational delivery position it as a key anchor investor for Zinc Park. The collaboration is expected to drive operational synergies, improve beneficiation efficiency for downstream processors, and bolster the quality and reliability of inputs available to the industry.
Hindustan Zinc, a Vedanta group company, brings decades of technical depth, operational excellence, and sustainable mining leadership to this initiative. The company is continuing consultations with potential investors and stakeholders to scale up Zinc Park in a phased manner. The company will work closely with RIICO and state authorities to ensure that the industrial park is delivered with strong sustainability credentials, industry-grade infrastructure and a focus on skill development for local communities.
