New Delhi, February 23: Hindustan Zinc Ltd on Monday signed a memorandum of understanding with Tripura Group to establish a new manufacturing unit at its flagship Zinc Industrial Park in Rajasthan.
The agreement marks a significant step in the company’s plan to build India’s first integrated downstream industrial hub centered on zinc-based value chains. The proposed unit will operate within the Zinc Industrial Park, reinforcing the company’s strategy to expand its downstream ecosystem and strengthen domestic manufacturing capabilities.
Assured Raw Material Supply and Long-Term Off-Take Commitment
Under the terms of the MoU, Hindustan Zinc will provide assured raw material linkage to Tripura Group’s upcoming facility. The arrangement includes a committed long-term off-take agreement, ensuring operational stability and supply continuity for the proposed unit.The structured supply framework is designed to support manufacturing scalability while reducing procurement uncertainties. The company stated that such supply assurances are expected to encourage industrial participation within the zinc value chain.
Building India’s First Integrated Zinc Downstream Hub
The partnership forms part of Hindustan Zinc’s broader vision to develop an integrated industrial ecosystem at the Zinc Industrial Park. The hub is aimed at enabling value addition within the zinc sector by fostering collaboration across manufacturers, suppliers, and MSMEs.Hindustan Zinc Chief Executive Officer Arun Misra said the collaboration demonstrates how focused partnerships can unlock downstream value and accelerate Make in India manufacturing. He added that assured supply arrangements, along with performance-linked incentives and renewable energy commitments, are structured to provide investors with confidence to scale operations.
Focus on MSME Growth and Local Employment
The company emphasized that the initiative is aligned with its objective of promoting MSME participation, generating local employment, and enhancing technological capabilities across the zinc value chain.By anchoring long-term supply commitments and enabling industrial infrastructure within the Zinc Industrial Park, Hindustan Zinc aims to create a robust manufacturing ecosystem that strengthens India’s zinc-based industrial capacity.
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