On Monday, February 23, 2026, Hindustan Zinc Limited (HZL)—a Vedanta Group company—signed a strategic Memorandum of Understanding (MoU) with the Tripura Group to operationalize a key manufacturing unit in Rajasthan.
The agreement is a major step toward developing the Zinc Industrial Park at Khankhala, located in the Bhilwara district. This project is set to be India’s first integrated downstream industrial hub dedicated entirely to zinc-based value chains.
Strategic Highlights: Zinc Park & The Partnership
The collaboration is designed to create a “mine-to-market” ecosystem by integrating downstream processing directly with HZL’s primary metal production.
- Raw Material Linkage: HZL will provide an assured supply of zinc and other raw materials to Tripura Group’s upcoming unit.
- Long-term Offtake: The agreement includes a committed long-term offtake arrangement, providing the Tripura Group with market stability and production confidence.
- Tripura Group’s Role: As an anchor investor, Tripura Group brings expertise in beneficiation inputs and process optimization for metal processing.
- Location Advantage: The park is strategically situated near HZL’s world-class mining and smelting hubs at Chanderiya, Dariba, and Debari, minimizing logistical friction.
Project Context: “Rising Rajasthan” Catalyst
The Zinc Park project was first unveiled in December 2024 at the Rising Rajasthan Global Investment Summit by Chief Minister Bhajan Lal Sharma and Vedanta Chairman Anil Agarwal.
- Development Partner: The project is being developed in collaboration with RIICO (Rajasthan State Industrial Development and Investment Corporation).
- MSME Focus: A primary objective of the hub is to foster a manufacturing corridor for Micro, Small, and Medium Enterprises (MSMEs), creating localized job opportunities and driving regional growth.
- Sustainability: CEO Arun Misra confirmed the facility would leverage renewable energy commitments and performance-linked incentives to align with HZL’s global sustainability benchmarks.
Market Snapshot (Feb 24, 2026)
Hindustan Zinc remains the dominant player in India’s primary zinc market with a 77% market share.
- Current Stock Price: Approximately ₹590.75 (Trading slightly up on the news).
- Financial Health: In Q3 FY26, HZL reported a consolidated revenue of ₹10,980 crore and a PAT of ₹3,916 crore.
“This partnership demonstrates how targeted collaboration can unlock downstream value. We are building a competitive metal value chain that supports ‘Make-in-India’ while accelerating technological improvements.” — Arun Misra, CEO, Hindustan Zinc.