Hindustan Zinc Limited has entered into a strategic partnership with Tripura Group to support the development of its proposed Zinc Industrial Park in Rajasthan.
The agreement represents a step towards building an integrated downstream ecosystem focused on zinc-based manufacturing.
The initiative aligns with broader efforts to strengthen domestic metal value chains, attract industrial investment, and encourage regional economic activity.
Hindustan Zinc Limited has signed a Memorandum of Understanding (MoU) with Tripura Group to establish a manufacturing facility within the upcoming Zinc Industrial Park located at Khankhala in Rajasthan’s Bhilwara district.
The collaboration is intended to accelerate operationalisation of the project while supporting the creation of an organised downstream zinc manufacturing ecosystem in India.
Under the agreement, Hindustan Zinc will provide long-term raw material supply arrangements to Tripura Group’s proposed unit.
This assured linkage is expected to provide operational stability and enable consistent production planning within the industrial park.
The Zinc Park initiative is designed as an integrated industrial hub dedicated to zinc-based value chains. The project aims to encourage downstream industries that utilise zinc and related materials across manufacturing applications.
The park was initially announced during the Rising Rajasthan Global Investment Summit in December 2024, with support from the Rajasthan government.
Its proximity to Hindustan Zinc’s existing mining and smelting operations at Chanderiya, Dariba, and Debari is expected to improve logistical efficiency and reduce supply chain complexities for participating industries.
Collaboration with the Rajasthan State Industrial Development and Investment Corporation (RIICO) forms a key component of the project’s development framework, helping align infrastructure planning with industrial requirements.
The Zinc Industrial Park is expected to attract investment from manufacturers and processing companies seeking reliable raw material access and integrated infrastructure.
The initiative also aims to promote employment generation and strengthen local manufacturing capabilities within the region.
Stakeholder consultations conducted earlier invited industry participation and helped identify potential investors aligned with the park’s long-term industrial objectives.
The phased development model is intended to allow gradual expansion as demand and participation increase.
Tripura Group brings technical experience in beneficiation inputs and process optimisation within metal processing industries. Its involvement is expected to enhance operational efficiency for downstream processors and support improvements in input quality and reliability.
As an early participant in the Zinc Park, the company is positioned to play an anchor role, potentially encouraging additional industrial participants to establish operations within the ecosystem.
Hindustan Zinc plans to develop the industrial park with an emphasis on sustainable infrastructure, renewable energy integration, and skill development initiatives for local communities.
The company intends to work closely with state authorities to ensure the project aligns with environmental and industrial standards.
The broader objective is to support domestic manufacturing growth while strengthening India’s position in metal value chains linked to energy transition and infrastructure development.
Shares of Hindustan Zinc Limited were trading at ₹589.05 as of 11:52 AM on 23 February 2026, reflecting a gain of ₹2.00, or 0.34%, compared with the previous close of ₹589.35.
The partnership between Hindustan Zinc and Tripura Group represents a structured step towards establishing a dedicated downstream zinc manufacturing ecosystem in Rajasthan.
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Published on: Feb 23, 2026, 3:38 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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