Hindustan Zinc Limited said on Tuesday, March 10, it has signed a memorandum of understanding (MoU) with CMR Green Technologies Ltd to establish a manufacturing facility at the Zinc Park in Rajasthan.
The Vedanta Group firm informed that the facility will focus on producing high-quality, low-emission zinc alloys used in sectors such as automotive, infrastructure, die-casting and consumer goods.
According to the exchange filling, the project is expected to support downstream value addition of zinc while promoting sustainable metal processing and will contribute to India’s self-reliance in industrial materials.
The company said that the agreement marks the second major partnership for Zinc Park, following it’s earlier MoU with Tripura Group. The park is being developed jointly by Hindustan Zinc and the Rajasthan State Industrial Development and Investment Corporation (RIICO).
Designed as an integrated hub for zinc manufacturing powered by renewable energy, the park will benefit from its proximity to Hindustan Zinc’s Chanderiya, Dariba and Debari operations, ensuring logistical efficiency and reliable raw material supply, the company stated.
Commenting on the development, Arun Misra, CEO, Hindustan Zinc, said the Zinc Park is a strategic vision to drive industrial growth, local manufacturing, and sustainability through zinc-based applications.
He added, “We are pleased to welcome CMR Green Technologies as a partner in this journey. Their leadership in non-ferrous metal recycling and strong capabilities in alloy production will play a pivotal role in building a future-ready, innovation-driven zinc ecosystem.”
Hindustan Zinc said through this partnership with CMR Green, it is continuing efforts to develop India’s first downstream zinc industrial cluster focused on innovation, sustainability and long-term economic value.
Shares of Hindustan Zinc Ltd closed at ₹590 on the NSE on Tuesday, up ₹15 or 2.61%.
