Hindustan Zinc Limited (HZL), a Vedanta group firm, signed an agreement with Tripura Group on 23 February 2026 to operationalise a manufacturing unit at the Zinc Industrial Park in Rajasthan. The pact formalised obligations under a memorandum of understanding that will link the proposed unit to assured raw material supplies from HZL. The development advances HZL's project to establish the country's first integrated downstream industrial hub focused on zinc based value chains.

Under the memorandum of understanding, Hindustan Zinc Limited will provide assured raw material linkage and a committed long term offtake arrangement to support Tripura Group's proposed unit at the park. The arrangement includes performance linked incentives and renewable energy commitments intended to enhance the commercial viability of downstream manufacturing. Company stakeholders expect these features to strengthen investor confidence and encourage scaling of operations within the park.

Hindustan Zinc's chief executive officer, Arun Misra, said that the partnership demonstrated how targeted collaboration could unlock downstream value and accelerate Make-in-India manufacturing, and he indicated that the assured supply arrangements, combined with incentives and renewable energy commitments, would provide investors with confidence to expand. He emphasised the firm's determination to build an ecosystem that supports micro, small and medium enterprise growth and creates local employment. The executive noted that technological improvements across the zinc value chain were a further objective of the hub.

The memorandum of understanding is designed to attract additional downstream units by signalling long term supply stability and policy aligned incentives. Observers said the project could catalyse regional industrial activity and support broader objectives for domestic value addition in critical metal supply chains. Implementation timelines and capacity details will be developed as the partners finalise operational plans.