Hindustan Zinc signs 11 pacts to develop Rajasthan industrial park
The Vedanta group firm intends to create a downstream zinc manufacturing hub in Bhilwara through these agreements with industry partners.
Hindustan Zinc Ltd (HZL) signed 11 agreements with various industry partners on Thursday to develop an industrial park in Bhilwara, Rajasthan, according to ThePrint.
The company aims to establish a dedicated hub for downstream zinc manufacturing. Under these pacts, partners have expressed intent to set up engineering, service, and manufacturing operations related to zinc-based value chains.
The agreements involve companies including J.G. Chemicals Limited, Epiroc Mining India Private Limited, Gainwell Commosales Private Limited, Sai Deepa Rock Drills Pvt Ltd, Shree Nakoda Infrasteel Pvt Ltd, and Suryakiran Earthmovers Pvt. Ltd.
Located near the HZL operations at Debari, Dariba, and Chanderiya, the park is expected to attract investments in sectors such as zinc oxide, alloys, die-casting, galvanising, wire, and other advanced zinc uses.
HZL stated that the park is intended to support regional economic development, employment, and industrial growth in Rajasthan. The firm will provide ecosystem support to the proposed operations.
Hindustan Zinc said it is continuing consultations with stakeholders and potential investors to scale up the park in a phased manner.