Hindustan Zinc signs 11 pacts for Rajasthan industrial park
The Vedanta group firm aims to establish a dedicated downstream zinc manufacturing hub in Bhilwara.
Hindustan Zinc Ltd (HZL) signed 11 agreements with industry partners on Thursday to develop an industrial park in Bhilwara, Rajasthan, according to ThePrint.
The company, a Vedanta group firm, intends to create a specialised hub for downstream zinc manufacturing through these pacts.
The partners have indicated their intention to set up engineering, service, and manufacturing operations connected to zinc-based value chains.
HZL stated that it will provide ecosystem support to these operations to build a wider industrial environment in the state.
The agreements involve several 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 company's Chanderiya, Dariba, and Debari operations, the park is expected to draw investment into sectors such as zinc oxide, die-casting, alloys, wire, and galvanising.
Hindustan Zinc said it is continuing discussions with stakeholders and potential investors to expand the park in phases.