Collaboration with India’s leading non-ferrous recycling company strengthens the growing industrial ecosystem at Zinc Park
Udaipur: Hindustan Zinc Limited (BSE: 500188 and NSE: HINDZINC), the world’s largest integrated zinc producer and among the top five silver producers globally, has signed a Memorandum of Understanding (MoU) with CMR Green Technologies Ltd., India’s largest non-ferrous metal recycling company and amongst the largest globally. This marks the second major partnership for Zinc Park in Rajasthan, following Hindustan Zinc’s earlier MoU with Tripura Group, and further strengthens the park’s positioning as India’s first integrated ecosystem for zinc-based industrial applications.
Under the MoU, CMR Green Technologies will establish a manufacturing facility at Zinc Park focused on producing high-quality, low-emission zinc alloys. These alloys are critical for industries such as automotive, infrastructure, die-casting, and consumer goods. The project will enable downstream value addition of zinc while promoting sustainable metal processing and supporting India’s self-reliance in industrial materials.
Zinc Park was first announced by the Hon’ble Chief Minister of Rajasthan, Shri Bhajan Lal Sharma, during the Rising Rajasthan Global Investment Summit 2024, with Vedanta Group Chairman Shri Anil Agarwal highlighting it as a transformative initiative for India’s downstream metals ecosystem. Developed jointly by Hindustan Zinc and RIICO (Rajasthan State Industrial Development and Investment Corporation), the park aims to create a fully integrated, renewable energy-powered hub for zinc manufacturing. Its proximity to Hindustan Zinc’s Chanderiya, Dariba, and Debari operations ensures strong logistics and reliable raw material supply.
In accordance with Rajasthan Diwas being celebrated this month, the development of Zinc Park highlights the state’s ongoing commitment to industrial growth and innovation. The park is envisioned to host MSMEs and large-scale enterprises engaged in galvanizing, die-casting, zinc oxide production, and related applications. By providing assured raw material linkage, long-term supply agreements, commercial incentives, and structured performance frameworks, Zinc Park is set to become a catalyst for value creation, employment generation, and advanced manufacturing in the state. This initiative not only strengthens Rajasthan’s industrial ecosystem but also aligns with India’s vision of becoming a global hub for metals-based innovation and sustainability.
Zinc alloys are gaining prominence due to their strength, corrosion resistance, and recyclability. They are widely used in die-casting components for automobiles, electronics, consumer appliances, hardware, and infrastructure applications, making them critical metals for modern industrial supply chains. The facility at Zinc Park will meet growing domestic and international demand while promoting circular economy principles through metal recovery and reuse.
Commenting on the development, Mr. Arun Misra, CEO, Hindustan Zinc, said,
“Zinc Park is a strategic vision to drive industrial growth, local manufacturing, and sustainability through zinc-based applications. 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.”
CMR Green Technologies has longstanding partnerships with leading automotive giants and other key industrial players. Its operations are guided by cutting-edge technologies and a strong sustainability ethos, with recycled metal production achieving up to 95% lower emissions compared to primary metal. The company brings deep expertise in circular metal processing and alloy manufacturing, particularly for the automotive sector, one of the largest consumers of non-ferrous alloys globally.
Through this partnership, Hindustan Zinc continues to accelerate the creation of India’s first-of-its-kind downstream zinc industrial cluster, fostering innovation, sustainability, and long-term economic value. It further reinforces Zinc Park’s role in strengthening domestic value addition, promoting circular economy practices, and contributing significantly to Rajasthan’s industrial development while supporting India’s vision of becoming a global hub for sustainable metals and advanced manufacturing.
