Hindustan Zinc signs MoU with Group Nirmal to set up zinc wire facility in Rajasthan; share price jumps 2.2%

Shares of Hindustan Zinc closed over 2% higher despite broader market weakness. The shares closed 2.2% higher at ₹643 apiece after the company announced signing an MoU for setting up zinc wire manufacturing facility.

Hindustan Zinc has signed a Memorandum of Understanding (MoU) with Group Nirmal to set up a zinc wire manufacturing facility at the company’s flagship Zinc Industrial Park at Khankhala, Bhilwara district of Rajasthan. The collaboration further strengthens Hindustan Zinc’s long-term vision of building a robust downstream zinc manufacturing ecosystem in India focused on high-value industrial applications.

Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade (SHG) zinc, catering to sectors such as infrastructure, renewable energy, automotive and industrial engineering. Through this collaboration, Hindustan Zinc will enable assured raw material linkage and extend long-term ecosystem support for Group Nirmal’s proposed operations at the Zinc Industrial Park.

Developed in collaboration with RIICO (Rajasthan State Industrial Development and Investment Corporation), the park is a dedicated downstream manufacturing hub designed to integrate raw material availability with value-added zinc production. Strategically located near Hindustan Zinc’s key metal operations, the initiative is expected to strengthen domestic supply chains, attract investments across galvanizing, diecasting, zinc alloys, zinc oxide, battery materials and advanced zinc applications, while supporting industrial growth, employment generation and broader regional economic development in Rajasthan.

Hindustan Zinc is engaged in the mining and smelting of zinc, lead and silver metal in India.