Hindustan Zinc signs MoU with Sulfozyme Agro to advance sustainable metal recovery; stock falls

Vedanta Group firm Hindustan Zinc on Wednesday, June 10, signed a memorandum of understanding (MoU) with Sulfozyme Agro India to advance sustainable metal recovery.

The partnership was signed under Hindustan Zinc’s flagship Zinc Industrial Park initiative, set up at the Bhilwara district in Rajasthan, according to a regulatory filing.

Under the collaboration, Sulfozyme Agro will establish its proposed operations at the Zinc Industrial Park, focused on processing zinc-based materials into value-added products for industrial and downstream applications.

Hindustan Zinc will support the venture through assured raw material linkage and long-term ecosystem support, enabling efficient operations, integrated supply chains, and scalable manufacturing within the Park’s industrial network.

“The partnership, as per the company, also aligns with its broader vision of strengthening the MSME ecosystem by creating opportunities for downstream industries, local entrepreneurship, and industrial growth in the state of Rajasthan.

Commenting on the development, Arun Misra, CEO, Hindustan Zinc, said: “At Hindustan Zinc, we are focused on building a future-ready industrial platform driven by innovation, sustainability, and resource efficiency. Our partnership with Sulfozyme Agro reflects our commitment to strengthening the circular economy while enabling downstream value creation.”

Zinc Industrial Park is envisioned as a collaborative platform where businesses can leverage Hindustan Zinc’s metal expertise, reliable supply chain, and manufacturing strengths, Misra stated, adding that through such partnerships, the company aims to accelerate industrial growth, support MSME development, and “position Rajasthan as a leading destination for zinc-based industries and advanced manufacturing”.

“This MoU with Sulfozyme Agro further strengthens Hindustan Zinc’s focus on responsible manufacturing and downstream industrial expansion,” the Udaipur-headquartered firm said.

About Zinc Industries Park initiative

The Zinc Park proposal was first announced by the Chief Minister of Rajasthan, Bhajan Lal Sharma, alongside Vedanta Group Chairman, Anil Agarwal, at the Rising Rajasthan Global Investment Summit in December 2024

Zinc Industrial Park was developed in collaboration with RIICO (Rajasthan State Industrial Development and Investment Corporation), and is a dedicated downstream manufacturing hub designed to integrate raw material availability with value-added zinc production.

By offering ready-to-use infrastructure, proximity to raw material supply, and an industry-focused operating environment, the park aims to attract zinc customers, processors, MSMEs, and downstream manufacturers seeking scalable and efficient manufacturing opportunities around zinc and allied products.

Hindustan Zinc stock performance

Despite the announcement, shares of Hindustan Zinc continued to trade in the red on Wednesday, June 10. The stock declined as much as 3.97% to hit an intraday low of ₹541.25 per equity share on the National Stock Exchange (NSE) in early trade.

At around 12:46 PM, the share was trading at ₹548.60 per unit, marking a fall of 2.32%.

The scrip has lost 10% in the past week and 13% over the month. On a year-to-date basis, it has dropped by 10%.

While the stock hit a 52-week high of ₹733 on January 27, 2026, it reached a year’s low of ₹413.50 apiece on August 1, 2025.

Hindustan Zinc has a total market capitalisation of ₹2.33 lakh crore as of June 10, 2026, according to data on the NSE.