New Delhi, March 11 Vedanta group firm Hindustan Zinc Ltd (HZL) has entered into a partnership with CMR Green Technologies Ltd, a non-ferrous metal recycling firm, to set up a manufacturing facility at the zinc park in Rajasthan.
Under the Memorandum of Understanding (MoU), CMR Green Technologies will establish a manufacturing plant at the 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 the country's self-reliance in industrial materials, HZL has said in a statement.
This marks the second major partnership for the zinc park in Rajasthan, following Hindustan Zinc's earlier MoU with Tripura Group.
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 the zinc park will meet growing domestic and international demand while promoting circular economy principles through metal recovery and reuse.
"Zinc Park is a strategic vision to drive industrial growth, local manufacturing, and sustainability through zinc-based applications… 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," Hindustan Zinc CEO Arun Misra said.