hindustan zinc signed a Memorandum of Understanding (MoU) with The Energy and Resources Institute (TERI) to develop a 250-hectare ecological restoration project in Rajasthan. Announced on June 06, 2026, the initiative aims to establish the world's largest green cover within industrial premises at the company's Chanderiya Lead Zinc Smelter Complex in Chittorgarh district. This collaboration supports Hindustan Zinc's Sustainability Goal 2030, focusing on halting and reversing biodiversity loss and delivering a Net Positive Impact (NPI).

The project will employ a scientific, multi-layered restoration approach using native trees, shrubs, herbs, and grasses suited to the local landscape. Measures for invasive species management, support for water bodies, and long-term maintenance protocols are included. TERI will assist in identifying suitable plant species and provide subject matter experts for planning and implementation.

This new MoU builds on previous restoration work at the Chanderiya complex, where 22.25 hectares of industrial wasteland at the Jarofix Yard have already been restored using TERI's Mycorrhiza technology. Additionally, a 6-hectare biodiversity park is under development atop a secured landfill. These efforts have resulted in the plantation of nearly 56,400 native trees.

Sustainability and ESG Alignment

The restoration project aligns with Hindustan Zinc's broader Environment, Social & Governance (ESG) roadmap, which emphasizes land restoration, water stewardship, and decarbonisation. The company has secured a 530 MW round-the-clock renewable energy agreement expected to meet over 70% of its power requirements. It has also improved its water recycling rate to 49% and expanded its green mobility fleet to 232 vehicles, including electric and LNG-powered models.

Arun Misra, CEO, Hindustan Zinc Limited, stated that the partnership reflects the company's commitment to transforming industrial land into resilient green ecosystems. He highlighted the company's alignment with global benchmarks as the first Indian company to join the International Council on Mining & Metals (ICMM).

Key Project Details

Hindustan Zinc Limited has stated that it has no details regarding the reported government stake sale, calling media reports on the matter speculation. This comes after earlier reports suggested the Indian government was considering selling a 2% stake in the company, a transaction that could raise up to 50 billion rupees, or approximately $525 million.

Proposed Stake Sale Details

The key parameters of the reported government stake sale, as cited in earlier media reports, are outlined below:

Company's Response

Hindustan Zinc has distanced itself from the reports, clarifying that it has no information about any such government divestment plan. The company characterized the media coverage as speculation, indicating that no formal communication or details have been shared with it regarding the proposed transaction.

Background

The potential stake sale had been reported as part of the government's broader consideration of share sales in state-linked entities. Hindustan Zinc is one of India's prominent producers of zinc and lead, with the government holding a stake in the company alongside majority owner Vedanta. The proposed 2% offload, if executed, would have represented a significant liquidity event for the government.