Hindustan Zinc Limited (HZL) has signed a Memorandum of Understanding (MoU) with Advantek Associates LLP and Aero Eagle Automobiles Private Limited to explore the adoption of green hydrogen and alternative clean energy solutions across its mining operations. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the MoU

  • Signed on June 22, 2026 in Udaipur
  • HZL becomes the first company in India's mining sector to explore hydrogen fuel solutions for underground mining applications
  • Initiative aims to position HZL as the only company to deploy hydrogen technology in underground mining environments

Collaboration Objectives

  • Conduct comprehensive feasibility assessments for hydrogen-based technologies
  • Evaluate green hydrogen generation, storage, and dispensing infrastructure
  • Assess hydrogen-powered equipment including Hydrogen Internal Combustion Engine (H2-ICE) and fuel cell technologies
  • Focus on applications across underground mining, heavy earth-moving machinery, surface vehicles, generators, and other operational assets

Phased Approach

1. Initial phase: Technical, operational, safety, environmental, and financial feasibility studies

2. Subsequent phases: Potential scaling for broader deployment across mining equipment and operational assets based on study outcomes

Strategic Alignment

  • Part of HZL's larger strategy to build future-ready, low-carbon, technology-led mining operations
  • Supports company's commitment to become Net Zero by 2050 or sooner
  • Aligned with HZL's Science Based Targets initiative (SBTi) validated goals
  • Supports company's membership of the International Council on Mining and Metals (ICMM)
  • Complements existing renewable energy achievements (18% of power mix from renewables)

Company Background Context

Hindustan Zinc Limited is:

  • The world's largest integrated zinc producer
  • Among the top 10 silver producers globally
  • Recognized as the world's most sustainable metals and mining company for three consecutive years in S&P Global Corporate Sustainability Assessment 2025
  • First Indian company to join the International Council on Mining & Metals (ICMM) in 2025
  • Creator of EcoZen, Asia's first low carbon 'green' zinc brand
  • Certified 3.32 times Water-Positive company