Hindustan Zinc, India’s leading zinc producer, is exploring a partnership with a US-based company to venture into battery manufacturing. The move aims to leverage the growing demand for electric vehicles and renewable energy storage solutions.
According to Arun Misra, CEO of Hindustan Zinc, the company is in advanced talks with a US firm to establish a joint venture for producing batteries. The partnership will enable Hindustan Zinc to diversify its product portfolio and capitalize on the emerging opportunities in the energy storage space.
The proposed joint venture will focus on manufacturing zinc-based batteries, which are gaining popularity due to their cost-effectiveness and sustainability. Hindustan Zinc’s vast zinc reserves and the US company’s technological expertise will create a winning combination.
Misra emphasized that the partnership will help Hindustan Zinc reduce its dependence on zinc sales and create a new revenue stream. The company is also exploring opportunities in recycling and waste management to further expand its presence in the circular economy.
Industry analysts view this move as a strategic step by Hindustan Zinc to stay ahead in the rapidly evolving energy landscape. The partnership will not only enhance the company’s product offerings but also contribute to India’s growing renewable energy ambitions.
With the Indian government’s push for electric vehicles and energy storage, Hindustan Zinc’s foray into battery manufacturing is well-timed. The company’s partnership with a US firm will bring in cutting-edge technology and expertise, making it a significant player in the emerging battery market.
