Hindustan Zinc Ltd has signed a tripartite Memorandum of Understanding (MoU) with Advantek Associates LLP and Aero Eagle Automobiles Private Limited to evaluate green hydrogen and other alternative fuel technologies for its mining operations.
The company disclosed the development to the stock exchanges on June 22, 2026, under Regulation 30 of the SEBI Listing Regulations.
The initiative marks a first for India’s mining sector, with Hindustan Zinc becoming the first mining company in the country to formally assess hydrogen-based technologies for underground applications.
Shares of the company were trading at ₹554.30 during midday trade on June 23, down 3.30 percent. The stock touched an intraday high of ₹564.05 and a low of ₹553.05.
Hindustan Zinc has a market capitalisation of about ₹2.34 lakh crore. Over the past year, the stock has delivered an absolute return of 25.82 percent.
Focus on reducing mining emissions
The company said the collaboration will explore the use of:
- Green hydrogen technologies
- Hydrogen Internal Combustion Engines (H2-ICE)
- Fuel-cell systems
- Other clean fuel solutions
The technologies are being considered for:
- Underground loaders
- Haul trucks
- Surface vehicles
- Generators
- Other mining equipment
Diesel-powered machinery is a major contributor to Scope 1 emissions in mining operations.
Roles of the three partners
Under the arrangement:
- Hindustan Zinc will provide mining infrastructure and operational support.
- Advantek Associates LLP will work on hydrogen production, storage and dispensing systems.
- Aero Eagle Automobiles will focus on integrating hydrogen fuel cells and H2-ICE powertrains into heavy equipment.
The three companies aim to jointly develop a framework for deploying hydrogen technologies in mining applications.
Part of broader decarbonisation plans
The initiative aligns with Hindustan Zinc’s sustainability targets.
Key commitments and milestones include:
- Net-zero emissions target by 2050 or earlier.
- Science Based Targets initiative-validated goals.
- Membership of the International Council on Mining and Metals.
- Renewable energy accounting for nearly 18 percent of the company’s power mix.
- Production of EcoZen, described as Asia’s first low-carbon green zinc brand.
Hindustan Zinc said successful deployment of hydrogen technologies could help lower hard-to-abate Scope 1 emissions.
The company has been ranked as the world’s most sustainable metals and mining company for three consecutive years in the S&P Global Corporate Sustainability Assessment, according to the statement.
About the company
A Vedanta Group company, Hindustan Zinc is the world’s largest integrated zinc-lead producer and among the top 10 silver producers globally.
Headquartered in Udaipur, Rajasthan, the company supplies:
- Zinc
- Lead
- Silver
- Cadmium
Its products are sold in more than 40 countries, and the company accounts for around 74 percent of India’s primary zinc market.
Hindustan Zinc said it is certified 3.32 times Water Positive.
TL;DR:
Hindustan Zinc has signed an MoU with Advantek Associates and Aero Eagle Automobiles to evaluate green hydrogen technologies for mining operations. The initiative targets lower emissions from underground equipment and marks a first for India’s mining industry.
AI summary:
- Hindustan Zinc signed a tripartite MoU for green hydrogen solutions.
- The partners are Advantek Associates LLP and Aero Eagle Automobiles.
- Hydrogen technologies will be explored for underground mining equipment.
- The company aims to reduce hard-to-abate Scope 1 emissions.
- Hindustan Zinc targets net-zero emissions by 2050 or earlier.
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