Hindustan Zinc share price: Shares of Hindustan Zinc, the world’s largest integrated zinc producer, are expected to be in the spotlight on Tuesday, June 23, as it inked a Memorandum of Understanding (MoU) with Advantek Associates LLP and Aero Eagle Automobiles Pvt Ltd to explore the adoption of green hydrogen and alternative clean energy solutions across its operations.
According to a regulatory filing dated Monday, the collaboration aims to evaluate innovative technologies that can support the transition towards low-carbon and future-ready mining.
Through the MoU, the Vedanta Group firm is set to pioneer the use of hydrogen fuel for underground mining applications, positioning it to become the only company to deploy this technology in such environments, it said.
Hindustan Zinc aims to evaluate hydrogen-based technologies that can support its long-term decarbonisation roadmap while strengthening operational efficiency and sustainable value creation, it further stated.
The partnership will focus on conducting comprehensive feasibility assessments for hydrogen-based technologies, including green hydrogen generation, storage, dispensing infrastructure, and hydrogen-powered equipment.
It will also evaluate the potential use of Hydrogen Internal Combustion Engine (H2-ICE) and fuel cell technologies across mining and industrial applications.
Furthermore, a key area of exploration, as per the MoU, will be the use of hydrogen fuel solutions in underground mining environments, “positioning Hindustan Zinc among the early movers in India’s mining sector to assess such applications”.
The initiative will follow a phased approach, beginning with technical, operational, safety, environmental and financial feasibility studies.
Based on the outcomes, the collaboration may be scaled further to enable broader deployment across mining equipment, heavy earth-moving machinery, underground and surface vehicles, generators and other operational assets, the filing read.
The company added that the partnership is expected to play a pivotal role in building internal capabilities for next-generation fuels and accelerating the adoption of sustainable energy solutions within the metals and mining sector.
Commenting on the development, Arun Misra, CEO, Hindustan Zinc Limited, said: “At Hindustan Zinc, we are focused on pioneering solutions that can redefine the future of sustainable mining. Hydrogen has the potential to support cleaner mobility, reduce emissions from heavy-duty equipment and create new pathways for decarbonising hard-to-abate industrial operations.”
Misra further added that the collaboration is a forward-looking step in evaluating hydrogen-based technologies, including their potential application in underground mining, as the company continues to build a future-ready metals business aligned with global sustainability benchmarks.
Hindustan Zinc stock performance
Shares of Hindustan Zinc closed 1.71% higher at ₹573.20 apiece on the National Stock Exchange (NSE) on Monday, June 22. However, the development was announced after the market closed.
The scrip has gained 2% in the past week but lost more than 9% over the month. On a year-to-date basis, it has fallen 6%.
While the stock hit a 52-week high of ₹733 per equity share on January 27, 2026, it touched a year’s low of ₹413.50 per unit on August 1, 2025.
Hindustan Zinc has a total market capitalisation of ₹2.42 lakh crore as of June 22, 2026, according to data on the NSE.