Hindustan Zinc to supply 45,000 tonne zinc metal to Tata Steel

Hindustan Zinc to supply 45,000 tonne zinc metal to Tata Steel

Tata Steel has inked a memorandum of understanding (MoU) to procure its complete domestic zinc requirements from Hindustan Zinc. The move has paved the way to bolster the idea of Aatmanirbhar Bharat Abhiyan. The MoU is for the highest quantity to be ever signed by Hindustan Zinc and accounts for a quantity of around 45,000 tonne of zinc and other value-added metals. Under the MoU, Hindustan Zinc will cater to both Tata Steel and Tata Steel BSL. Hindustan Zinc has implemented a vendor management inventory (VMI) solution for Tata Steel. As the first VMI customer, Tata Steel’s inventory and stock will be closely monitored. Upon sensing a shortage on a real-time basis, the material will be delivered on impromptu basis from Hindustan Zinc warehouses with no risk to operation.

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