HZL to Supply 45KT Zinc to Tata Steel & Tata Steel BSL
Tata Steel has signed a Memorandum of Understanding to procure its complete domestic zinc requirements from Hindustan Zinc Limited, India's largest and
the world's fifth largest zinc producer. The MoU is for the highest quantity to be ever signed by Hindustan Zinc and accounts for a quantity of around 45,000 tonnes of zinc and other value-added metals. Under this MoU, Hindustan Zinc will cater to both Tata Steel & Tata Steel BSL, earlier known as Bhushan Steel Limited, now a subsidiary of Tata Steel.
Hindustan Zinc has implemented a vendor management inventory 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 shall be delivered on impromptu basis from Hindustan Zinc warehouses with no risk to operation. Besides, Hindustan Zinc will also keep safety stock at all their depots across India for Tata Group Companies.