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Tata Steel enters into MoU with Hindustan Zinc

10 Nov 2020 Evaluate

Tata Steel has entered into a memorandum of understanding (MoU) with Hindustan Zinc to procure the firm's complete domestic zinc requirements. This initiative would bolster the idea of Aatmanirbhar Bharat with one of the largest companies choosing to become vocal for local.

Under this MoU, Hindustan Zinc will cater to both Tata Steel and Tata Steel BSL. 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.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.

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