Hindustan Zinc, a subsidiary of the Vedanta Group, has launched a platform to enable its customers to buy non-ferrous metals online.
The company, which claims to be India’s largest and world’s second largest zinc-lead miner, has onboarded German software corporation SAP to integrate security and ease of access into the platform, a statement said.
Customers can purchase as little as one tonne of zinc, lead, silver and acid on the Evolve platform based on real time pricing, the Udaipur-based company said.
“At Hindustan Zinc, we have yet again embarked on a pioneering journey of using technology to revolutionise non-ferrous metal buying experience. Evolve stands for our vision to offer to our customers, especially MSMEs, a hassle-free experience of buying our product online with convenience of smaller size of buy and dynamic pricing,” Arun Misra, CEO of Hindustan Zinc, said.
Evolve would also help create a daily INR benchmark price in the Indian market and offer integrated solutions, such as KYC for customer onboarding and GST integration, SAP integration for credit management and accounting, auto hedging in collaboration with JP Morgan as well as product management services.
“This responsive digital network will bring communities and buyers together on a single platform. HZL’s shift to redefine the industry by making their business more agile, collaborative and customer centric while mining responsibly and sustainably, is path breaking,” Kulmeet Bawa, president and managing director of SAP India, said.
In April, SAP launched Bridge-IT, an app to provide verified, real-time and local updates on Covid-19 to its employees and customers.