SAIL signs pact with POSCO

POSCO will provide technical supervising service like its know-how relating to operation and maintenance of coke making, iron and steelmaking

GN Bureau | October 9, 2017


#PSU   #POSCO   #SAIL   #steel   #IISCO Steel Plant  

 Steel authority of India limited (SAIL), India’s largest steel producer, has inked a strategic agreement with POSCO for technical services for the enterprise’s IISCO Steel Plant (ISP) at Burnpur to assist in realising the benefits from its new plant.

As per the agreement, POSCO will provide technical supervising service like its know-how relating to operation and maintenance of coke making, iron and steel-making, continuous casting process, cold dust injection operation and wire-rod mills. 
 
SAIL said that the pact is a result of an earlier MoU on technical collaboration for operational improvement and human resource development which SAIL and POSCO had entered into in November, 2016.
 
The newly expanded SAIL-ISP plant is significantly ramping up production from its new facilities and the 0.55 million tons wire rod mill shall soon be producing world class wire rods in special grades to meet both domestic and international requirement.
 
This technical agreement will pave the way for sharing of best practices in the area of technology and maintenance which will immensely benefit SAIL-ISP in reaping benefits from its modernised units faster.
 

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