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.
 

Comments

 

Other News

Domestic airlines show 38.27% growth in passenger numbers

The domestic aviation industry has witnessed a remarkable surge in passenger traffic during the first eight months of 2023. According to the latest data analysis, the number of passengers carried by domestic airlines from January to August 2023 reached an impressive 1190.62 lakhs, marking a substantial inc

MPs bid adieu to historic parliament building, step into new building

A function was organised in the Central Hall of Parliament on Tuesday to commemorate the rich legacy of the Parliament of India as the Members came together to bid adieu to the historical building before stepping into the New Building of Parliament. Prime Minister Narendra Modi, Lok Sabha sp

Real action, not words alone, needed to achieve UN agenda 2030: civil society

As politicians and policymakers make speeches at the United Nations during a high-level summit next week to assess the lack of progress on the 2030 Agenda and the Sustainable Development Goals (SDGs), people’s leaders representing some of the world’s most marginalised communities have come toge

Fourth GPFI G20 meeting pledges to work for universal financial inclusion

The fourth G20 Global Partnership for Financial Inclusion (GPFI) meeting held in Mumbai during September 14-16 concluded with members agreeing to work towards the vision of universal financial inclusion under the new G20 Financial Inclusion Action Plan. Over the course of three days, discuss

Tales of Mother Nature, tales of ruin and of rejuvenation

Marginlands: Indian Landscape on the Brink By Arati Kumari-Rao Picador India, 256 pages, Rs 699 This monsoon, Him

TRAI releases paper on `Digital Inclusion in the Era of Emerging Technologies`

The Telecom Regulatory Authority of India (TRAI) on Thursday released a Consultation Paper (CP) on `Digital Inclusion in the Era of Emerging Technologies`, aiming to explore and address the challenges and opportunities presented by the rapid advancement of emerging technologies, with a focus on ensuring in

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter