Steel Authority of India (SAIL) on Sunday said it has entered into a strategic agreement with POSCO for wide-ranging technical services for its IISCO Steel Plant (ISP) at Burnpur to assist in realising the benefits from the company’s new plant.
Under the agreement, POSCO will provide technical supervising service, including its know-how relating to operation and maintenance of coke-making, iron and steelmaking, continuous casting process, cold dust injection (CDI) operation and wire-rod mills.
SAIL-ISP, which has already completed its modernisation and expansion, is ramping up production from its new facilities and the 0.55 million tonnes wire rod mill of SAIL-ISP shall soon be producing wire rods in special grades to meet both domestic and international requirements, an official statement said.
This agreement, which SAIL and POSCO had entered in November 2016, is a result of an earlier memorandum of understanding (MoU) on technical collaboration for operational improvement and human resource development. Read More…