SAIL strikes deal with Posco for technical expertise

KOLKATA: Steel Authority of India Ltd. (SAIL), has entered into a strategic agreement with POSCO for wide ranging technical services for SAIL’s IISCO Steel Plant (ISP) at Burnpur. SAIL-ISP, which has already completed its modernization and expansion, is ramping up production from its new facilities The 0.55-million tonne wire rod mill of SAIL-ISP shall soon be producing wire rods in special grades to meet both domestic and international requirements.

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. This agreement 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 agreement will pave the way for sharing of best practices in the area of technology and maintenance, SAIL said in a statement issued on Sunday. This is expected to assist SAIL-ISP in reaping benefits from its modernized units faster.