Industry Guru has come to know that the present agreement is the result of an earlier MoU between SAIL and POSCO that was signed in November, 2016 on technical collaboration for operational improvement and human resource development. According to SAIL statement the new agreement will assist in realizing benefits from its new plant of IISCO at Burnpur.
(Source: Steel Authority of India Limited)
Steel Authority of India Limited (SAIL) has entered into an agreement with POSCO for technical services at SAIL’s IISCO Steel Plant at Burnpur.
Under the agreement, POSCO will provide technical supervising service, including its know-how for coke-oven operation and maintenance, coke-making, iron and steel making, continuous casting process, cold dust injection (CDI) operations and wire-rod mills.