Steel Authority of India Limited (SAIL) today signed a memorandum of understanding with Ranchi-based Heavy Engineering Corporation (HEC), the largest integrated engineering complex in the country, for supply of equipment for its ongoing modernisation & expansion programme.

Mr. V.K. Gulhati, Director (Technical), SAIL, and Mr. G.K. Pillai, Chairman-cum-Managing Director, HEC, signed the MoU under which HEC will supply torpedo ladle cars, transfer cars, slab despatch cars, rolls, EOT cranes and other mechanical equipment required for the modernisation & expansion of the SAIL plants.

SAIL’s growth plan envisages increase in hot metal production capacity to over 26 million tonnes by the year 2010, under which major projects are being implemented at all its integrated steel plants, mines and other units.

The MoU with HEC will enable SAIL in achieving security of critical equipments and spares during the growth plan period at competitive prices. HEC was set up in 1958 to manufacture and supply capital equipment, machine tools for core sector industries, especially steel. The company has supplied quality equipment for critical areas during installation of Bokaro Steel Plant in the 1970s and during modernisation of SAIL plants in the 1990s.

Sourced From: SAIL

Tags: calls, daytrading, free calls, intraday, tips

Similar Posts:

• SAIL signs MoU with L&T for Power Plants
• SAIL signs MOU with SCI to form Shipping JVC
• Siemens bags order from SAIL
• SAIL Q3 net profit grows 32% to Rs 1935cr
• Fitch assigns AAA(ind) rating to SAIL