In a move set to revolutionize the steel production process, Steel Authority of India Limited (SAIL) and Indian Oil Corporation Limited (IOCL) have signed a Memorandum of Agreement (MoA) for the joint development of a new fluid aimed at reducing the moisture content in coke. The agreement was signed by Sandip Kumar Kar, Executive Director (RDCIS), and R Udaya Kumar, Executive Director (Lubes), IOCL, in the presence of Birendra Kumar Tiwari, Director-in-Charge (BSL), along with Chief General Managers (CGMs) and other senior officials from both SAIL and IOCL.
The development of this innovative fluid is expected to significantly enhance energy efficiency, lower emissions, and contribute to overall cost savings in steel production. This collaboration marks a significant milestone in the synergy between two of India’s leading public sector enterprises, SAIL and IOCL, as they work together to drive technological advancements in the industry and support the nation’s industrial growth.
The initiative underscores the commitment of both organizations to contributing to India’s sustainable development goals by improving energy efficiency in one of the country’s most critical industries. The joint efforts of SAIL and IOCL in this project highlight the importance of public sector undertakings in fostering innovation and enhancing the competitiveness of Indian industry on a global scale.
Notably the signing of this MoA is a testament to the ongoing collaboration between SAIL and IOCL, and their shared vision of achieving greater sustainability.
