Business News | Jindal Steel and Power Extends Support to RINL in Historic Collaboration, Setting New Industry Benchmarks
Get latest articles and stories on Business at LatestLY. New Delhi [India], December 23: Jindal Steel and Power (JSP) has entered into an MoU with Rashtriya Ispat Nigam Limited (RINL) for the operationalization of RINL's Blast Furnace-3 (BF-3). The furnace, set to be lit up on December 30, 2023, will boost production by 2 lakh tonnes of Hot Metal per month.
Jindal Steel & Power Limited
New Delhi [India], December 23: Jindal Steel and Power (JSP) has entered into an MoU with Rashtriya Ispat Nigam Limited (RINL) for the operationalization of RINL's Blast Furnace-3 (BF-3). The furnace, set to be lit up on December 30, 2023, will boost production by 2 lakh tonnes of Hot Metal per month.
The tie-up with RINL will release additional liquid steel for slab casting and onward rolling into Hot Rolled Coils from JSP's upcoming state-of-the-art Hot Strip Mill at Angul which is slated for commissioning soon.
"We extend our heartfelt congratulations and best wishes to the management and employees of RINL for embarking on this partnership based on a win-win relationship that also adds substantial value to the exchequer." expressed Bimlendra Jha, Managing Director of Jindal Steel and Power, in a statement.
Jindal Steel & Power is an industrial powerhouse with a dominant presence in the steel, power, mining and infrastructure sectors. Having an investment of 12 billion USD across the globe, the Company is continuously scaling its capacity utilisation and efficiencies to capture opportunities for Building a self-reliant India.
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