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SAIL signs MoU with HEC for equipment supply
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New Delhi,
February
01, 2008
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.
V.K. Gulhati, Director (Technical), SAIL, and G.K.
Pillai, Chairman-cum-Managing Director, HEC, signed the
MoU under which HEC will supply |
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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.
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