RINL and IOCL ink MoU to supply hydraulic and lubricating oils

RINL, the corporate entity of Visakhapatnam Steel Plant, signed a MoU(memorandum of understanding) with IOCL for the supply of hydraulic and lubricating oils & greases for a period of 5 years from 2024 to 2029.

The MoU documents were exchanged by Sri Sri AK Bagchi, Director (Projects) & additional charge Director (Operations), RINL and Sri. B. Anil Kumar, ED & State Head (TPSO-Telangana, Andhra Pradesh State office), IOCL in the august presence of Sri.R.Uday Kumar, ED(Lubes), IOCL, Sri. U. Sridhar, CGM(Works)I/c, RINL,Sri VV Somaraju, GM(MM) & in-charge HOD, MM, RINL, Sri R. Sundara Narayanan, CGM (Lubes),TAPSO, IOCL GM(Lubes), Sri NVS Murthy & GM(Lubes), TAPSO, IOCL, Sri Jayashankar Varikkat, GM, TAPSO, IOCL and senior officials of RINL and IOCL.

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Speaking on the occasion, Sri AK Bagchi, Director (Projects) & additional charge Director (Operations), RINL said that this MoU between RINL & IOCL will stand as a benchmark to show how a progressive collaborative work can be taken by different industries towards Nation building. Sri AK Bagchi thanked IOCL for developing several critical grades of Lubricants in critical and vital areas to meet the stringent operational requirements of RINL.

This MOU will benefit VSP to ensure an uninterrupted and continuous supply of lubricants from IOCL to meet the RINL’s requirements. IOCL will provide technical support to RINL, Visakhapatnam steel plant in the field of lubrication, condition monitoring of critical and large hydraulic and lube systems, total bulk oil handling, and used oil management.

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The first MoU was signed in the year 1994-95 between RINL & IOCL.

IOCL will also provide training for Visakhapatnam steel plant officials in their IOCL R&D center at Faridabad which would also help RINL to reduce lubricants consumption and maintain optimum levels of specific lub consumption.

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