RINL And IOCL Ink 5-Year Deal For Lubricant Supply And Support

Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), has signed a five-year Memo- randum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL) for the supply of critical lubricants, including hydraulic oils, lubricating oils, and greases. This agreement, effective from 2024 to 2029, ensures a continuous and uninterrupted sup- ply of these essential products to RINL.

In addition to product supply, IOCL will provide technical support in areas such as condition monitoring of critical systems, bulk oil handling, and used oil management. Training for RINL personnel at IOCL’s R&D center in Faridabad is also part of the collaboration, aimed at optimizing lubricant consumption and maintaining efficiency in plant operations. This partnership, which builds on a long-standing relationship first established in the 1990s, was described as a benchmark for industry collaboration towards nation-building by A.K. Bagchi, Director at RINL. Both companies emphasized the mutual trust and professional excellence that have been the cornerstone of their 30-year relationship.