Steel Authority of India Limited has signed a MoU with country's largest supplier of low silica limestone Rajasthan State Mines and Minerals Limited RSMML for a long term supply of low silica limestone, a critical input for steel making. Mr CS Sharma ED Corporate Materials and Management Group of SAIL and Mr Alok Gupta MD of RSMML signed the MoU.
SAIL said that "RSMML has agreed to supply around 2.1 million tonnes of low silica limestone to SAIL during the current financial year. The volume would gradually increase to around 4.4 million tonnes by 2017-18 in tandem with the planned rise in SAIL's hot metal production capacity in coming years.”
SAIL said that this would ensure security of the input's supply for a period of 10 years starting 2008-09 and also enable RSMML to enhance its capacity in view of assured demand.