New Delhi: RINL-VSP on Wednesday said that it has entered in to an MoU with Indian Oil for the supply of hydraulic and lubricating oils & greases. As per the MoU, Indian Oil will supply the hydraulic and lubricating oils & greases to RINL for five years from starting from 2024 to 2029.
The MoU documents were exchanged by RINL's Director (Projects) AK Bagchi and Indian Oil's ED & State Head (TPSO-Telangana, Andhra Pradesh State office) B Anil Kumar in the presence of Indian Oil's ED(Lubes) R Uday Kumar, RINL's CGM (Works) U Sridhar, RINL's GM(MM) VV Somaraju and other senior officials of RINL and Indian Oil.
Speaking on the occasion, Bagchi said that this MoU between RINL and Indian Oil will stand as a benchmark to show how a progressive collaborative work can be taken by different industries towards Nation building. Bagchi thanked Indian Oil for developing several critical grades of Lubricants in critical and vital areas to meet the stringent operational requirements of RINL.
In his address, Uday Kumar described the signing of MoU between RINL and Indian Oil it as a ‘Milestone day’ and said that the long cherished association for over 3 decades between RINL and Indian Oil is due to the trust and professional excellence.
It may be noted that the 1st MoU was signed in the year 1994-95 between RINL and Indian Oil.
This MoU will benefit VSP to ensure uninterrupted and continuous supply of lubricants from Indian Oil to meet the RINL’s requirements. Indian Oil 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.
Indian Oil will also provide training for Visakhapatnam steel plant officials in their Indian Oil R&D centre at Faridabad which would also help RINL to reduce lubricants consumption and to maintain optimum levels of specific lub consumption.
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