SAIL has signed MoUs with several Indian and foreign companies to pursue its strategic interests:
POSCO,Korea: Strategic alliance for cooperation in a wide range of business & commercial interest areas. Pursuant to this, another MoU has been signed for joint venture initiative in the area of (a) manufacture & commercialisation of CRNO; & (b) Exploration of upstream & downstream opportunities in utilising FINEX technology by both the companies
Kobe Steel Limited (KSL), Japan: To explore by joint feasibility study, the technical & economic feasibility of ITmk3 technology for producing premium grade iron nuggets using iron ore fines and non coking coal. Another MoU for collaborating and cooperating for studying the possibility of producing high value products such as (i) products for automobiles, (ii) products for nuclear and ordinary power plants, such as forged material and tubing material, (iii) special alloy steels and bars, and stainless steel tube and/or any other products mutually agreed to between the parties.
Rashtriya Ispat Nigam Ltd. (RINL): For jointly exploring and developing high grade low silica limestone deposits of Qalhat in the sultanate of Oman for supply to steel plants of SAIL & RINL on a long term basis.
Larsen & Toubro Ltd (L&T): To jointly set up, develop, manage and own captive/independent power plant(s) at suitable location/s to meet future power requirements of SAIL including opportunities to own captive thermal coal blocks to cater to the power plants’ requirements.
National Mineral Development Corporation (NMDC): For jointly developing limestone mine at Arki in Solan district of Himachal Pradesh in 50:50 JV which will supply high grade low silica Limestone primarily to the steel plants of SAIL & NMDC.
Hindustan Prefab Ltd (HPL): For jointly exploring the techno-economic viability of carrying out the business of prefabricated structures in steel and cement.
IRCON: For jointly working on infrastructure projects having transportation by rail/road as a component both in India and abroad.