Current Affairs - Business - Discussion
Discussion Forum : Business - Latest Current Affairs (Q.No. 151)
151.
Which company signed an MoU with Rashtriya Ispat Nigam(RINL) for the supply of hydraulic and lubricating oils from 2024 to 2029?
Answer: Option
Explanation:
Rashtriya Ispat Nigam (Visakhapatnam Steel Plant) and IOCL signed an MoU on August 27, 2024, to ensure the supply of hydraulic and lubricating oils and greases to RINL from 2024 to 2029. The agreement, exchanged by RINL Director (Projects) Sri AK Bagchi and IOCL ED Sri B. Anil Kumar, also includes collaboration in technical support, lubrication, and training. This partnership highlights IOCL's role in providing essential resources to RINL and enhancing its operational efficiency.
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