Visakhapatnam: The Rashtriya Ispat Nigam Ltd (the Vizag steel plant) and the Steel Authority of India Ltd (SAIL) have inked a memorandum of understanding here on Jan 29, for acquisition of high-grade lime stone in Oman. Both will be 50:50 associates in the venture. Lime stone is utilized as flux material to remove impurities in steel-making. Currently, the RINL is importing 3.5 lakh tonnes of high-grade lime stone annually.
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