Friday, February 29, 2008

Vizag Steel Inks Agreement With RITES

Visakhapatnam: Rashtriya Ispat Nigam Ltd inked a memorandum of understanding with the Rail India Technical and Economic Services Ltd (RITES) here on Feb 28 for design and implementation of the railway network needed as a part of its ongoing expansion project, according to a press release. The expansion will take the steel plant''s capacity to 6.3 million tonnes. The MoU will be applicable for a period of five years. The job involves laying of railway lines within the plant for the incoming raw materials and outgoing finished products. The RITES will also be involved in the design of railway lines at the captive mines of the Visakhapatnam Steel Plant at Jaggayyapeta and Madharam.

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