THEBUSINESSBYTES
BUREAU
ROURKELA,
OCTOBER 12, 2026
Steel Authority of
India Ltd's (SAIL) Rourkela Steel Plant (RSP) has signed a memorandum of
understanding (MoU) with Indian Oil Corporation Ltd (IOCL) for the supply of
high-speed diesel (HSD) and motor spirit (MS), in a move aimed at strengthening
fuel security and ensuring uninterrupted plant operations.
The agreement,
effective from October 1, 2026, will remain valid for three years, with a
provision for extension by another year, RSP said in a statement.
The MoU was signed by
T. Vinod, Chief General Manager (Materials Management), on behalf of RSP, and
Prakash Bharati, Divisional Institutional Business Head, Sambalpur Division, on
behalf of IOCL.
The agreement is
expected to ensure the reliable availability of essential petroleum products
required for the plant's operational and transportation activities, thereby
strengthening its supply chain and supporting smooth functioning of various
operations.
The pact also marks
another milestone in the longstanding association between the two public sector
enterprises and underscores their commitment to sustained cooperation and
long-term business partnerships.
Senior officials present at the signing included Anil Kumar, Executive Director (Materials Management); S. S. Roychoudhury, Chief General Manager-in-Charge (Maintenance); Ashish Ranjan, General Manager (Materials Management-Stores); and C. V. Apparao, General Manager (Materials Management-Purchase), along with other officials from SAIL-RSP and IOCL.
The agreement is expected to enhance fuel supply reliability and provide greater operational continuity for the steel plant's production-support and transportation requirements.
