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Mesco in deal with Posco for finex technology in Odisha

Published

10 years ago

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Mesco

Bhubaneswar: Mideast Integrated Steel Limited (Mesco Steel), the flagship company of Mesco Group, has signed a Memorandum of Agreement (MOA) with South Korean steel maker Posco to use finex technology at its Kalinganagar plant in Odisha, an official said on Wednesday.

This will help the Mesco steel venture from producing pig iron into steel-making and give Posco its first local partner. “The agreement signed with Posco to relocate the number 1 Finex unit of the company from Pohang to MISL’s steel plant in Kalinganagar,” said a Mesco steel release.

While the joint venture will have Posco taking up a minority share, the definitive agreements will be signed within the next quarter and pre-engineering work to dismantle the plant at Pohang shall start in the next quarter, said the release. “There is no decision on share-holding capacity between the two companies yet. We shall come up with a decision soon,” Mesco managing director Rita Singh told IANS.

This project is part of the $700 million first phase steel expansion project to take Mesco Steel’s capacity to two million tonnes. Presently, Mesco Steel operates two blast furnaces in its plant at Kalinganagar. It operates an iron ore mine in Barbil region of Keonjhar district and has another iron ore mining lease at Malangtoli in Odisha, said the release.

The company expects that it would produce steel using Finex technology, which allows production of molten iron directly using iron ore fines and non-coking coal and are cheaper to build and operate than the traditional blast furnace.

Partnering with Posco would help Mesco steel produce steel at a lower cost because Finex technology uses iron ore fines, which is being exported due to lack of demand in India and also because normal coal is abundantly available in the state.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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