Ranchi: The Research & Development Centre for Iron & Steel (RDCIS), the corporate unit of the SAIL, has successfully completed five MoU projects and 54 planned and R&D projects in 2012/13 fiscal, incurring financial benefit to the tune of Rs 570 crore.
"The Centre (RDCIS) has completed five MOU projects and 54 planned R&D projects during the 2012/13," a company release quoting Executive Director (Incharge) Sridhar Varadarajan said in a release today.
"The financial benefit was achieved through cost reduction and value addition," the release said.
"It has also earned Rs 2.2 crore by providing technical service to external organisations," it added.
Stating that the RDCIS has achieved several feats during 2012-13, the release said it had developed 24 new steel products which would cater to the Indian Railways, Neutrino Observatory of BARC, construction, oil & gas and power transmission sectors of the country.
In 2012, the Centre has bagged the prestigious Golden Peacock Innovation Management Award. The technologists of this Centre bagged 24 awards during the period, release said.