RINL launches "Open Challenge Program (OCP) 2.0"

Tags: National National News

On 11th May 2023 Rashtriya Ispat Nigam Limited (RINL) launched “Open Challenge Program (OCP) 2.0” as part of a series of OCP programs by Kalpataru-CoE (Center for Entrepreneurship).

An Overview of the News

• The objective of this program is to select startups specialising in Industry 4.0 technologies for collaboration with RINL.

• The startups' technologies are expected to provide faster return on investment for RINL, contribute to energy savings and enhance process safety.

• The "Center of Excellence (CoE) on Industry 4.0" project involves collaboration between STPI (Software Technology Parks of India), MeitY (Ministry of Electronics & IT), RINL and Government of Andhra Pradesh.

• Over a period of 5 years, the CoE plans to incubate around 175 startup companies, of which 50 are incubated in physical mode and 125 are incubated in virtual mode.

Rashtriya Ispat Nigam Limited (RINL):

• It is a government body that oversees the operations of the Visakhapatnam Steel Plant (VSP), India's first shore-based integrated steel plant.

• The VSP plant was commissioned in 1992 and initially had a capacityto produce 3.0 MTPA of liquid steel.

Establishment -18 February 1982

Headquarters - Visakhapatnam, India

CMD - Atul Bhatt