New Delhi, Oct. 5 -- Jindal Stainless and Indian Oil Corporation Limited (IOCL) have renewed their lubricants partnership for another five years, with the companies looking to deepen technical cooperation and strengthen energy and lubrication supply support for manufacturing operations, as per a press release.

The renewed agreement extends the Lubricants Vendor Managed Inventory (VMI) partnership between the two companies and comes as they seek to support equipment reliability, operational efficiency and manufacturing continuity. The agreement was signed at Jindal Stainless' Hisar unit.

Jindal Stainless Managing Director Abhyuday Jindal said the five-year renewal would provide an opportunity to expand the relationship and explore new ar...