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Neelachal Ispat to launch NINL Smart TMT rebar bars soon

Steel News - Published on Fri, 14 Jun 2019

Image Source: Twitter
ET reported that MMTC and Odisha government promoted steel public sector undertaking Neelanchal Ispat Nigam Limited will soon launch rebar branded as NINL SMART TMT, first finished product as it currently produces pig iron & billets only. Mr Sashi Shekhar Mohanty, vice chairman of NINL, told ET that the aim is to initially produce about 10:000 tonnes of TMT bars a month from billets.

He said “This should help NINL improve topline and bottomline by about 30%. In due course of time, the quantity of value-added products will increase when NINL gets its own TMT bar-cum-rod mill.”

While its bars are now being produced by an outside conversion agent, the company intends setting up its own mill for which it’s invited expressions of interest.

Source :

Posted By : Rabi Wangkhem on Fri, 14 Jun 2019
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