Taking a significant step towards its turnaround, the Neelachal Ispat Nigam Limited (NINL) has started production of own brand of TMT Bar “NINL Smart TMT” through conversion agents and will launch the product soon.
The company aims to produce initially about 10,000 tonnes of TMT bar in a month from billets produced at its state-of-the-art steel melting shop.
NINL vice-chairman and MD Sashi Shekhar Mohanty said that in the coming time, the quantity of value added products would go up as
NINL has invited ‘Expression of Interest’ for setting up of TMT bar-cum-rod mill.
He also said the company is in advanced stage of operation of its 110 million tonne reserves iron ore mines at Koira in Keonjhar and Sundargarh districts. Operation is expected by the second quarter of the present fiscal, Mohanty added.