Neelachal Ispat Nigam Limited (NINL), the largest Pig Iron producer in the country, has a robust plan this Financial Year (2018-19) as it targets to shift to billet and more value added production like TMT Bars & Wire Rods through conversion basis. This will be a welcome change for the company which is looking towards turn around this fiscal.
The company will start its state-of-the-art Steel Melting Shop within two months time and has plans to convert sizeable amount of billet to TMT bars and Wire Rods. It is aiming to be one of the largest producers of micro-alloyed billets in the region. The rods and wire rods to carry NINL’s brand name.
NINL set many production records regularly after the Capital Repair of its 1.1 million ton Blast Furnace. In May, 2018, it produced 69455 ton Hot Metal to register its second highest monthly production since inception and the best May-monthly production of the company.
NINL’s captive iron ore mines in Koira is expected to be start operation in the third quarter of this fiscal which will be a game changer for the company.