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MMTC floats tenders for pig iron exports by NINL

In FY17, NINL produced 0.51 million tonnes of pig iron and sold 0.5 million tonnes

Jayajit Dash  |  Bhubaneswar 

Photo: Shutterstock
Photo: Shutterstock

State-run trading company Metals and Minerals Trading Corporation of India (MMTC) has invited global tenders from interested foreign buyers for export of non-alloy The has been produced by public-sector steel company Neelachal Ispat Nigam Ltd (NINL), in which is the largest equity holder. The of of up to 30,000 tonnes would be canalised through The material is to be shipped through the Paradip port. In FY17, produced 0.51 million tonnes of and sold 0.5 million tonnes (mt). In the first two months of 2017-18, NINL's sales has not matched its production. In April, the steel maker produced 55,949 tonnes of but managed to sell 29,949 tonnes.

Likewise, sold 38,270 tonnes of against its production of 58,283 tonnes. produces both basic and foundry grades of has become the country's largest exporter of saleable since 2004-05. and LAM (low ash metallurgical) coke produced by has established its acceptance in domestic as well as in the international markets. The company is widely catering to the demands of eastern, central and northern regions of the country for apart from It is supplying LAM coke to almost all steel plants of Steel Authority of India Ltd (SAIL) and Rashtriya Ispat Nigam Ltd (RINL), Vishakhapatanam. — promoted by MMTC, Industrial Promotion & Investment Corporation of Odisha Ltd (Ipicol), and other government agencies — has set up an 1.1 million tonne integrated iron and steel plant at Kalinganagar, Odisha. Presently, the products are steel billets, and LAM (low ash metallurgical) coke along with nut coke, coke breeze, crude tar, ammonium sulphate, granulated slag, etc. It has chalked out a plan to achieve steel output of five mtpa in two phases. Full capacity expansion estimated to cost Rs 25,000-30,000 crore, is slated to be achieved by 2025.

First Published: Fri, June 23 2017. 18:11 IST