Public sector steel producer NINL to supply steel billets to PGCIL
PGCIL will use the MS channels and angles produced from NINL steel billets for electrical transmission towers across the country
 "Public sector steel producer NINL to supply steel billets to PGCIL")
premium
Public sector steel producer Neelachal Ispat Nigam (NINL) has struck a deal with Power Grid Corporation of India (PGCIL) for supply of steel billets. Initially, NINL will provide billets to PGCIL for one year.
PGCIL will use the MS channels and angles produced from NINL steel billets for electrical transmission towers across the country.
NINL, jointly promoted by MMTC and two Odisha government PSUs, operates a 1.1 million tonnes per annum (mtpa) steel plant at Duburi within the Kalinganagar Industrial Complex touted as the steel hub. NINL has branched into steel billets production to shore up margins. The public sector steel manufacturer is eyeing a major share in the special grade steel billet supply for the power transmission and distribution segment, which is growing in accelerated pace in the country. NINL is also going to market its own brand of TMT, wire rods and structures through conversion agents. Billets produced by NINL has already been widely accepted and has immense value.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%