SEIL secures contract from RINL

Value of the deal is not disclosed, will roll TMT bars from billets supplied by RINL

Andhra Pradesh-based steel manufacturer Steel Exchange India Limited (SEIL) has received a conversion order to roll TMT bars from billets supplied by Rashtriya Ispat Nigam Limited (RINL). The quantity to be converted will be 10,000 tonnes per month. The value of the contract has not been disclosed.

The contract shall be effective for a period of one year and would be extendable by one more year on mutual consent. The conversion charges shall be paid per tonne of converted products, including transportation and are fixed throughout the period of contract.

The production will be carried out at its rolling mill located at Sreerampuram village of Vizianagaram district.

“We are grateful that RINL has chosen us to roll out TMT bars and we are confident of fulfilling their requirements and help maintain their trust on us,” SEIL MD, B Satish Kumar, said.