Neelachal Ispat in talks with foreign firms for 800,000-tonne wire rod mill

The unit, to come up inside the company's steel plant at Kalinganagar, will produce rebars, rounds and wires with wire rods of two variants of 6-22 mm and 12-18 mm

Neelachal Ispat Nigam Ltd (NINL), a state-run steel company jointly promoted by MMTC Ltd and two Odisha government entities, has initiated talks with companies of international repute to build a bar and wire rod mill inside the premises of its steel facility at Kalinganagar (Odisha).

The plant is tipped to have an annual capacity of 800,000 tonnes. The proposed mill will produce rebars, rounds and wires with wire rods of two variants of 6-22 mm and 12-18 mm.

NINL had recently floated an Expression of Interest (EoI) for conversion of billets into TMT rebars. The objective was to identify potential