Neelachal Ispat Nigam achieves sales turnover of Rs 2100 cr in 2018-19

Neelachal Ispat Nigam Ltd (NINL), a joint venture between MMTC Ltd and two Odisha government-owned entities, has achieved a sales turnover of Rs 2100 crore in 2018-19, registering 126 per cent growth over FY18.

This is the best turnover ever reported by NINL ever since the company started commercial operations.

With the addition of high value-added billets, TMT, wire rods, structural through conversion agents, the top-line of NINL is expected to reach about Rs 4000 crore in 2019-20.

S S Mohanty, vice-chairman & managing director, NINL, praised all company employees for their sincere efforts and thanked all the stakeholders for their support. 

With raw