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NINL turnaround plan gets boost after capital repair

Press Trust of India  |  Bhubaneswar 

(NINL) has resumed after capital repair of the at its Odisha's Kalinga Nagar plant, a said.

NINL also plans to restart billet production, he said.

"The landmark of the turnaround of NINL was achieved with the completion of the much-awaited category-1 extended capital repair of its 1.1 million ton blast furnace, which was followed by resumption of hot metal production," the said.

The capacity utilisation of the will be 100 per cent and will produce around 3,500 per day, whereas earlier, production could reach up to 50-55 per cent capacity only, he said.

"Along with production of pig iron, with the improved hot metal production, NINL plans to resume steel billet production after restarting the (SMS) in full capacity, which will impact the company's bottom line," said S S Mohanty, of NINL.

With the restarting of SMS, NINL will get further boost to its turnaround plan when the captive mines of the company at Koira gets operational this year, said.

The Odisha-based NINL had started the capital repair process of its 15-year-old in November last year.

Promoted by MMTC Ltd, and of and Mining Corporation, NINL has set up an 1.1 mt integrated and at Kalinga Nagar.

The facility produces steel billets, pig and LAM coke along with nut coke, coke breeze, crude tar, ammonium sulfate and granulated slag.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 03 2018. 17:20 IST