Nbfc Tag Linked To 40% Fin Assets

Steel Authority of India Ltd (SAIL), in its ongoing freight rationalisation drive, has kicked off a programme to switch over from panamax to cape-size vessels for importing its annual coking coal requirement of 6 million tonne.

The public sector steel major has started using cape-size vessels on an experimental basis and an initial consignment of 1.8 lakh tonne of coking coal was successfully shipped in at the Vishakapatnam port last fortnight.

According to senior company sources, with the use of