Public sector steel producer Neelachal Ispat Nigam Ltd (NINL) has struck a deal with Power Grid Corporation of India Ltd (PGCIL) for the supply of steel billets. Initially, NINL will provide billets to PGCIL for one year.
PGCIL will use the MS channels and angles produced from NINL steel billets for electrical transmission towers across the country.
NINL, jointly promoted by MMTC Ltd and two Odisha government PSUs, operates 1.1 million tonne per annum (mtpa) steel plant at Duburi within the Kalinganagar Industrial Complex. NINL has branched into production of steel billets to shore up margins.
