This is part of the string of activities NINL has planned for its turnaround, said the company on Saturday.
NINL has further plans to convert sizable amount of billets into TMT bar and wire rods.
S.S. Mohanty, Vice Chairman & Managing Director, NINL, said, “NINL is in last lap towards achieving the turnaround of the plant. The steel market is improving and we expect to earn maximum net margin on billet by reducing the cost of production.”
Shortly, the first export consignment of billet will be sent. There is also plan for TMT and wire rod soon, Mohanty added.
He further said: “The next target would be operation of the captive mines at Koira which is expected towards the end of the current fiscal. This will be a game changer for the company.”