India’s largest exporter of pig iron – Neelachal Ispat Nigam Limited (NINL) dispatched 71,297 MT of pig iron in Jul’17. Company’s pig iron dispatches have climbed 14% M-o-M as it was recorded at 62,694 MT in Jun’17.
Also, company’s Jul’17 pig iron dispatches were 2nd best July pig iron dispatch numbers, as the best was recorded at 76,386 MT in Jul’09.
The company has exhibited growth in terms of both production as well as dispatches in current fiscal. During Q1 FY18, NINL produced 171,550 MT hot metal, up by 8.3% against the same period last fiscal i.e Q1 FY17.
NINL pig iron sales were recorded at 504,234 MT in FY17.
According to provisional customs data maintained with SteelMint, Indian pig iron exports were recorded at 0.44 MnT in CY17 (till Jul’17), out which share of NINL was nearly 36%.
NINL – promoted by MMTC Ltd, Industrial Promotion & Investment Corporation of Odisha Ltd (IPICOL), Odisha Mining Corporation (OMC) and other government agencies – has set up an 1.1 MnT of integrated iron and steel plant at Kalinganagar, Odisha. It is the country’s largest exporter of pig iron since 2004.
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