Neelachal Ispat Nigam Limited (NINL) produced 2,605 tonne Pig Iron on May 11 equaling its highest ever single-day production record since inception. The company’s production of 2,771 tonne hot metal on the same day is also the third highest single-day hot metal production since inception.
The Kalinga Nagar-based company has started climbing new heights in production soon after completing its blast furnace capital repair – the first landmark for the turnaround of the company.
Earlier on May 8, the company produced 2,667 tonnes of hot metal to record highest single-day production in the last five years.
NINL aims to produce more than 3000 tonnes of hot metal per day and has immediate plans to resume steel billet production with a maximum capacity utilization of the Steel Melting Shop. NINL has lined up several activities this fiscal to strengthen its bottom line which includes steel billet production and operations of its captive mines. This will be other important landmarks for the turnaround of the integrated steel plant at Kalinga Nagar.
The revival of NINL’s plant operations is also bound to spell relief for the pig iron market. Historically, NINL has been one of the largest producers and exporters of the intermediate product. Other products in NINL’s portfolio are steel billets, LAM (low ash metallurgical) coke, nut coke, coke breeze, crude tar, ammonium sulphate and granulated slag.
Also, with the completion of blast furnace capital repair, operationalisation of the 110 million tonne captive mines and full capacity utilization of the steel melting shop (SMS), NINL will have a potential future of becoming one of the leading producers of steel in the state. Apart from MMTC which owns 49.78 percent equity in NINL, two Odisha government PSUs- Odisha Mining Corporation (OMC) and Industrial Promotion & Investment Corporation of Odisha Ltd (Ipicol) have stakes in the steel project.
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