India: Neelachal Ispat Nigam (NINL), a joint venture between MMTC, Industrial Promotion & Investment Corporation of Odisha (Ipicol) and Odisha Mining Corporation (OMC), is reportedly planning to expand its steel output to 6Mt/yr from the existing level of 1.1Mt/yr.
The expansion is expected to happen within five years. The cost of the expansion is likely to be around US$4.73bn, out of which US$631m has already been invested. At present, NINL's product portfolio includes pig iron and low ash mettalurgical (LAM) coke, along with nut coke, coke breeze, crude tar, ammonium sulphate and granulated slag. The envisaged products in the future include billets, bars and wire rods of different grades and sizes.
