Tata Sponge Iron has won the bid for delivery of 24,000 tonnes of coal from state-run miner Coal India (CIL). The company successfully bid for 24,000 tonnes per annum of Grade G4 coal from CIL, in a recently held auction of coal linkages for the sponge iron industry. This tonnage constitutes less than 10 percent of the company’s annual coal requirement.
Tata Sponge Iron is engaged in business of manufacturing high-grade sponge iron that is consistent in quality. The company has an annual manufacturing capacity of 390,000 tonnes of sponge iron from its three kilns.
