Steel Exchange India (SEIL), one of the largest steel manufacturers in the private sector in Andhra Pradesh, has received a conversion order to roll TMT bars from billets supplied by Rashtriya Ispat Nigam (RINL), Visakhapatnam. The quantity to be converted will be 10,000 mts per month.
The contract shall be effective for the period of one year and would be extendable by one more year on mutual consent. The conversion charges shall be paid per tonne of converted products including transportation and are fixed throughout the period of contract. The production will be carried out at the state of art Rolling mill located at Sreerampuram village, L-Kota Mandal, Vizianagaram district in the state of Andhra Pradesh.
Steel Exchange India operates in six divisions, namely Trading Division, Steel Melting Division, Rolling Division, Wire Drawing and HC Wire Products & Galvanized Wire Division, Pyxis Software Division and Sponge Iron Division.
| Company Name | CMP |
|---|---|
| Jindal Steel | 1269.50 |
| Lloyds Metals&Energy | 1622.70 |
| Jai Balaji Inds | 72.59 |
| Steel Exchange India | 8.96 |
| Rajputana Stainless | 125.90 |
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