Steel Exchange India has been successfully awarded the conversion contract in recent Bid from a public sector company i.e Rashtriya Ispat Nigam (RINL) to convert 1.20 lakh tons PA Billets into various sizes of TMT Bars of VIZAG STEEL Brand. This conversion work will be carried out from the company’s existing new rolling mill, which will ensure better capacity utilization and increased revenues.
The contract is for 2 years and can be extended mutually for another 1 year. Broad commercial consideration or size of the order(s)/contract(s) is up to Rs 210 crore (Up to Rs 70 crore PA for 3 years).
Steel Exchange India is India’s first online steel e-commerce portal established in 1999 and is dedicated to the Indian steel industry specifically and to steel as a whole.
