Neelachal Ispat Nigam Limited reports growth of 126% over 2017-18

KOLKATA: Neelachal Ispat Nigam Limited (NINL) achieved net sales turnover of Rs 2,100 crore in the 2018-19, registering a growth of 126% over the 2017-18.

This is the highest-ever net sales turnover achieved since inception of NINL---a joint venture between MMTC Ltd and state government PSUs--- according to an official statement.

With the addition of high value added billets, TMT, wire rods, structurals through conversion agents, NINL's top-line is expected to reach about Rs 4000 crore in the 2019-20 fiscal.


The company said with raw materials from captive mines it expects to further boost its bottomline in the financial year 2019-20. NINL operates an integrated iron and steel plant at Kalinganagar, Duburi, in Odisha's Jajpur district.