NINL to invest Rs.30,000 cr to expand capacity to 6 million tonne

Public sector steel firm, Neelachal Ispat Nigam Limited (NINL) plans to invest capacity at its Odisha unit to six million tone in next five years with an investment of around Rs.30,000 crore, according to media reports.


Managing Director of NINL, G S Gill told that the company has been planning to expand the capacity of the plant to 6 million tonne per annum in next five years. This will be under taken in two phases.


In the first phase the capacity will be increased to 2.5 to 3 million tonne per annum in next three years and last two years the company would try to reach the target of 6 million tones.


Neelachal Ispat Nigam Limited (NINL), a company promoted by MMTC Ltd. (a Government of India
Enterprise), Industrial Promotion and Investment Corporation of Orissa Limited (IPICOL) and other
government agencies has set up an 1.1 million ton integrated Iron and Steel plant at Kalinga Nagar,
Duburi, district Jajpur, Odisha.