NINL signs deal to supply steel billets to PGCIL

State-owned Neelachal Ispat Nigam Ltd (NINL) has signed a deal to supply steel billets to projects of Power Grid Corporation of India Limited (PGCIL), an official said Tuesday. PGCIL will use the ms channels and angles produced from the steel billets of NINL for electrical transmission towers across the country for an initial period of one year, a company release said.

The 1.1 million tonnes capacity integrated steel plant has set the target for major share in special grade steel billet supply for the power transmission and distribution segment, which is growing in accelerated pace in the country, it said. NINL is also going to market its own brand of TMT, wire rods and structures through conversion agents.

The company has supplied billets to Tata Steel, SAIL and other important agencies, the release added.