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.