India’s Neelachal Ispat Nigam Limited (NINL) has achieved 100 percent capacity utilization of its steel mill within less than one year of its takeover by Tata Steel, a company statement said on Wednesday, July 5.
NINL’s 1.1 million mt per year capacity steel mill had been closed for three years when Tata Steel acquired it nine months ago through the government’s privatization process.
The company said that operations of the last major facility at the mill, the coke oven battery, would be restarted next month.
Tata Steel which had acquired NINL through its subsidiary, Tata Steel Long Products Limited, has firmed up plans to increase the capacity of NINL to 4.5 million mt per year of long products.