New Delhi : Steel Exchange India Limited (SEIL), one of the largest steel manufacturers in the private sector in Andhra Pradesh, has received a conversion order to roll TMT bars from billets supplied by Rashtriya Ispat Nigam Limited (RINL). The quantity to be converted will be 10,000 mts per month.

The contract shall be effective for the period of one year and would be extendable by one more year on mutual consent. The conversion charges shall be paid per ton of converted products including transportation and are fixed throughout the period of contract.

The production will be carried out at the state of art Rolling mill located at Sreerampuram Village, L-Kota Mandal, Vizianagaram District of Andhra Pradesh.

Commenting on the occasion, Mr. B. Satish Kumar – Managing Director, Steel Exchange India Limited said, “We are happy to bag the conversion orders from RINL. We promise to strive hard and perform according to the best of standards. We are grateful that RINL has chosen us to roll out TMT bars and we are confident of fulfilling their requirements and help maintain their trust on us.”