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Rashtriya Ispat Nigam Limited (RINL), a cash-strapped Indian government-run steel producer, inked a five-year limestone supply contract with NTPC Limited on APRIL 30.
According to the sources, lime chips, a byproduct of RINL's 7.3 million metric tonnes per annum (MTPA) steel mill, will be delivered to NTPC Limited for five years to be utilised as raw material for flue-gas desulphurisation systems being installed across the country's thermal power plants.
This will provide RINL with a new non-steel-related revenue stream while meeting its working capital needs.
Previously, RINL had put up for auction idle assets like surplus land, residential buildings and multi-purpose buildings and allied services to raise funds.
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