JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
RINL issues a global tender for 225,000 mt of pellets.
Delivery scheduled for Visakhapatnam Steel Plant.
Global suppliers expected to bid competitively.
State-owned Rashtriya Ispat Nigam Limited (RINL) has floated a global tender seeking suppliers for 225,000 metric tonnes of iron ore pellets. The move aims to strengthen the company’s raw material security and sustain production levels at its Visakhapatnam Steel Plant.
According to sources, RINL has issued a tender for procuring the pellet cargo in phases over the coming months. The tender outlines clear specifications for pellet quality, size, and technical parameters. The company expects competitive bids from global suppliers amid a volatile international market for iron ore and pellets.
This procurement initiative comes at a time when India’s steel production and export outlook remain firm. RINL is looking to stabilize its raw material inventory to maintain operational efficiency and meet market demand.
Also Read : India overtook Japan to claim 3rd-largest solar power generator in 2023 in the world Iran–Israel conflict sparks selloff in metal shares; Tata Steel drops 8%
TotalEnergies, a French energy major declared agreements with Indian Oil Corporation and Korea South...
Large Corporate 04-Jun-2024
China's iron ore production declined by 12.6% year-on-year (Y/Y) in January-February 2025, as per da...
China 21-Mar-2025
India’s state-run mining giant, NMDC Limited, recorded an 18% year-on-year increase in iron or...
Business 03-Mar-2025
Rosneft and Indian Oil corp have yet to renew an oil supply deal that expired in March as they have...
Oil & Gas 02-Apr-2024
Tata Power, an electric vehicle (EV) charging solutions provider, has reached a milestone of 100 mil...
Large Corporate 15-Apr-2024
A new ₹2,345-crore steel plant near Koppal, announced by Karnataka’s Industries Minister M B P...
India 20-Sep-2025