Tata Sponge Iron on Thursday said it has won the bid for delivery of 24,000 tonnes of coal from state-run miner Coal India Ltd (CIL).
“The company successfully bid for 24,000 tonnes per annum of Grade G 4 coal from CIL, in a recently held auction of coal linkages for the sponge iron industry. This tonnage constitutes less than 10 per cent of the company’s annual coal requirement,” company said in a regulatory filing.
Tata Sponge is a coal-based merchant sponge iron producer and operates three rotary kilns with an installed capacity of 3,90,000 tonnes per annum (TPA) to produce sponge iron.
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