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Tata Sponge Iron wins bid for coal from CIL

Thursday, 16 Jun 2016
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Tata Sponge Iron has won a bid for delivery of coal from state-run miner, Coal India (CIL).

The company successfully bid for 24,000 tpa of Grade G4 coal from CIL, in a recently held auction of coal linkages for the sponge iron industry.

The company is yet to receive the allotment letter.

Tata Sponge is a coal-based merchant sponge iron producer and operates three rotary kilns with an installed capacity of 3,90,000 tpa to produce sponge iron.

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