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The Visakhapatnam steel plant - Rashtriya Ispat Nigam Limited (RINL) - has made all arrangements to undertake coastal shipping of its products to different parts of the country through coastal shipping.
Union Steel Minister Chaudhary Birender Singh will flag off the first consignment of RINL products to various destinations by coastal shipping from Visakhapatnam port on Wednesday afternoon. The steel plant has awarded the ₹75-crore annual contract for despatching 90,000 tonnes to Ahmedabad, 75,000 tonnes to Mumbai and 60,000 tonne to Kochi.
The annual contract will be executed by a consortium of Shreya Shipping Logistics Ltd, part of Dubai-based Transworld Group, and Srivalli Shipping, according to RINL officials.
Till now, RINL is transporting TMT bars, wire rods and other products to various stockyards by road and rail. Transportation by coastal shipping is expected to reduce logistics cost substantially.
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