According to the company’s announcement, the tender covers prime-grade cast steel billets, with the minimum bid quantity set at 30,000 metric tons. Bids are expected to be submitted by the end of April 2026, while delivery is planned to be completed by June 30, 2026.
It was stated that payments under the tender will be made through an irrevocable, non-recourse, and at-sight international letter of credit. This structure aims to ensure secure foreign currency inflows while reducing financial risks in the export process.
According to industry evaluations, this move is seen as part of RINL’s efforts to direct its production capacity toward international markets and to strengthen India’s position in steel exports.
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