Comments
P. Madhusudan, Director (Finance), Rashtriya Ispat Nigam Ltd (RINL) – Vizag Steel Plant, assumed charge on Wednesday as the company’s CMD. A.P Choudhury retired from the post on Tuesday, said a press release.
Madhusudhan, who had joined RINL in 2009, will hold the new post for the next five years, as the company plans to increase its capacity to reach to 11-12 mtpa and become a “maharatna”. Addressing a gathering of senior officers on the occasion of the New Year, he called upon all the HODs to propagate the “cost culture” across the organisation to improve the bottom line. “Generation of adequate surpluses has become mandatory to fund the modernisation of equipments and unless concrete measures are taken, the progress of our growth is likely to get hampered,” he said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.