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Rashtriya Ispat Nigam Ltd (RINL) recorded a growth of 11 per cent and 20 per cent, in liquid and saleable steel production respectively in February. During the month it also witnessed a growth of 5 per cent in captive power generation thus reducing its dependency on the state grid.
RINL recorded a turnover of Rs 1,382 crore in February with a sequential growth of 7 per cent over January. The 11-month turnover of Rs 11,766 crore during the current financial year represented a growth of 2 per cent over a comparable period last fiscal. The exports recorded a growth of 72 per cent at Rs 725 crore (compared to Rs 421 crore last year).
CMD P Madhusudan attributed the good show to the dedicated and committed employees, steered by able leadership, and asked them to continue the efforts during March to achieve and surpass the set targets in the current financial year.
The cumulative sales volume of saleable, special steel and wire rods registered a growth of 12, 9 and 39 per cent, respectively.
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