Companies

RINL aims at Rs 25,000 cr turnover

Our Bureau Visakhapatnam | Updated on April 24, 2019 Published on April 24, 2019

Buoyed by its performance during the last fiscal, the Visakhapatnam steel plant - Rashtriya Ispat Nigam Limited is aiming at a record turnover of Rs 25,000 crores during the current financial year, according to Chairman and Managing Director P.K Rath.

He was speaking at a customers' meet in the steel plant on Wednesday. Inaugurating the meet, he said there would be great demand for steel, as the Union Government had launched several infra, construction, road and rail projects aimed at enhancing the consumption of steel in the country. He said the RINL had succeeded in focusing on quality and right product mix to suit to the customers and to strengthen its presence in the market. The RINL had taken several customer-friendly policies aimed at improving the relations between the company and them and impetus was being given to value-added steel production during the current year. 

Rath said the RINL was aiming at achieving the highest sales turnover of Rs 25,000 crores and saleable steel output of 5.8 million tonnes during FY 2019-20. He expressed confidence that this target could be achieved with the support of RINL customers. He exhorted the customers to come out with candid feedback and suggestions to improve the product mix.

P Raychaudhury, Director (Commercial), said that customers played a vital role in achieving the highest sales turnover of Rs 20,844 crores during FY 2018-19. He said that the RINL was framing its marketing policy based on customer suggestions and to meet their requirements. 

He said that focus would be on setting up a special agency to sort out the issues, to make the maximum use of stockyards, improvisation of handling facility and safety of the workers in the stockyards during the current year. He said that RINL was focusing on coastal shipping to transport steel to various destinations.

K.C Das, the Director (Personnel), the executive directors and senior officials were present on the occasion.

Published on April 24, 2019
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