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RINL makes good beginning to the Financial year

RINL, the corporate entity of Visakhapatnam Steel Plant made a good beginning to the Financial Year by registering growth in all major area of production during the 1st Quarter. The growth achieved in production of Hot Metal, Liquid Steel, Saleable Steel and Coke in comparison to 1st Quarter of previous year was 6%, 9%, 14% and 5% respectively. Growth of 18% was achieved in Captive Power Generation as well.

The performance in production of Liquid Steel, Saleable Steel, Coke and generation of power is the best for any Q1 since inception. The Liquid Steel production achieved in June’15 is also the best for any June month since inception.

On the sales front, RINL also achieved a growth of 34% in sales volume during Q1. A sales turnover of Rs 2762 crs was registered during the quarter, with a significant jump in exports to Rs 425 crs from Rs 147 crs in Q1 of last year.

Sri P Madhusudan, CMD, RINL observed that early ramping up of production from expansion units is the main focus area of the Company to achieve economies of scale and to realize the benefits of new technologies adopted in the plant. CMD also indicated that focus would also be on completion of the modernization programmes as per schedule for the units planned during the fiscal. He expressed confidence in the commitment and dedication of RINL collective towards this end.

Read More On: rinl | growth | quarter | visakhapatnam steel plant |
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