Vizag Steel makes rapid strides in Production & Sales    06-Dec-2017     View PDF

RINL-Visakhapatnam Steel Plant has made rapid strides  by achieving significant growth in production and turnover during April-November’17 of the current fiscal. ·                   Hot Metal 12% growth ·         Liquid Steel 14% ·         Saleable Steel 15% ·         Significant growth was also registered from the finishing mills of expansion Viz: Wire Rod Mill – 2, Special Bar Mill and Structural Mill  during the period. ·         Turn over 31% growth It is very noteworthy  that RINL could sustain the growth in November’17 also despite shortage of iron ore due to damage to KK Line. RINL recorded a growth of 15% in Saleable Steel production to 2.76 mt  over the CPLY (April - November) of 2.40 mt. The turnover also registered  an impressive growth of 31% at Rs 9650 crores  during April-November’17 when compared to the CPLY. Sri P Madhusudan, CMD, RINL observed that “the growth clearly reflects the company’s march towards ramping up of capacity  during the current year and added that various measures being taken by Ministry of Steel, Government of India and internal initiatives   have led to performance improvement. He congratulated the RINL collective for the achievements. RINL is targeting higher levels of production in the month of December’17 and is poised to achieve  them with alternate arrangements being made to ensure supply of iron ore.