RINL focusing on product mix, high-end products

Rashtriya Ispat Nigam Limited (RINL)- The corporate entity of Visakhapatnam Steel Plant is focusing on re-optimising the product mix and niche markets and high-end value-added products.

After hoisting the tricolour at the 75th Independence Day parade at Ukkunagaram, RINL in-charge Chairman-cum-Managing Director DK Mohanty said during April-July '21, the company's sales stood at 1.6 million tonnes against 1.07 million tonnes of CPLY, registering a growth of 48 per cent. Sales turnover stood at Rs 7,958 crore., against Rs 3,606 crore of CPLY, registering a growth of 121 per cent.

He said saleable steel volume in domestic sales stood at 1.1 million tonnes against 0.64 million tonnes of CPLY, registering a growth of 77 per cent. Exports yielded a turnover of Rs 2,045 crore up to July '21 registering a growth of around 64 per cent CPLY.

Complimenting the RINL collective for making remarkable strides from November 2020 with some significant achievements, Mohanty said that, RINL has contributed its mite, to nation-building albeit in a small way and is firmly on the path of recovery.

He said In the production front, best first quarter performance since inception has been achieved in average oven pushing, base mix preparation, gross sinter, hot metal, liquid steel, saleable steel and value added steel Production, in almost all the units.

He disclosed that recently, an order has been obtained from AP Housing Corporation Limited for rebars for their prestigious project of 'Housing for all houseless poor', wherein construction of 25 lakh houses is planned in five years.

While appreciating the marketing collective Mohanty said INL also focused on increasing the rural customer outreach by adopting a 2-tier distribution model. Stockyard operations have commenced from Guwahati stockyard after a long gap. RINL is now looking forward to utilising Inland Waterways with sea to two river vessels, he added.