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9:11 am - Tuesday January 23, 2018

RINL-VIZAG Steel registers 31 pc growth in turnover to Rs 9,650 cr

Agencies, Visakhapatnam

The RINL-Visakhapatnam Steel Plant has registered a 31 per cent growth in turnover to Rs 9,650 crore during April-November 2017, compared to the same period last year.

According to an RINL-VSP Spokesman here on Wednesday said the plant also reported a 15 per cent increase in saleable steel production to 2.76 million tonne during April-November 2017 compared to 2.4 mt in the same period last year.

While there was a 12 Per cent growth in hot metal output during the period under review,liquid steel production went up by 14% over April-November 2016, RINL said.

RINL said it managed to sustain the growth in November 2017 despite shortage of iron ore due to damage to Kothavalasa-Kirandal Line. With alternate arrangements being made to ensure supply of iron ore, RINL is targeting higher levels of production in December 2017.

Posted in: Business

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