RINL records 29% growth in sales at Rs 14,687 crore in April-December

KOLKATA: RINL, which operates the Vizag Steel Plant, recorded a 29% growth in sales at Rs 14,687 crore in April-December 2018, compared to sales of Rs 11,395 crore posted in the previous corresponding period. In terms of volume, RINL-VSP posted a sales growth of 8% with value added steels recording a growth of 25%, an official statement said on Tuesday. On the production front, RINL-VSP registered a growth of 18%, 16% and 15% in Hot Metal, Liquid Steel and Saleable Steel production respectively during April-December’18.Addressing senior officers of RINL-VSP on New Year’s day, chairman P K Rath said the plant recorded around 20% growth across its operations in 2018 and called upon employees to focus on increased use of Pulverized Coal Injection (PCI) in Blast Furnaces to reduce cost of hot metal production. He added that a PCI rate of 100 kg/tonne of hot metal brings in a savings of Rs 1,500 crore per year. He exhorted RINL employees to achieve the targets during the fourth quarter by improving volumes, production from the blast furnaces, steel melt shops and finishing mills. He also highlighted RINL’s notable achievements in 2018 which include high end value added steel production, increase in capacity utilization in the new mills, improvement in power generation and handling of raw materials.

from Economic Times http://bit.ly/2R1ChCX