RINL has surpassed its target by achieving a turnover of Rs 6,807 crore during April-October 13, against Rs 6,736 crore in the same period last year. Sales were up 7 per cent to Rs 1,033 crore.
The saleable steel sales of the Visakhapatnam-based public sector undertaking registered a growth of 14 per cent. Exports saw a growth of 108 per cent to Rs 446 crore ( Rs 214 crore), according to a company release.
On the production front, RINL recorded a cumulative growth of 3 per cent, despite several constraints in October, such as an indefinite strike call by State Government staff , unprecedented rains and curtailed production as a cyclone precaution.
The “first heat’ from the New Steel Melt Shop-2 was tapped successfully on October 30, marking the completion of a 6.3 mtpa expansion project.