RINL has achieved a 4 per cent growth in annual liquid steel output of 3.4 million tonnnes and saleable steel of 3.01 million tonnes. It also registered a sales turnover of ₹13,527 crore, including exports of ₹750 crore during 2013-14, up 25 per cent.
RINL (Visakhapatnam steel plant) has performed creditably despite difficult market conditions, and it has been made possible due to team effort, according to P. Madhusudan, Chairman and Managing Director.
He was addressing the senior officials of the company on the occasion of start of the new financial year here on Tuesday evening.
He said ramping up of production from the new units and stabilisation was the main challenge for 2014-15. "Cost control is also an important factor and there is an urgent need to spread cost consciousness across the organisation," he said. He stressed the importance of early commissioning of pulverised coal injection in blast furnaces for cost optimisation and increase in productivity.
He said high targets had been fixed for 2014-15 but he expressed confidence that RINL collective would achieve them.