Monday, January 17, 2022
Andhra PradeshRINL achieves Rs.3,109 cr exports

RINL achieves Rs.3,109 cr exports

Published: 26th Jan 2021 5:57 pm

Visakhapatnam: When the domestic demand subdued, the RINL-Visakhapatnam steel plant stepped up exports by 141% to a level of Rs.3109 crores during the year up to December 2020, RINL chairman and managing director PK Rath disclosed here on Tuesday.

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Addressing the 72nd Republic Day celebrations at Ukkunagaram, he said that RINL crossed an export volume of one million tonnes for the first time in the company. “There is a lot of progress made in operationalizing the mines of OMDC, our subsidiary. BSLC (Bisra stone lime company) another subsidiary also started earning profits for the first time.” he added.

Rath congratulated RINL collective who worked together to achieve record production at all major production units and for utilizing the opportunities of the buoyant market. The year 2020 had provided them many learning experiences and the company had benefited enormously from emerging stronger to face such challenges in future, he said and called for continuously looking for opportunities in every process to cost savings.

He informed the gathering that the Forged Wheel Plant at Raebareli was under advanced stage of completion and expected to be commissioned by next month.

He also appreciated the RINL collective for showing immense resilience in adversity and emerged victorious in the tough fight against Covid-19.

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