RINL-Vizag steel plant making remarkable strides: CMD

Steel plant CMD D. K. Mohanty complimented the RINL collective for making remarkable strides from November 2020 with some significant achievements

Visakhapatnam: RINL-Visakhapatnam steel plant has recorded best July performance in almost all the units, according to its in-charge chairman and managing director D.K. Mohanty.

Addressing the 75th Independence Day celebrations at Ukkunagaram here on Sunday, he stated that on the production front, best first quarter performance since inception had been achieved in Oven Pushing, Base mix preparation, Gross Sinter, Hot Metal, Liquid Steel, Saleable Steel and Value Added Steel Production, etc.

Complimenting the RINL collective for making remarkable strides from November 2020 with some significant achievements, he noted that RINL had contributed its mite to nation building albeit in a small way and is firmly on the path of recovery. During the period, RINL had concentrated on re-optimising the product mix and on niche markets and high end value added products. During April – July 2021, the sales stood at 1.6 million tons against 1.07 million tons for the corresponding period last year, registering a growth of 48%. The sales turnover stood at Rs.7958 crore against Rs. 3,606 crore during the period for a growth of 121%.

Saleable steel volume in Domestic sales stood at 1.1 million tons against 0.64 million tons- a growth of 77% and exports yielded a turnover of Rs 2045 crore up to July 2021 registering a growth of around 64% over the corresponding period last year, he disclosed.

Recently, an order had been obtained from AP Housing Corporation Limited for Rebars for their prestigious project of ‘Housing for all houseless poor’, wherein construction of 25 lakh houses is planned in five years, Mohanty said.

RINL had also focused on increasing the rural customer outreach by adopting a 2-Tier Distribution model. Stockyard operations have commenced from Guwahati stockyard after a long gap. RINL was now looking forward to utilizing Inland Waterways with sea to two river vessels, he added.

As part of Independence day celebrations, Yoga Demonstration, CISF Dog Squad Demonstration, Fire Demonstration and Weapons Demonstration by the CISF were also performed.

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