Rashtriya Ispat Nigam Ltd posts 25% growth in FY14 turnover
Company registered a sales of Rs 13,527 cr, including exports of Rs 750 cr, in the just ended financial year, a growth of 25% over the last fiscal.
By PTI | Updated:
VISAKHAPATNAM: Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), posted a 25 per cent growth in sales turnover at Rs 13,527 crore in FY14 despite sluggish market conditions.
The company registered a sales turnover of Rs 13,527 crore, including exports of Rs 750 crore, in the just ended financial year, a growth of 25 per cent over the last fiscal, RINL Chairman and Managing Director P Madhusudan said today.
The state-run steel maker achieved a "creditable performance" in 2013-14 despite sluggish market conditions, he said.
RINL clocked 4 per cent expansion in the production of liquid steel (3.4 million tons) and saleable steel (3.01 million tons).
Ramping up production from new units is the main challenge for RINL in 2014-15. Cost control is also an important factor and there is an urgent need to spread the cost consciousness across the organisation, Madhusudan said.
The company registered a sales turnover of Rs 13,527 crore, including exports of Rs 750 crore, in the just ended financial year, a growth of 25 per cent over the last fiscal, RINL Chairman and Managing Director P Madhusudan said today.
The state-run steel maker achieved a "creditable performance" in 2013-14 despite sluggish market conditions, he said.
RINL clocked 4 per cent expansion in the production of liquid steel (3.4 million tons) and saleable steel (3.01 million tons).
Ramping up production from new units is the main challenge for RINL in 2014-15. Cost control is also an important factor and there is an urgent need to spread the cost consciousness across the organisation, Madhusudan said.
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