RINL focused on modernisation for increasing production

Tags: News
Chairman and Managing Director of Rashtriya Ispat Nigam Limited (RINL) P Madhusudan today said the company was currently focused on modernisation of its assets to enhance the production by a million tonnes.

Speaking at a press conference here, he said the company would be investing Rs 4,000 crore for modernisation over 2014-15 and 2015-16.

The revamping of blast furnaces and other changes would help increase the production by a million tonne, he said.

The company was eyeing the African market to increase its exports, he said.

As a part of its business diversification strategy and to increase the geographical presence in the country, RINL is setting up a Forged Wheel Plant at Rae Bareli, Axle Plant in New Jalpaiguri, Transmission Line Tower manufacturing unit in Visakhapatnam through a Joint Venture with Power Grid Corporation and Slurry Pipeline and Pelletisation Plant at Visakhapatnam through a Joint Venture with NMDC.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Not the best gift for Modi, but bypoll result may not affect BJP in long run

    In India’s hardball political landscape, there is little place for anyone to rest on their laurels, not the least if you are a successful prime mini

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Skills education can boost industry

India’s manufacturing industry matters a great deal for the economic ...

Rajgopal Nidamboor

How synchronous empathy helps us

All of us are in an undulating ‘hypnotic’ state. A ...

Gautam Gupta

In fashion, why quality must exceed quantity

Every time there’s a fashion week in India, my friends, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture