RINL turnover grows 2% to Rs 11,766 cr till Feb 28 this fiscal

Tags: Petroleum
Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of Vizag Steel, today said its turnover up to February 28 in the current fiscal recorded 2% growth to Rs 11,766 crore.

The PSU had clocked Rs 11,504 crore revenue for the 11 months period of last fiscal, 2012-13.

Exports recorded 72% growth at Rs 725 crore during the 11-month period compared to of Rs 421 crores for the same period last year, 2013-14.

According to a release issued by the steel maker, during February, it reported 11% and 20% growth in liquid steel and saleable steel production respectively compared to February 2013.

RINL CMD P Madhusudan called for greater commitment and coordinated efforts from employees for sustainable growth in the wake of low profit margins, the release added.

February also witnessed a growth of 5% in power generation thus reducing dependency on state grid.

The cumulative sales volume of saleable steel, special steel and wire rods registered a growth of 12%, 9% and 39% respectively, compared to the same period last year.

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E-mail ID will not be published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

  • Those willfully defaulting on loans should be blacklisted by Sebi

    As reported by this newspaper’s Monday edition, the Securities and Exchange Board of India (Sebi) has found merit in the Reserve Bank of India’s s

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 Kumar Jain

Kickstarting technological innovation

One of the key dimensions of global competitiveness is the ...

Kuruvilla Pandikattu SJ

Developing moral, spiritual capacity

Writing in The Huffington Post, Noam Chomsky, professor emeritus, MIT ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture