RINL, the corporate entity of Visakhapatnam Steel Plant made a good beginning to the Financial Year by registering growth in all major area of production during the 1st Quarter. The growth achieved in <g data-gr-id="16">production</g> of Hot Metal, Liquid Steel, Saleable Steel and Coke in comparison to 1st Quarter of previous year was 6%, 9%, 14% and 5% respectively. Growth of 18% was achieved in Captive Power Generation as well.
The performance in <g data-gr-id="14">production</g> of Liquid Steel, Saleable Steel, Coke and generation of power is the best for any Q1 since inception. The Liquid Steel production achieved in June’15 is also the best for any June month since inception.
On the sales front, RINL also achieved a growth of 34% in sales volume during Q1. A sales turnover of Rs 2762 <g data-gr-id="21">crs</g> was registered during the quarter, with a significant jump in exports to Rs 425 <g data-gr-id="22">crs</g> from Rs 147 <g data-gr-id="23">crs</g> in Q1 of last year. P Madhusudan, CMD, RINL observed that early ramping up of production from expansion units is the main focus area of the Company to achieve economies of scale and to realize the benefits of new technologies adopted in the plant.