RINL Apr-Dec sales up 8% to Rs 8,636 crore

Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), has registered 8 per cent growth in sales and 21 per cent rise in saleable steel production during April-December 2015 over the same period last year.

The Navaratna PSU said it achieved best-ever performance in production and sales volume during April-December 2015 despite volatile and difficult market conditions in the country, an official statement said. On production front, RINL achieved an impressive growth of 21 per cent in saleable steel in the period under review over the corresponding period last year, it added.

The company posted a growth of 8 per cent in sales at Rs 8,636 crore during the nine-month period over April-December 2014, which included export sales of Rs 935 crore.