RINL surpasses target, achieves sales of Rs 6,807 crore in Apr-Oct
6 Nov 2013 11:41 PM GMT
According to a press release issued by the steel maker, the sales turnover of Rs 1,033 crore in October month represents a growth of 7 per cent over the same month of last year.
The iron and steel sales during the period recorded a growth of 11 per cent.
'The saleable steel sales registered a growth of 14 per cent. The exports represent a whopping growth of 108 per cent with a value of Rs 446 crore against Rs 214 crore (last year),' the release said.
On the production front, RINL recorded a cumulative growth of 3 per cent, despite several constraints in the month of October such as indefinite strike call by the Andhra Pradesh government employees, the unprecedented long incessant rains which forced the PSU to curtail production as an abundant precaution during the cyclones.
Meanwhile, the RINL said the 'first heat' from the New Steel Melt Shop-2 was tapped successfully on October 30 which marks the completion of 6.3 mtpa expansion.
RINL CMD A P Choudhary expressed confidence that the finished products will be rolled out shortly with the commissioning of the finishing area of the state-of-the-art wire rod mill.
The iron and steel sales during the period recorded a growth of 11 per cent.
'The saleable steel sales registered a growth of 14 per cent. The exports represent a whopping growth of 108 per cent with a value of Rs 446 crore against Rs 214 crore (last year),' the release said.
On the production front, RINL recorded a cumulative growth of 3 per cent, despite several constraints in the month of October such as indefinite strike call by the Andhra Pradesh government employees, the unprecedented long incessant rains which forced the PSU to curtail production as an abundant precaution during the cyclones.
Meanwhile, the RINL said the 'first heat' from the New Steel Melt Shop-2 was tapped successfully on October 30 which marks the completion of 6.3 mtpa expansion.
RINL CMD A P Choudhary expressed confidence that the finished products will be rolled out shortly with the commissioning of the finishing area of the state-of-the-art wire rod mill.
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