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2023 will be a promising year for RINL : CMD

Addressing senior executives and other stakeholders at the New Year Celebration Function held at Ukkunagaram Club, here , Atul Bhatt said “I am confident that 2023 would be a very promising year for RINL"

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Visakhapatnam: Rashtriya Ispat Nigam Ltd (RINL), also known as Vizag Steel plat (VSP), achieved best ever December Month sales turnover of Rs 2508 Crores, since inception (best for any month of December, inception), according to RINL Chairman and Managing (CMD) Atul Bhatt.

Addressing senior executives and other stakeholders at the New Year Celebration Function held at Ukkunagaram Club, here , Atul Bhatt said “I am confident that 2023 would be a very promising year for RINL”

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He expressed his strong belief in the potential and commitment of the employees and exhorted them to put their act together to make 2023 a memorable year for RINL.

Speaking on achievements in the current FY so far ( 1st April-31st December,2022), he said there were quite a few feathers in the cap of the production collective:

Best production of Hot metal was achieved in BF-1 and BF-2 for any calendar year with a production of 2.12 Mt (million tons) and 2.2 Mt respectively, he said production of 8500 t / day was a new Peak for BF-2 and production of 16,200 t / day was the best Daily production from any two furnaces since inception.

The year ( April-December, 2022) also saw RINL achieving another milestone in its efforts towards maintaining a leadership position in Energy conservation, he said.

Speaking about progress on the other front, Atul Bhatt said that at Forged wheel plant more than 2000 LHB wheels complying with requirements of railway standards have been produced. The plant is under stabilization for ramping up production.

He said that new BOO oxygen plant is on the verge of commissioning and Oxygen production from BOO plant will commence shortly, he said RINL is also among the top CPSE buyers on GeM(Government e-market place) with a value of Rs. 1235 crores orders placed(purchased) through GeM portal.

RINL is ranked 2nd for GeM Procurement under the Ministry of Steel, he added.

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