RINL (Vizag Steel), South India’s largest long steel producer under the Ministry of Steel, has registered growth in saleable steel production by 15% during Apr-Dec’18 period.
On the production front, RINL (Vizag Steel) registered a growth of 18%, 16% and 15% in Hot Metal, Liquid Steel and Saleable Steel production, respectively during Apr-Dec’18.
As per Chairman Mr.P K Rath, the company registered a sales growth of 8% with value added steels recording a growth of 25%.
Meanwhile in terms of growth in figures, they recorded a 29% growth in sales at INR 14,687 crore in Apr-Dec’18 in comparison with sales of INR 11,395 cr in the corresponding period last year.
On addressing senior officers of RINL on 1st Jan’19, the Chairman P K Rath stated that, the plant recorded around 20% growth across its operations in 2018 and called upon employees to focus on increased use of Pulverized Coal Injection (PCI) in Blast Furnaces to reduce cost of hot metal production.
He added that a PCI rate of 100 kg/tonne of hot metal brings in a savings of INR 1,500 crore per year. He exhorted RINL employees to achieve the targets during the fourth quarter by improving volumes, production from the blast furnaces, steel melt shops and finishing mills.
He also highlighted RINL’s notable achievements in 2018 which include high end value added steel production, increase in capacity utilization in the new mills, improvement in power generation and handling of raw materials.
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