October 14, 2008

RINL net profit in 2007-08 up by 36% YoY

It is reported that Rashtriya Ispat Nigam Limited has posted a 35.73% YoY increase in net profit at INR 1,850 crore for 2007-08 as compared with INR 1,363 crore in 2006-07. Its turnover also grew by 5.63% YoY to INR 10,425 crore in 2007-08.

During the year, the firm produced 1.9 million tonnes of special steel, a rise of 74% YoY over the last year and sold 1.82 million tonnes as against 1.11 million tonnes in 2006-07. Its exports also grew to INR 556 crore.