November 22, 2008

RINL Q1 sales turnover up by 36% YoY

It is reported that Rashtriya Ispat Nigam Limited’s sales turnover during April to June 2008 quarter was INR 2,744 crore as against INR 2,023 crore, registering a growth of 36% YoY.

It is continuing its thrust on value added steels during the current financial year as in 2007-08 fiscal. During April to June 2008 quarter, it produced 503,000 tonnes of value added steel, which is 72% of its production of saleable steel of 700,000 tonnes. There is a sales growth of 43% YoY.