RINL Reports Record Production in July 2021
Rashtriya Ispat Nigam Limited has set another record in July. RINL Tweeted “Stellar performance by RINL Vizag Steel in the month July'21 & till July in FY'22. 266,127 tonnes of liquid steel & 258,124 tonnes of crude steel produced during the month of July-2021.”
RINL sold 1,538,000 tonnes of steel between April and July 2021, up by 48% YoY. The steel plant achieved an outstanding growth of 77% in April-July 2021 in domestic steel sales volume of 1,122 thousand tonnes, as against 634 thousand tonnes of the same period last year. The monthly export sales turnover clocked the best ever figure of INR 827 crore in July 2021, as against the previous best of INR 636 crore in September 2020.
There is an impressive growth of 121% in April-July total sales turnover of INR 7958 crore, as against INR 3607 crore of the same period last year. There is a significant growth of 110% in July of the turnover of INR 2,735 crore against INR 1,301 crore last year.
While, RINL continues to create new records in steel production & sales, Mr Narendra Modi government is hell bent on privatising the four decades old steel plant, caring a damn for the strong opposition from the government, opposition and people of Andhra Pradesh. The RINL statement on Twitter evoked congratulatory messages and criticism against the central government. People tweeted “Kudos to the fraternity of RINL. Our actions speak louder than words. We were and we are the best steel makers in the country. Only thing we lack is captive mines; else, we would emerge as No 1 in this country. Vizag steel is pride of India, Will it be an eye opener for the Centre.”