Rahtriya Ispat Nigam Limited CMD Mr PK Rath while addressing the employees on Republic Day said “The year 2020 has provided us many learning experiences and the company has benefitted enormously emerging stronger to face such challenges in future. When domestic demand subdued we stepped up exports by 141% to a level of INR 3109 Crores during the year up to December 2020. We crossed an export volume of 1 million tonne for the first time in the company.”
Mr Rath also said “There is a lot of progress made in operationalizing the mines of OMDC, our subsidiary. BSLC another subsidiary also started earning profits for the first time.”
He added that the Forged Wheel Plant at Raebareli is under advanced stage of completion and expected to be commissioned by February 2021.