Rashtriya Ispat Nigam Limited CMD Mr Atul Bhatt while addressing shareholders of RINL mentioned that during the financial year 2021-22, RINL achieved highest turnover of INR 28,215 crores since inception, with a growth of 57% over the previous year. Also, that the Company earned positive Profit Before Tax after 6 Financial Years. During the year, the company achieved an EBITDA of INR 3469 crores with a growth of 148% over the previous year.Best ever performance was registered during the year in all major production areas with growth over previous year, in spite of curtailed operations in Q4 on account of coking coal crisis. The hot metal production of 5.77 million tonnes achieved during the year is the highest for any single unit of Public Sector Steel Plant in the country. Best Ever Performance was registered during the year in all important Techno Economic parameters.High End Value Added Steel production was increased by 29% over previous year. Based on the Customers requirement, 22 new grades were developed during the year.The Company achieved a growth of 81% in the Sales to Projects Segment. With this, a growth of 28% was achieved in Domestic Sales, though the Automobile Sector was impacted by shortage of semiconductor chips. With focus on High End Value Added Steel production, growth of 18% was achieved over the previous year
Rashtriya Ispat Nigam Limited CMD Mr Atul Bhatt while addressing shareholders of RINL mentioned that during the financial year 2021-22, RINL achieved highest turnover of INR 28,215 crores since inception, with a growth of 57% over the previous year. Also, that the Company earned positive Profit Before Tax after 6 Financial Years. During the year, the company achieved an EBITDA of INR 3469 crores with a growth of 148% over the previous year.Best ever performance was registered during the year in all major production areas with growth over previous year, in spite of curtailed operations in Q4 on account of coking coal crisis. The hot metal production of 5.77 million tonnes achieved during the year is the highest for any single unit of Public Sector Steel Plant in the country. Best Ever Performance was registered during the year in all important Techno Economic parameters.High End Value Added Steel production was increased by 29% over previous year. Based on the Customers requirement, 22 new grades were developed during the year.The Company achieved a growth of 81% in the Sales to Projects Segment. With this, a growth of 28% was achieved in Domestic Sales, though the Automobile Sector was impacted by shortage of semiconductor chips. With focus on High End Value Added Steel production, growth of 18% was achieved over the previous year
