RINL clocks turnover of Rs 19,370 crore in 2021
“We could achieve improvement in all areas of operations during the year. We have achieved liquid steel production of 5.85 MT with an average of 109 heats per day in the calendar year 2021. It translates to about 94 percent utilisation of 6.3 MT liquid steel capacities” – RINL CMD
image for illustrative purpose
Visakhapatnam: Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant has achieved a sales volume of 3.73 MT against the production of 3.88 MT with a sales turnover of Rs 19,370 crore recording a growth of 69 per cent during just concluded calendar year.
In his address to the executives and workforce, company's Chairman-cum-Managing Director Atul Bhatt exuded confidence that the New Year will be very promising for RINL.
Bhatt said: "January-March-the last quarter is the best quarter in the history of RINL with respect to production and sales. The dreaded second wave of pandemic hit and affected many of us. We lost many of our colleagues during this period."
He said RINL has a history of converting challenges into opportunities. "We could achieve improvement in all areas of operations during the year. We have achieved liquid steel production of 5.85 MT with an average of 109 heats per day in the calendar year 2021. It translates to about 94 percent utilisation of 6.3 MT liquid steel capacities," the CMD said.
The year also saw RINL achieving another milestone in its efforts towards maintaining a leadership position in energy conservation. Commissioning activities at the forged wheel plant completed and the first batch of wheels were handed over to Railways." Bhatt said and appreciated RINL collective for bringing laurels to the company by winning national and international awards.
While emphasising the need to unleash the full potential of the RINL collective, he said that, "Looking ahead, we should not rest on our laurels. We need to work even harder to sustain our position in the market. We should focus on this quarter and try to achieve the best quarter figures in all areas."
He said "I take this opportunity to thank all the COVID warriors, health workers and frontline workers for showing their solidarity during this difficult period. I am happy to say that all the employees and contract workers have been vaccinated, save a few who have health issues."
On the occasion of the first day of the New Year 2022, Bhatt addressed a small gathering of Directors, CGMs, trade union leaders and representatives of SEA, WIPS, SC & ST association and OBC association at RINL-VSP. The event was watched live through social media platforms in the virtual mode by various departments, branch sales offices and regional offices across India.
Prior to his speech, a unique green initiative project taken up by RINL-VSP promoting and practicing environmental protection measures and also in line with the celebrations of Azadi ka Amrit Mahotsav was launched by Bhatt. Ceramic pots carrying saplings with the logos of RINL-VSP and Azadi ka Amrit Mahotsav engraved upon them were launched.
The CMD unveiled the renovated administration building façade with Azadi ka Amrit Mahotsav message.
The annual newsletter Ukkuvani, the trilingual in-house magazine of RINL covering the prominent events and happenings during 2021 was released.
Later the CMD along with AK Saxena, Director (Operations) visited major units in the plant and extended New Year greetings to the employees and witnessed performance presentations by respective departments.
