Vizag Steel performed record growth

Rashtriya Ispat Nigam Ltd. (RINL) – Vizag Steel performed significantly in 2018 by recording around 20 per cent growth across its operations.

Disclosing this while addressing the senior officers of RINL-VSP on the occasion of New Year 2019 in Ukkunagaram here on Tuesday, Chairman-cum-Managing Director of the plant PK Rath also observed that notable achievements were made in high end value added steel production, increase in capacity utilisation in the new mills, improvement in power generation and handling of raw materials.

He called upon the employees to primarily focus on increase in Pulverized Coal Injection (PCI) usage in Blast Furnaces to reduce cost of Hot Metal production and added that a PCI rate of 100 kg/ton hot metal brings in a savings of Rs 1,500 crore per year. He exhorted the employees to achieve the targets during the 4th Quarter by improving the volumes, production more from the Blast Furnaces and Steel Melt Shops and finishing mills.

Rath congratulated the RINL collective for the achievements and said that challenges are many but expressed the confidence in the capabilities and commitment of RINL collective to propel the Company on a continuous growth path.

He released the New Year Diary 2019 brought out by Corporate Communications Department to mark the occasion.Earlier, Corporate Strategic Management department in their presentation highlighted the achievements and the challenges before RINL during the year 2019.

Performance during April-December in 2018

RINL-VSP registered a growth of per cent, 16 per cent and 15 per cent in Hot Metal, Liquid Steel and Saleable Steel production respectively during April-December last year. All the steel mills also recorded notable performance during the period.On Sales front, RINL recorded 29 per cent growth at Rs 14,687 crore compared to the corresponding period last year of Rs 11,395 crore during the period. Sales volume achieved a growth of 8 per cent and Value Added Steel recorded a growth of 25 per cent.