Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of Visakhapatnam Steel Plant, began its innings in the current fiscal on a positive note with a turnover of Rs.875 crore -- the best-ever during April since its inception.

The company has registered a remarkable growth of 51 per cent, the company said in a release. This includes exports of Rs.75 crore. The sale of wire rods was impressive with a growth of 67 per cent.

Despite power restrictions imposed by the State government, RINL achieved a growth of 16 per cent in liquid steel, 16 per cent in crude steel and four per cent in hot metal.

In techno-economic parameters, improvement was registered on several factors such as blast furnace productivity, fuel rate, labour productivity specific energy and specific water consumption.

Chairman-cum-Managing Director P. Madhusudan hoped that the April performance would improve further progressively in the current fiscal.

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