Rashtriya Ispat Nigam Ltd (RINL), which operates the Vizag Steel Plant, recorded a 29% growth in sales at Rs 14,687 crore in April-December 2018, compared to sales of Rs 11,395 crore posted in the previous corresponding period.
An official statement said on Tuesday, in terms of volume, Rashtriya Ispat Nigam Ltd (RINL) - Vizag Steel Plant posted a sales growth of 8% with value-added steels recording a growth of 25%. On the production front, RINL-VSP registered a growth of 15%, 16% and 18% in Saleable Steel production, Liquid Steel and Hot Metal respectively during April-December’18.
Chairman P K Rath said Addressing senior officers of RINL-VSP on New Year’s Day; the plant recorded around 20% growth across its operations in 2018 and called upon employees to focus on increased use of Pulverized Coal Injection (PCI) in Blast Furnaces to reduce the cost of hot metal production.
He added that a Pulverized Coal Injection (PCI) rate of 100 kg/tonne of hot metal brings in a savings of Rs 1,500 crore per year. He encouraged RINL employees to achieve the targets during the fourth quarter by improving volumes, production from the blast furnaces, steel melt shops, and finishing mills.
He also highlighted RINL’s notable achievements in 2018 which include an increase in capacity utilization in the new mills, high-end value-added steel production, handling of raw materials, and improvement in power generation.