Owing to weak demand for steel during large part of 2012-13, Rashtriya Ispat Nigam (RINL) posted 5.8 per cent decline in sales revenue at Rs 13,650 crore during the year compared to Rs 14,450 crore in the previous year.
But the firm managed to post 45 per cent growth in export revenue at Rs 601 crore and 15 per cent increase in rural sales during the previous fiscal year.
The company produced just 1 per cent more finished steel during the year at 3.4 million tonne. In the last five years, the company’s captive power generation reached the highest level at 211 mw.
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