Home » Sales of RINL rises 5% in Nov

Sales of RINL rises 5% in Nov

Sales of RINL rises 5% in Nov
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According to a company statement, sales of Rashtriya Ispat Nigam (RINL) grew 5 per cent to Rs 1,085 crore in November from Rs 1,028 crore in the year-ago month.

During the month, sales of iron and steel registered a growth of six per cent, while pig iron sales expanded 48 per cent.

According to the statement, the company is increasing its presence in rural areas and its sales through rural network grew 59 per cent during the month.

On the production front also, crude steel recorded a growth of three per cent supported by a growth in production of hot metal and saleable steel.

The company expects improvement in production, which was getting affected owing to scarcity of power supply from Andhra Pradesh government. Own captive generation has also picked up with more availability of thermal coal from Coal India, it said.

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