RINL Achieved a turn Around

Vishakhapatnam: The RINL-Vizag Steel Plant joined the Nation in celebrating the 72nd Independence Day with patriotic fervour in Ukkunagaram. Shri P Raychaudhury, CMD, RINL unfurled the National Flag, took the salute and inspected the guard of honour accorded by the CISF jawans, home guards and school children of Ukkunagaram at the sprawling Trishna Grounds in the township.

 

Addressing the employees and their family members on the occasion, Shri Raychaudhury stated that the Indian economy had started stabilizing from the impact of currency reform and implementation of GST which will propel the steel demand. The major steel consumption segments such as construction, capital goods, automobiles and energy sector are set to benefit and contribute for a favourable outlook for the Indian Steel Industry, he said.

 

Shri Raychaudhury mentioned that RINL signed off 2017-18 on a positive note by posting an Operating profit of Rs 332 crores after a gap of two years and disclosed that the Company has registered a turnaround in the first quarter of the current fiscal  posting a Net Profit and providing the desired momentum to move from strength to strength for a remarkable performance in 2018-19. He said that as a step towards digital transformation and enhancing transparency in administration, RINL ushered in a new era of office management by launching the e-Office Management system. He stressed upon the key focus areas towards achieving excellence, i.e augmentation of volumes to leverage economies of scale, improving PCI in Blast Furnaces to 150 kgs to enable sustainable operations, effective logistics management to develop robust systems for optimizing rake retention time and ensuring timely evacuation of finished products etc. He called upon the employees to inculcate self-discipline and develop a positive frame of mind and work with passion to surpass the targets planned.

 

Shri P C Mohapatra, Director (Projects), Sri VV Venugopal Rao, Director (Finance), Shri PK Rath, Director (Operations), Shri Irfan Ahmad, Senior Commandant, CISF, the large number of employees and their family members, union leaders, CISF jawans etc witnessed the Independence Day celebrations.

 

Smt Bindoo Mohapatra, President of Visteel Mahila Samiti, Vice-presidents of VMS, representatives of Steel Executive Association, unions, SC&ST Association, WIPS, VMS committee members and a large number of school children were present on the occasion.

 

The specially trained jawans of CISF demonstrated how to combat attacks and protect VIPs, attracted the audience.