RINL conducts Annual General Meeting

Visakhapatnam: The 35th Annual General Meeting (AGM) of Rashtriya Ispat Nigam Limited, the Navratna PSU, was held on 27th September, 2017 at its Registered Office in Visakhapatnam.

 

Shi P. Madhusudan, CMD/RINL, chaired the meeting. Shri Mahabir Prasad, Director, Ministry of Steel (MoS), attended the AGM on behalf of President of India as the authorised nominee.

 

Shri P. C. Mohapatra, Director (Projects), Shri P. Raychaudhury, Director (Commercial), Shri  K C Das, Director (Personnel), Shri V V Venu Gopal Rao, Director (Finance) & CFO and Shri Sunil Gupta, Independent Director & Audit Committee Chairman, Shri Guru Prasad, Sr. Partner, M/s Rao & Kumar, Chartered Accountants, also attended the AGM.

 

Shri P. Madhusudan, CMD/RINL, addressed the shareholders of RINL/VSP and explained the position of the Company. He informed that the company has recorded growth in all major areas of production during 2016-17, with a growth of 11% in Hot Metal; 10% in Saleable Steel; and 17% in Finished Steel, although one of the Blast Furnaces was under shutdown during the year for modernization. The company achieved a Sales Turnover of Rs.12,706 crs with a growth of 4% over the previous year.