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Rashtriya Ispat Nigam Turnover Up 57% To Rs 28,215 Cr Since Inception

During the year, the company achieved an EBITDA of Rs 3469 crore with a growth of 148 per cent over the previous year

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Rashtriya Ispat Nigam recorded the highest turnover of Rs 28,215 Crore Since Inception, a growth of 57 per cent over the previous year, said the Ministry of Steel in a statement on Wednesday. 

Atul Bhatt, CMD, RINL said that during the financial year (FY) 2021-22, the company earned positive Profit Before Tax (PBT) after six financial years. 

During the year, the company achieved an EBITDA of Rs 3469 crore with a growth of 148 per cent over the previous year. It also earned a Cash Profit of Rs 1,923 crore in the financial year 2021-22.

Bhatt said that the best performance was registered during the year in all major production areas with growth over the previous year, despite curtailed operations in Q4 on account of the Coking Coal crisis. 

The hot metal production of 5.77 Mt achieved during the year is the highest for any unit of public sector steel plant in the country. 

The company also achieved a growth of 81 per cent in the sales to projects segment. With this, an increase of 28 per cent was achieved in domestic sales, though the automobile sector was impacted by the shortage of semiconductor chips, it added. 

 


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