At a program held at RINL, Sri Atul Bhatt, CMD RINL appraised the employees about the challenges and the financial stress through which the company is passing through and exhorted everyone to once again reaffirm their commitment to put their best effort to turnaround the company’s performance and sail into profitability in the next three months.
As a step towards this, all the employees led by CMD and Directors of RINL took pledge to turnaround the company in coming months. Sri Atul Bhatt, CMD, RINL exhorted the employees to focus on increasing capacity utilization and increase output of steel products by 20%.
Further, emphasis will also be to bring down the cost of production by 10% by taking various cost cutting initiatives like : Optimizing coal Blend , Increasing PCI (pulverized coal injection), Increasing Oxygen enrichment , Increasing scrap usage , Reducing Tap-to-Tap Time in Steel melting shop Converters, Increasing Rolling Hours in Mills ,Reducing Specific Consumption of all consumable like Ferro-alloy, Refractoriness etc.
RINL will focus on ensuring raw material at a competitive price and increasing market share for a sustainable profitable business.
Several officials and staff from outstation offices of Marketing, Liaison, and Mines departments of RINL also actively participated in the program and took turnaround pledge from their respective places.