RINL Achieves Highest Turnover Of Rs 28,215 Crores Since Inception
The Steel PSU has reported a Growth of 57% over the previous year
The 40th Annual General Meeting (AGM) of Rashtriya Ispat Nigam Limited, the Navratna PSU, held today in Visakhapatnam.
Shri Atul Bhatt, CMD,RINL, addressed the shareholders of RINL/VSP and explained the position of the Company. Shri Bhatt mentioned that during the financial year (FY) 2021-22, the Company achieved highest turnover of ₹28,215 Crores since inception, with a growth of 57% over the previous year.
Also, the Company earned positive Profit Before Tax (PBT) after 6 Financial Years. During the year, the PSU achieved an EBITDA of ₹ 3469 Crores with a growth of 148% over the previous year. The Company has also earned a Cash Profit of ₹ 1,923 Crores in the financial year 2021-22.
