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.