RINL Records PBT of Rs 835 crore in 2021-22
The PSU, which is under the process of strategic disinvestment, has come back with a bang
Rashtriya Ispat Nigam Limited (RINL), a steel PSU under the Ministry of Steel, has achieved a profit before tax (PBT) of Rs. 835 crore.
It has achieved the best ever sales turnover of Rs. 28,082 crores which was 35% higher than its previous best. This remarkable performance has come after a gap of 6 years and the estimated gross margin of Rs. 3,575 crore which is also the best for any year, since inception.
RINL has also achieved the best ever production figures in all major production units during the just concluded fiscal, 2021-22 by achieving 5.77 Mt (million tons), 5.52 Mt, 5.27 Mt, 5.14 of hot metal, liquid steel, crude steel, saleable steel, respectively, which was the highest since inception.
