RINL Apr-Dec turnover up 3% on local sales, exports

Public sector steel maker Rashtirya Ispat Nigam Ltd (RINL)'s turnover during the April-December period of the current financial year stood at Rs 9,123 crore, buoyed by both domestic sales and exports.

"The cumulative turnover during April-December, 2013, grew by three per cent to Rs 9,123 crore against Rs 8,876 crore over the corresponding period last financial year," the company said on Saturday in a statement.

Sales of steel grew by 13 per cent and exports jumped by a whopping 142 per cent to Rs 519 crore during the period, it said, adding sales in rural areas increased by 14 per cent in the April-December period of the current financial year.

Best monthly performance
During December, the company's turnover rose to Rs 1,315 crore, clocking a growth of 18 per cent. Volume of sales grew by 19 per cent to 306,000 tonnes during the month.

"On the techno-economic front, RINL achieved best performance for any month since inception in specific heat consumption and specific power consumption in blast furnace, Billet mill and medium merchant structural mill," it added.