RINL Soars to New Heights
RINL during FY 2023-24 on the marketing front, registered a sale of 7,30,000 tons of Wire Rod Coils (WRC) ( a growth of 43% over corresponding year, last year-CPLY) and 5,08,000 tons of Structurals( a growth of 11% CPLY) which are the respective Best Ever sales for any Financial year, since inception.
Similarly, during 2023-24 FY, Value Added Steel (VAS) sales of 13,24,000 tons is the Best Ever sales (Value Added Steel-VAS) for any Financial year, since inception” which is 31% of domestic sale and a growth of 37% growth over CPLY, respectively.
Inspite of sluggish market, non-availability and high prices of raw materials, RINL registered a sales turnover of Rs.23,129 Crs during 2023-24 FY registering a growth of 2% over corresponding period last year (CPLY 2022-23 FY).
In order to improve customer satisfaction and also to enhance last mile connectivity, RINL has delivered around 90,000 tons of steel on “door-delivery basis” during 2023-24 FY as compared to 15,000 tons during CPLY-2022-23 FY, registering a significant “6 fold growth”.
In addition to the above, during 2023-24 FY, RINL has registered an impressive sale of 43,12,000 tons of Saleable steel( 15% growth over CPLY) which includes sale of 7,80,000 tons of Rounds (10% growth over CPLY).
Mr. Atul Bhatt, Chairman-cum-Managing Director of RINL, commended the perseverance, commitment, and dedication of the entire RINL workforce for their outstanding performance during the 2023-24 fiscal year. He expressed his gratitude to all employees for their tireless efforts in achieving these remarkable milestones, reaffirming RINL’s commitment to excellence and sustainable growth.
RINL remains steadfast in its mission to contribute to India’s industrial development while upholding the highest standards of quality, innovation, and corporate responsibility.
