Live
- From ‘Mohabbat ki Dukan’ to ‘Jhoot ki Dukan’: Shift In Rahul’s Rhetoric
- Revenue officials resume Sarada peetham land
- A celebration of diversity, unity through culture
- Need of the hour: A strong climate financial architecture
- Grenade attack: Ultras arrested
- Veteran BJP leader: Advani turns 97
- SC dismisses PIL seeking CBI probe into Tirupati laddus row
- New bench to decide AMU minority status: SC
- No power can restore Article 370 in J&K: Modi
- India deserves to be on list of global superpowers: Putin
Just In
Visakhapatnam: RINL expected to turn PAT positive in Q1 of 2023-24
The production will be ramped up to 55,000 wheels in current financial year to meet demand from Indian Railways
He informed that preliminary acceptance certificate (PAC) has been issued for the forged wheel plant at Rae Bareli and very soon the production will be ramped up to 55,000 wheels in the current financial year to meet the demand from Indian Railways for high speed trains. Speaking further, he said, "In the area of raw material securitisation, we had taken several initiatives, with timely intervention from the Ministry of Steel. We increased usage of indigenous coals in the blend and advance payment from customers was incentivised." He added that Odisha Mineral Development Corporation, (OMDC), the RINL's subsidiary, could achieve significant progress towards resumption of mining operations. This would not only provide raw material security to RINL but also provide income in the form of dividends.
Appreciating the works of the team for maximising the production within the available resources, Bhatt said, "On the operations front, we have successfully sailed through the most difficult phase in the history of the company. For the year, hot metal production from 2 blast furnaces, finished steel production from all the expansion mills and high end value steel production are the best for any year since inception." The marketing team was appreciated for its multiple initiatives and commercial skills like advance payments from customers etc. to secure the company's share in the market amidst the toughest competitive business environment. DK Mohanty, director (Commercial), AK Bagchi, director (Projects), chief general managers, heads of the departments, senior executives, representatives of the steel executives association, among others attended the meeting.
© 2024 Hyderabad Media House Limited/The Hans India. All rights reserved. Powered by hocalwire.com