SteelMin praises RINL's financial performance

After criticising SAIL for its poor performance two days ago, steel minister Beni Prasad Verma has lauded Rashtriya Ispat Nigam Ltd (RINL) for its good results in 2011-12 and progress on the expansion front. "Unlike in the case of SAIL, the minister was very happy with the financial performance of RINL. In fact, with 26 per cent growth in turnover and 14 per cent rise in PAT for 2011-12, RINL left no room for the minister to be unhappy ," a source said.