Rashtriya Ispat net up 22 per cent to Rs 400 crore

 This was on a sales of Rs 2,553 crore (Rs 2031 crore during the first half of the previous year).

 The company, referred to as Vizag Steel, has also emerged a zero-debt entity by clearing outstanding market borrowings worth Rs 773 crore in the first six months of the current financial year.

 Exports stood at Rs 316 crore, a growth of 19 per cent from the corresponding period of the previous year.

 This has helped RINL notch up an extra Rs 150 crore profits. The growing demand for steel was another booming factor, senior officials pointed out.

 The company