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Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of Vizag Steel, today said its turnover up to February 28 in the current fiscal recorded 2% growth to Rs 11,766 crore.
The PSU had clocked Rs 11,504 crore revenue for the 11 months period of last fiscal, 2012-13.
Exports recorded 72% growth at Rs 725 crore during the 11-month period compared to of Rs 421 crores for the same period last year, 2013-14.
According to a release issued by the steel maker, during February, it reported 11% and 20% growth in liquid steel and saleable steel production respectively compared to February 2013.
RINL CMD P Madhusudan called for greater commitment and coordinated efforts from employees for sustainable growth in the wake of low profit margins, the release added.
February also witnessed a growth of 5% in power generation thus reducing dependency on state grid.
The cumulative sales volume of saleable steel, special steel and wire rods registered a growth of 12%, 9% and 39% respectively, compared to the same period last year.
