Mr PK Rath, CMD of RINL, while reviewing the performance of the plant and current steel market scenario with senior management, has taken stock of the situation on Company’s financial front and the initiatives to improve the cash flow. He expressed the hope that Steel Industry has a great future and will recover shortly due to the government initiatives of infusing huge spending of several lakh crores on infrastructure projects, development of smart cities, highway developments, railway projects etc. He said “The sops announced by government to stimulate the economy will further boost the steel market.”
Mr Rath observed that producing steel at lowest cost is the need of the hour and is a prime requisite for sustainable growth and RINL is moving in that direction to achieve global bench marks in improvement in techno-economic parameters such as specific energy consumption, raw material consumption, waste recycling, waste heat recovery etc.
Source of information