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Old April 23rd, 2016, 12:00 PM
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Join Date: Nov 2011
Default Re: Rashtriya Ispat Nigam Limited Share Price

Hey buddy the face values for the Rashtriya ISPAT Nigam limited is almost 10RS


Rashtriya Ispat Nigam Ltd, (abbreviated as RINL), also known as Vizag Steel, is an Indian government-owned steel producer, Based in Visakhapatnam,


Operations

RINL operates a 3 million tonne per annum capacity steel plant in Visakhapatnam.

During the initial periods, the company suffered huge losses.

Later the profits have gone up by 200% making it the only steel industry to achieve such target.

The firm is investing 125 billion (US$1.9 billion) in the first phase of expanding its capacity, to target production of 6.3 million tonnes of steel a year by 2014.

In the next phase of its expansion, it plans to invest 70 billion (US$1.0 billion) to add another 4 million tonnes to its annual capacity. In addition, it plans to invest 250 billion (US$3.7 billion) to add capacity for the production of 4 million tonnes of specialised steel. Its annual capacity is expected to reach almost 7.5 million tonnes by 2015.

Contact details

Rastriya Ispat Nigam Ltd  
Metal Supplier

Address:

Branch Cell Office, 3rd Floor,
Meghlaya Tower, Jaipur, Rajasthan 302001
Phone:0141 236 8695
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