October 07, 2008

RINL update on expansion plans

Mr PK Bishnoi CMD of Rashtriya Ispat Nigam Limited said that orders worth INR 5,600 crore had been placed during 2007-08, taking the total to INR 10,728 crore.

He informed that the equipment for the third blast furnace had been imported and work was proceeding briskly.

He said that RINL is in a position to finance the expansion and, if necessary, it can borrow from the market the additional amount.

He said that the additional capacity would be available by February 2010, taking the plant’s total capacity to 6.3 million tonnes from 3 million tonnes at present.