“If it happens, it will lead to selling of the steel plant with a land bank of around 22,000 acres to some corporate houses at a throwaway price,” claims CITU State president Ch. The high cost involved in sourcing iron ore from the NMDC mines in Bailadilla of Chhattisgarh has emerged a major drawback for the corporate entity of Visakhapatnam Steel Plant (VSP) in braving the tough competitions from its rival steel-makers. Top officials of the RINL exude confidence that with the markets picking up, they are poised for good days ahead. They say that the company is on recovery path to achieve a turnaround with increase in productivity after installation of pulverised coal injection technology in the blast furnaces.The RINL has finalised a plan for its outlook to produce 6.4 million tonne of hot metal, 6.3 million tonne of liquid steel and 5.7 million tonne of saleable steel. Provisional turnoverAs per provisional figures, the RINL clocked a sales turnover of ?16,500 crore in the 2017-18 fiscal, registering an increase of 31%.
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