RINL Apr-Dec turnover up 3% to Rs 9,123 crore

New Delhi: Public sector steel major Rashtirya Ispat Nigam's turnover during the April-December period of the current fiscal stood at Rs 9,123 crore buoyed by both domestic sales and exports.

"The cumulative turnover during April-December, 2013 grew by 3 per cent to Rs 9,123 crore against Rs 8,876 crore over the corresponding period last year," RINL said today in a statement.

Sales of steel grew by 13 percent and exports jumped by a whopping 142 percent to Rs 519 crore during the period, it said, adding that sales in rural areas increased by 14 percent in the April-December period of the current fiscal.

During December, the company's turnover rose to Rs 1,315 crore, clocking a growth of 18 percent. Volume of sales grew by 19 percent to 3,06,000 tonnes during the month.

"On the techno-economic front, RINL achieved best performance for any month since inception in specific heat consumption and specific power consumption in blast furnace, Billet mill and medium merchant structural mill," it added.