The Indian State Metallurgical Company Rinl will increase steel production by two and a half times in a year and a half

The Indian State Metallurgical Company Rashtriya Ispat Nigam limited (Rinl) plans to reach a new production capacity of 7 million 300 thousand tons per year over the next 18 to 20 months. About this in special edition reports Economic Times.

Currently, Rinl melts about 3 million tons of steel annually and will increase up to the end of the current financial year to 6 million 300 thousand tons.

According to the data presented by the General Director of Rinl A.P. Shuthari to the Professor to the Professor to the Professor, the company is moving forward to the target of 7 million 300 thousand tons of steel production per year and everything is ready to carry out the conceived over the next 18 - 20 months.

Meanwhile, Shoudhari added that the prices of raw materials, such as iron ore and ferroalloys, have a negative impact on profit growth. In addition, the fall of the Rupia rate in relation to the US dollar has its negative consequences.

The largest state metallurgical company India is the brainchild of the legendary Prime Minister of Indira Gandhi, on the initiative of which the steel complex in Visakhapanam was laid. Built with the participation of the USSR and Germany, the Rinl company is today one of the most modern metallurgical plants in India and one of the largest integrated steel companies in the world.