Live
- Cabinet approves Rs 1,000 crore VC fund to propel space sector, boost employment
- Vadodara fee regulation committee approves 5 pc hike for 76 schools
- Nigerian President reshuffles Cabinet
- Centre Gives Nod For Construction of Amaravati Railway Line
- Sensex ends flat, Hindustan Unilever among top losers
- Adani Total Gas clocks 7 pc jump in net profit at Rs 186 crore in Q2, revenue up 12 pc
- 2nd Test: Washington picks career-best 7-59 as India bowl out NZ for 259
- Priyanka Gandhi bullish on PSU stocks, relies on govt companies for returns
- Israel strikes Hezbollah weapon facilities in Beirut's southern suburb: IDF
- SC declines to initiate contempt action against UP officials for defying freeze on demolitions
RINL CMD calls for consistency in performance
Visakhapatnam: Rashtriya Ispat Nigam Limited (RINL) on Thursday joined the nation in celebrating the 67th Independence Day with patriotic fervour and...
Visakhapatnam: Rashtriya Ispat Nigam Limited (RINL) on Thursday joined the nation in celebrating the 67th Independence Day with patriotic fervour and enthusiasm in Ukkunagaram. Mr. AP Choudhary, CMD, RINL, unfurled the National Flag, took the salute and inspected the guard of honour given by the CISF jawans, Home Guards and school children of Ukkunagaram at the sprawling Trishna Grounds in the township to mark the occasion.
Addressing VSP employees and their family members, Mr Choudhary said the global economy is passing through a very difficult phase and the pace of growth has come down and the country is equally affected by the adverse external conditions and mentioned that RINL is no exception. Time has come to make conscious efforts to circumvent the vagaries of the external environment with greater internal focus that would propel the progress and generate adequate wealth to ensure a sustainable future.
He said that there is a greater need for consistency in performance and urged the employees to continue the growth of momentum in production. Cost savings and cost reduction should take the front seat and be on the top of the company’s agenda, he added. Impetus was given to energy management and R&D to improve energy efficiency, energy recovery and evolving new ways for use of cheaper material to drive the production units to high levels of yield and productivity, Mr Choudhary observed.
He advised R&D wing to inculcate the innovative spirit across the organisation and make RINL rich with high technological capabilities. In today’s competitive world, it is technology that would determine capability to meet competition, he said.
The year 2012-13 concluded on a positive note with growth in production in many areas, improvement in key techno economic parameters, commissioning of important units and support systems in expansion despite several odds and constraints imposed by the external factors such as power restrictions and sluggish market conditions, Mr Choudhary said.
