October 201737

P Madhusudan, CMD,RINL has said that RINL is focusing

more on producing Special Steel/Value Added Steel with the introduction of new technologies in the Mills and accordingly strategies were drawn up to improve the RINL market share in the Special Steel segment in the country. He made this observation while inaugurating the “All India Special Steel Customers meet” organized by Marketing Department of RINL in Ukkunagaram.

Addressing the customers, Madhusudan said that “Special Steel” plays a significant role in the present market conditions in improving the brand image and would contribute in enhancing the bottom-line of the organization. RINL is presently emphasizing on improving the efficiency and ramping up of production from the expansion units to achieve cost competitiveness, he said. Madhusudan informed that RINL has completed the modernization of existing units with the blowing-in of Blast Furnace-2 -- KRISHNA and expressed confidence that RINL would fare better during the current financial year with the operation of all the three Blast Furnaces. He exhorted the customers to come out with useful deliberations/suggestions to improve the

RINL CMD inaugurates “All India Special Steel Customers’ Meet”

Special Steel products being rolled out from VSP.

Welcoming the customers, P Raychaudhury, Director (Commercial), RINL mentioned that the meeting was aimed to cement the relations with the special steel customers and carry forward the business further in special steel segment in the country. He said that RINL is working to meet the requirements of special steel customers to improve the market share in the country.

PK Rath, Director (Operations) said that RINL is expecting to produce over 20% of Special Steel of total production and is all set to improve the performance significantly this year.

OR Ramani, ED(Works) I/c, SK Chakrabarti, General Manager (Marketing) I/c , Senior officials from Rolling Mills,

Operations, Marketing participated in the meeting.

Special Steel Customers from Automobile Industry, Indian Railways, General Engineering etc from all over India took part in the meeting and later interacted with the officials in connection with Special Steel products and their requirements etc.

Later, the customers were taken around the major production units and Steel Rolling Mills and they interacted

with senior officials at the site.

Special Steel from RINL

• RINL is planning to produce 1 million tons of Special Steel during 2017-18.

• RINL has already rolled out Spring Steel and Spring Steel Flats for the first time in 80X16 size.

• RINL has started producing Low Alloy Steel from Structural and Special Bar Mill.

• High Carbon Wire Rod sales increased to around 15,000 tons/per month and RINL started producing Low carbon Cold Heading Quality (CHG) grade from Wire Rod Mill-2.

• The Special Steel products of RINL would largely cater to the needs of Automobile Industry, Indian Railways, General Engineering etc.

teel Authority of India (SAILBSE S8.69 %) supplied 33,500 metric tonnes of steel for the construction of the Agra - Lucknow expressway which facilitated the touch-and-go landing of planes of the Indian Air Force, on Tuesday. IAF conducted the touch and go landings on a stretch of the expressway, starting with a 35,000-kg C-130J Super Hercules aircraft.

SAIL supplied 33,500 metric tonnes of steel for AgraSAIL had primarily supplied long

products consisting of earthquake resistant TMT bars for the project, a statement issued by the PSU steel major said.

This is the first time that the C-130J transport aircraft joined the Indian Air Force's special drill to land planes on the expressway. The IAF had earlier landed its Mirage 2000 and Sukhoi-30MKI fighter jets on the Yamuna Expressway and the Lucknow-Agra Expressway.

SAIL has supplied steel for projects of national importance spanning from Sardar Sarovar Dam, Dhola-Sadiya bridge, Chenani-Nashri tunnel to various metro projects, power plants and upcoming Statue of Unity at Gujarat.

olkata-based Srei Infrastructure KFinance has formally expressed interest to acquire its debtor firm Electrosteel Steels, currently undergoing insolvency proceedings. Besides Srei, five others have formally expressed interest in the firm: Tata Steel, Mesco Steel, Edelweiss, Avalokiteshvar Valinv Ltd and Electrosteel Castings. A Tata Steel spokesperson said, "As a process, we do assess and evaluate various strategic opportunities for growth. This is an ongoing process in the company." Srei, which has an exposure of around Rs 300-400 crore to the firm.

Srei Infrastructure Financeeyes its debtor

Electrosteel Steels