Table of Contents
Is Vizag steel plant profitable?
The company made a net profit of Rs 212 crore in December 2020, Rs 134 crore in January this year and Rs 165 crore in February and the remaining in March. “This is for the first time that the company has made such huge profits,” the official said.
Is Vizag Steel good for construction?
Advantages of Vizag TMT Bars Ultimate tensile strength of Steel– By having good tensile nature, the construction will be held in a strong position. The Weldability nature in Vizag Steel TMT Bars is very strong when compared with others.
What are the key features of Visakhapatnam Steel Plant?
Infrastructure
- Coke Ovens and Coal Chemical Plant.
- Sinter plant.
- Blast furnace.
- Calcining and Refractory Material Plant.
- Steel Melt Shop and Continuous Casting.
- Light and Medium Merchant Mill.
- Medium Merchant and Structural Mill.
- Wire rod mill.
Why Vizag steel plants are lost?
The main reason cited by the Centre for privatising the RINL was that it had been consistently making losses for four years out of the last five years. Besides, the RINL is also facing a huge debt burden of ₹22,000 crore, which is being serviced at 14 per cent.
Is Rashtriya Ispat Nigam Limited listed?
Rashtriya Ispat Nigam Ltd. is not listed on NSE (View BSE)
Which steel is best Tata or ViZag?
Tata Steel scored higher in 7 areas: Career Opportunities, Compensation & Benefits, Senior Management, Culture & Values, CEO Approval, \% Recommend to a friend and Positive Business Outlook. Vizag Steel scored higher in 1 area: Work-life balance. Both tied in 1 area: Overall Rating.
Which TMT bar is best Tata or sail?
List of Top 10 Best TMT Bars in India
| Sr. No. | TMT Bar Brands | Manufacturer Company |
|---|---|---|
| 1 | Tata Tiscon SD | Tata Steel Ltd. |
| 2 | . Tata Tiscon 500D | Tata Steel Ltd. |
| 3 | SAIL TMT HCR EQR | SAIL (Steel Authority of India Limited) |
| 4 | JSW Neosteel 500D | JSW Steel Limited |
Who will buy Vizag Steel?
Tata Steel
Tata Steel interested in acquiring Vizag-based RINL: CEO T V Narendran. New Delhi: Domestic steel giant Tata Steel is interested in acquiring state-owned Rashtriya Ispat Nigam Limited (RINL), the company’s Chief Executive Officer (CEO) and Managing Director T V Narendran said.
Is Vizag Steel listed company?
Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of Vizag Steel, will continue to be a public sector undertaking post the listing of its shares on stock exchange, the government said today. The government shareholding in the company is 100 per cent, he said.