Financial Performance of Vizag Steel Plant - A Case Study

Abstract

RINL (Rashtriya Ispat Nigam Limited) is a completely claimed central PSU, anyway the Center chose in September 2011 to strip 10% of its stake by means of an initial public offering (IPO). Some way or another, the arrangement had been kept waiting for different reasons until the choice to privatize it totally now. VSP, with a selective product mix of longs, is the biggest maker of bars and rods in the country with a piece of the overall industry of more than 10% and has recorded a yearly turnover of 20,844 crore in 2018–19. The products of RINL incorporate rebars, wire rods, adjusts, structural, blooms and billets, and pig iron and the organization additionally advertises the resultant by products like coal synthetic compounds - ammonium sulphate, benzoyl products, and so forth.