Financial Performance of Vizag Steel Plant - A Case Study

Authors

  • Mohammad Khwaja Moinoddin Head & Professor, Dept. of Business Management, SRM Group of Institutions, Karimnagar

DOI:

https://doi.org/10.33516/maj.v56i4.99-101p

Keywords:

No Keywords.

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.

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Published

2021-04-30

How to Cite

Moinoddin, M. K. (2021). Financial Performance of Vizag Steel Plant - A Case Study. The Management Accountant Journal, 56(4), 99–101. https://doi.org/10.33516/maj.v56i4.99-101p

Issue

Section

Case Study

References

“RINL Formation Day Celebrated†(PDF). Rashtriya Ispat Nigam Limited. Retrieved 2 September 2011.

“RINL conferred Navratna status†(PDF). Rashtriya Ispat Nigam Limited. 16 November 2010. Retrieved 2 September2011.

“Visakhapatnam Steel Plant unions serve strike noticeâ€. 10 June 2012.

“Cabinet clears privatisation of Rashtriya Ispat Nigam - The Hindu Bus…». archive.vn. 7 February 2021.

“Doctors in Kerala observe fast protesting anomalies in pay revisionâ€. archive.vn. 7 February 2021.

“India to Sell 10% Stake in Rashtriya Ispat Nigamâ€. The Wall Street Journal. 2 September 2011. Retrieved 2 September 2011.

“Expansion Plansâ€. Rashtriya Ispat Nigam Limited. Retrieved 2 September 2011.

“RINL to invest Rs 60K cr to have 20 MT capacity by 2027â€. Business Standard. Press Trust of India. 3 October 2013. Retrieved 23 October 2016

www.vizagsteel.com

www.jstor.org

en.wikipedia.org

Annual Reports of RINL

The print.in

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