Vizag steel set to achieve all time high turnover
andhrapradesh | Written by : IANS
Rashtriya Ispat Nigam Limited, the corporate entity of Visakhapatnam Steel Plant the largest unit in Andhra Pradesh is all set to achieve an all-time high turnover of ?15,000 crore and narrow down its net losses (between 900 crore and 1,000 crore) during 2017-18.
The improvement in performance is attributed to the market showing signs of recovery during the last quarter of the current fiscal.
The ‘navratna’ company had clocked a turnover of 12,781 crore and a net loss of 1,236 crore during 2016-17.