Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Vizag Steel plant (Visakhapatnam steel plant) has reported a profit of INR 54 crore in January 2026. The company achieved a record 94% capacity utilisation and doubled its hot metal production, reaching 19,401 tonnes per day.
Feb 05, 2026
Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Vizag Steel plant (Visakhapatnam steel plant), has reported a profit of INR 54 crore in January 2026, marking a significant milestone in the Vizag Steel plant turnaround journey. The company achieved a record 94% capacity utilisation, up from just 45% 18 months ago.
The hot metal production has nearly doubled, reaching 19,401 tonnes per day, reflecting improved operational efficiency and plant stability.
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The recovery has been supported by INR 11,440 crore in central assistance, along with major relief from the state government on power, water, and taxes, strengthening the mill’s financial and operational position.
