Very few organizations earn the respect and fetch the numerical success at the same time. Rashtriya Ispat Nigam Ltd is one of those companies. It started its journey in 1982 and since then it has scripted stories of success.
The initial journey was a little rough where the organization suffered huge losses in the initial years. The complete turnaround saw the firm registering increase in the profits by about 200%. The production capacity has also gone up to almost 7 million tons which is a prolific figure. The company has great plans of expansion, where the annual quantity of the liquid steel may scale up to 16 million tons by 2020.
Head quartered at Visakhapatnam, the steel reaches out to every nook and corner of the country in different forms of steel. The marketing arm of the company has also affixed a lot of responsibilities and they are channelized through the rural dealers as well as the urban and the high profile city dealers. E-Auction has also become a very important tool for the company to procure Orders. The export orders have ensured a great dominance of the Organization in the foreign markets as well.
The company offers a variety of products to the market from the family of the steel. It produces and markets the forged rounds, the steel angles, and wire rods of various steel grades. Another product of the organization which has scaled great levels of popularity is the reinforcement bars in straight lengths or coiled form. There is a wide range in the length available as well. There are the presence of the nested and the interlocked bars as well. All these products have found a secured market in other countries making the success of the company very much a possibility.
Awards and recognitions
There is no denial to the fact this esteem Organization features among the top notch companies and more so when it comes to awards. It received many awards the most prestigious of it being conferred to the Navaratna status. It is also bestowed upon some other eminent awards such as the “Corporate vigilance excellence award”, “National vigilance excellence award” and the “Star performer in Exports award”. The list is pretty much non exhaustive.
This certainly is a dream company for anyone to work with. This is not only because of the success stories but also due to its management policies, the training programs and the camaraderie that exists among the co-workers. Rashtriya Ispat Nigam Ltd in true sense is a navaratna company.