Rashtriya Ispat Nigam Limited (RINL), a Navratna Public Sector Undertaking (PSU), convened its 42nd Annual General Meeting (AGM) on December 27, 2024, at its Registered Office in Visakhapatnam. The meeting was chaired by Shri Ajit Kumar Saxena, CMD (additional charge) of RINL. Smt Sudershan Mendiratta, Director from the Ministry of Steel (MoS), represented the President of India at the AGM as an authorized nominee. Key senior executives of RINL also attended the meeting, including Shri Arun Kanti Bagchi, Director (Projects) and additional charge of Director (Operations); Shri Suresh Chandra Pandey, […]
RINL Holds 42nd Annual General Meeting
Rashtriya Ispat Nigam Limited (RINL), a Navratna Public Sector Undertaking (PSU), convened its 42nd Annual General Meeting (AGM) on December 27, 2024, at its Registered Office in Visakhapatnam. The meeting was chaired by Shri Ajit Kumar Saxena, CMD (additional charge) of RINL. Smt Sudershan Mendiratta, Director from the Ministry of Steel (MoS), represented the President of India at the AGM as an authorized nominee.
Key senior executives of RINL also attended the meeting, including Shri Arun Kanti Bagchi, Director (Projects) and additional charge of Director (Operations); Shri Suresh Chandra Pandey, Director (Personnel); Shri Ch S R V G K Ganesh, Director (Finance); Shri G V N Prasad, Director (Commercial); and Dr. Sanjay Roy, Government Director. The Company Affairs Department played a pivotal role in coordinating the proceedings.
In his address to the shareholders, Shri Saxena provided an insightful review of RINL’s performance during the financial year 2023-24. He focused on key achievements in production and operations, outlining the steps taken to enhance the company’s growth trajectory. He also acknowledged the challenges faced during the year and discussed the strategic actions implemented to address them.
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Shri Saxena expressed deep appreciation to various stakeholders for their continued support. He extended gratitude to the Ministry of Steel, other government ministries, the Government of Andhra Pradesh, suppliers both domestic and international, customers, ancillary units, bankers, and people’s representatives. He also thanked the district administration and various other agencies for their trust in the company. This meeting ensured the growth and development.
During his address, Shri Saxena provided a comprehensive review of RINL’s performance for the financial year 2023-24. He highlighted key production achievements and the company’s efforts to maintain growth in a challenging environment. He also discussed the various strategic initiatives that were implemented to address operational challenges faced throughout the year.
The Chairman reflected on RINL’s solid performance despite facing numerous hurdles. He noted that the company had taken important steps to strengthen its operations and improve its production efficiency. These efforts were key in navigating the difficulties faced in 2023-24. He reassured the shareholders of RINL’s resilience and ongoing commitment to enhancing its operational capabilities.
Shri Saxena also expressed gratitude to the various stakeholders who have supported the company over the years. He acknowledged the Ministry of Steel, the Government of Andhra Pradesh, domestic and overseas suppliers, customers, ancillary units, bankers, and people’s representatives for their unwavering trust and cooperation. He also thanked the district administration and other government agencies for their continued collaboration. This has played a critical role in RINL’s progress.
The Chairman concluded his address by urging stakeholders to continue their support in the future. This reinforces RINL’s vision to scale new heights in the coming years. The AGM was a significant occasion to reflect on the company’s progress and to look forward to a future strengthened by collaborative efforts and sustained growth. This AGM marks a pivotal moment for RINL, showcasing its strong foundation and determination to thrive in the years ahead with the help of all its valued stakeholders.
