Rashtriya Ispat Nigam Ltd

Leading steel producer with diverse product range and expanded production capacity serving various industries.

1982 | Visakhapatnam, Andhra Pradesh (India) | Active
Last Updated:

Rashtriya Ispat Nigam Profile

Key Indicators

  • Authorised Capital ₹ 15,000.00 Cr
  • Paid Up Capital ₹ 5,389.85 Cr
  • Company Age 43 Year, 2 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 26,001.85 Cr
  • Satisfied Charges ₹ 4,158.48 Cr
  • Revenue Growth 13.02%
  • Profit Growth 79.82%
  • Ebitda 170.10%
  • Net Worth -24.68%
  • Total Assets -6.08%

About Rashtriya Ispat Nigam

Rashtriya Ispat Nigam Ltd (RINL) is a leading Public Limited Union Government Company incorporated in India on 18 February 1982 and has a history of 43 years and two months. Its registered office is in Visakhapatnam, Andhra Pradesh, India.

The Company is engaged in the Metals And Minerals Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 15,000.00 Cr and a paid-up capital of Rs 5,389.85 Cr.

The company currently has active open charges totaling ₹26,001.85 Cr. The company has closed loans amounting to ₹4,158.48 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Rashtriya Ispat Nigam Ltd India are Ganesh Chaluvadi as CFO and Jagadeeshwara Mabagapu as Company Secretary. Subodh Singh, Ajit Saxena, Ghantasala Prasad, and Four other members serve as directors at the Company.

Company Details

  • Location

    Visakhapatnam, Andhra Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27109AP1982GOI003404

  • Company No.

    003404

  • Company Classification

    Public Limited Union Government Company

  • Incorporation Date

    18 Feb 1982

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Vijayawada

Industry

Metals and Minerals

What products or services does Rashtriya Ispat Nigam Ltd offer?

Rashtriya Ispat Nigam Ltd offers a wide range of products and services, including Casting, Moulding & Forging Machines, Casting Machines, Metal Wire, Wire Rod Coils, Round Bars, TMT Bars, Rebars, Steel Rods, Alloy Steel Rod, Industrial Furnaces & Ovens.

Company report

Rashtriya Ispat Nigam Ltd

Explore comprehensive data for Rashtriya Ispat Nigam Ltd, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Rashtriya Ispat Nigam?

Executive Team (2)

NameDesignationAppointment DateStatus
Ganesh Chaluvadi CFO11-Sep-2024Current
Jagadeeshwara Mabagapu Country flag representing In Company Secretary26-May-2018Current

Board Members (6)

NameDesignationAppointment DateStatus
Subodh Singh Country flag representing In Additional Director 06-Nov-2024Current
Ajit Saxena Country flag representing In Additional Director 29-Sep-2024Current
Ghantasala Prasad Country flag representing In Additional Director 01-May-2024Current
Suresh Pandey Country flag representing In Director 11-May-2023Current
Sanjay Roy Country flag representing In Additional Director 05-Jan-2024Current
Arun Bagchi Country flag representing In Director 26-Dec-2022Current

Financial Performance of Rashtriya Ispat Nigam.

Rashtriya Ispat Nigam Ltd, for the financial year ended 2021, experienced significant growth in revenue, with a 13.02% increase. The company also saw a substantial improvement in profitability, with a 79.82% increase in profit. The company's net worth observed a substantial decline by a decrease of 24.68%.

Rashtriya Ispat Nigam revenue growth over time
Rashtriya Ispat Nigam profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
13.02%
Revenue from Operations
13.57%
Total Assets
-6.08%
Profit or Loss
79.82%
Net Worth
-24.68%
EBITDA
170.10%

What is the Ownership and Shareholding Structure of Rashtriya Ispat Nigam?

In 2021, Rashtriya Ispat Nigam had a promoter holding of 100.00%. The company had 3 Subsidiaries and 2 Joint Ventures. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹26,001.85 Cr

Satisfied Charges

₹4,158.48 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 12322.00 Cr
  • Canara Bank : 5800.00 Cr
  • Others : 4875.00 Cr
  • Idbi Bank Limited : 2050.00 Cr
  • Vijaya Bank : 700.00 Cr
  • Others : 254.85 Cr

Latest Charge Details

DateLenderAmountStatus
14 Aug 2024Others₹1,865.00 CrOpen
17 Feb 2020Others₹500.00 CrOpen
23 Dec 2019Others₹1,000.00 CrOpen
23 Dec 2019Others₹500.00 CrOpen
20 Dec 2018State Bank Of India₹622.00 CrOpen

How Many Employees Work at Rashtriya Ispat Nigam?

Rashtriya Ispat Nigam has a workforce of 14056 employees as of Mar 22, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Rashtriya Ispat Nigam Ltd

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Rashtriya Ispat Nigam, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Rashtriya Ispat Nigam's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Rashtriya Ispat Nigam

Recent activity within the organization

  • Director Appointment

    Subodh Kumar Singh was appointed as a Additional Director was appointed as a Additional Director on 06 Nov 2024 & has been associated with this company since 6 months 4 days .

  • Charges

    A charge with Canara Bank of Rs. 5,800.00 Cr registered on 18 Apr 2005 with Charge ID 80009966 was modified on 25 Oct 2024.

  • Director Appointment

    Ajit Kumar Saxena was appointed as a Additional Director was appointed as a Additional Director on 29 Sep 2024 & has been associated with this company since 7 months 11 days .

  • Charges

    A charge with State Bank Of India of Rs. 5,700.00 Cr registered on 18 Apr 2005 with Charge ID 90260209 was modified on 18 Sep 2024.

  • Director Appointment

    Ganesh Srvgk Chaluvadi was appointed as a Cfo was appointed as a Cfo on 11 Sep 2024 & has been associated with this company since 7 months 29 days .

  • Charges

    A charge with Others amounted to Rs. 1,865.00 Cr with Charge ID 100965961 was registered on 14 Aug 2024.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Rashtriya Ispat Nigam Ltd?

    Rashtriya Ispat Nigam Ltd was incorporated on 18 Feb 1982.

  • What is authorized share capital and paid-up capital of Rashtriya Ispat Nigam Ltd?

    The authorized share capital of Rashtriya Ispat Nigam Ltd is ₹ 15,000.00 Cr and paid-up capital is ₹ 5,389.85 Cr.

  • Who are the current board members & directors of Rashtriya Ispat Nigam Ltd?

    Currently 9 directors are associated with Rashtriya Ispat Nigam Ltd.

    • Subodh Kumar Singh
    • Ajit Kumar Saxena
    • Ganesh Srvgk Chaluvadi
    • Jagadeeshwara Rao Mabagapu
    • Ghantasala Venkata Nagambica Prasad
    • Ganesh Srvgk Chaluvadi
    • Suresh Chandra Pandey
    • Sanjay Roy
    • Arun Bagchi
  • What is the registered address of Rashtriya Ispat Nigam Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Rashtriya Ispat Nigam Ltd is Administrative Buildingvisakhapatnam India, Andhra Pradesh, 530031.

  • What is the corporate identification number (CIN) and company number of Rashtriya Ispat Nigam Ltd?

    The corporate identification number (CIN) of Rashtriya Ispat Nigam Ltd is U27109AP1982GOI003404 and the company number is 003404 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Rashtriya Ispat Nigam Ltd?

    The Official website of Rashtriya Ispat Nigam Ltd is https://www.vizagsteel.com

  • What has been the recent revenue trend for Rashtriya Ispat Nigam Ltd?

    According to the financial reports for the fiscal year 2021, the revenue trend for Rashtriya Ispat Nigam Ltd has risen by 13.02%.

  • How many employees does Rashtriya Ispat Nigam Ltd currently have?

    As Per 2021 financial reports, 14056 employees are currently employed by Rashtriya Ispat Nigam Ltd.

  • What change has been observed in the net worth of Rashtriya Ispat Nigam Ltd, and by what percentage?

    The financial reports for the fiscal year 2021 indicates that The net worth of Rashtriya Ispat Nigam Ltd has experienced an downturn of -24.68%.

  • What are the total open charges for Rashtriya Ispat Nigam Ltd?

    As per the financial statements for fiscal Year 2021, The total open charges for Rashtriya Ispat Nigam Ltd amount to ₹ 26,001.85 Cr.

  • When was the last Balance Sheet of Rashtriya Ispat Nigam Ltd filed with the ROC?

    The most recent Balance Sheet for Rashtriya Ispat Nigam Ltd was filed with the ROC on 31 Mar 2023.

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