Indian state-run steelmaker Rashtriya Ispat Nigam Ltd (RINL) hopes to report a net profit over the next year thanks to an upswing in steel demand, the company said on Friday April 6.
"We hope to earn a net profit, with input prices stabilizing and all segments of steel demand showing stable growth," managing director P Madhusudan said.RINL, also known as Vizag Steel, said on Friday that, despite making a net loss, it had...