About Rashtriya Ispat Nigam Ltd
Data last updated:
Rashtriya Ispat Nigam Ltd is a public limited union government company based in Visakhapatnam, Andhra Pradesh, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 18 February 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U27109AP1982GOI003404. Its GSTIN is 37AABCR0435L1ZD (Andhra Pradesh). The company holds 43 GST registrations, of which 36 are active.
The company has an authorised share capital of ₹40,000 Cr and a paid-up capital of ₹14,394 Cr. It is led by directors including Ajit Kumar Saxena (Managing Director) and Ghantasala Venkata Nagambica Prasad (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Administrative Buildingvisakhapatnam Andhra Pradesh, Andhra Pradesh, India – 530031.
As per the financials filed for FY 2025, the company reported a revenue of ₹18,763 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net loss of ₹1,432.58 Cr (net margin -7.6%) and EBITDA of -₹1,735.45 Cr (EBITDA margin -9.2%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 3% over five years.
The company has about 14,056 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries and 2 joint ventures.
The company is associated with 1 brand: RINL. As per MCA filings, the company has open charges of ₹25,780 Cr and satisfied charges of ₹5,780.48 Cr on record. Court records list 1,811 cases involving the company, including 570 filed by the company and 1,241 filed against it; 352 cases are pending. The company has 24 deals on record (22 secondary share transfers, 2 funding rounds), with disclosed funding of ₹7,827.32 Cr; the latest was in March 2022. Its 7 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 4 smaller; the largest is JSW Steel Coated Products Limited with revenue of ₹34,517 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 3,720 overdue payments to 692 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vizagsteel.com.
Company details
CIN history
Rashtriya Ispat Nigam has one previous CIN (Corporate Identification Number): U27109AP1982PTC003404. The current CIN is U27109AP1982GOI003404, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109AP1982GOI003404 | Current |
| U27109AP1982PTC003404 | Previous |
Contact details
Rashtriya Ispat Nigam Ltd's registered office is in Visakhapatnam, Andhra Pradesh. Its website is vizagsteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAdministrative Buildingvisakhapatnam Andhra Pradesh, Andhra Pradesh, India – 530031
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Rashtriya Ispat Nigam Ltd, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Rashtriya Ispat Nigam operates one associated brand: RINL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel manufacturing and supply operations in India. | vizagsteel.com |
Business activity
The main business activity of Rashtriya Ispat Nigam is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Rashtriya Ispat Nigam Ltd, buy the company report.
Financials of Rashtriya Ispat Nigam Ltd
FY 2024 filings availableRashtriya Ispat Nigam Ltd reported revenue of ₹18,763 Cr (down 20% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 20% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1,735.45 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1,432.58 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.2% | ||||
| Net Profit Margin | -7.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Rashtriya Ispat Nigam Ltd, buy the company report.
Board of directors of Rashtriya Ispat Nigam Ltd
Rashtriya Ispat Nigam has 11 current directors and 83 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Daya Nidhan Pandey | Additional Director | 11 Jun 2025 | 1 Years 4 Months | Current |
| Ganesh Srvgk Chaluvadi | Director | 03 Apr 2024 | 2 Years 7 Months | Current |
| Ajit Kumar Saxena | Managing Director | 29 Sep 2024 | 2 Years 1 Months | Current |
| Suresh Chandra Pandey | Director | 11 May 2023 | 3 Years 5 Months | Current |
| Ghantasala Venkata Nagambica Prasad Also directs: Rinl Powergrid TLT Private Limited | Whole-Time Director | 01 May 2024 | 2 Years 6 Months | Current |
| Salim Govindan Purushothaman | Whole-Time Director | 09 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Rashtriya Ispat Nigam Ltd is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JSW Steel Coated Products Limited | ₹34,517 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| Bhushan Power & Steel Limited | ₹21,680 Cr (FY 2025) | -1.0% | New Delhi, Delhi, India | |||
| Tata Steel BSL Limited | ₹21,510 Cr (FY 2021) | 18.0% | New Delhi, Delhi, India | |||
| Rashtriya Ispat Nigam Ltdthis company | ₹18,763 Cr (FY 2025) | -₹1,432.58 Cr | -7.6% | -20.0% | 14,056 | Visakhapatnam, Andhra Pradesh, India |
| Orissa Metaliks Private Limited | ₹16,536 Cr (FY 2024) | 4.0% | Kolkata, West Bengal, India | |||
| Jindal Stainless (Hisar) Limited | ₹15,130 Cr (FY 2022) | 59.0% | Hisar, Haryana, India | |||
| Rungta Mines Limited | ₹14,064 Cr (FY 2024) | 42.0% | Kolkata, West Bengal, India | |||
| Posco Maharashtra Steel Private Limited | ₹12,059 Cr (FY 2025) | 5.0% | Mangaon, Maharashtra, India |
To see the full peer comparison of Rashtriya Ispat Nigam Ltd, buy the company report.
Auditor
Rashtriya Ispat Nigam Ltd is audited by Grandhy & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Grandhy & Co | FY 2023 | 001007S |
Shareholding
The shareholding of Rashtriya Ispat Nigam Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rashtriya Ispat Nigam Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Feb 2025 | 101044585 | Indian Bank | ₹400 Cr | Open | |
| 17 Jan 2025 | 101044584 | Others | ₹1,000 Cr | Open | |
| 14 Aug 2024 | 100965961 | Others | ₹1,865 Cr | Open | |
| 23 Dec 2019 | 100316184 | Others | ₹1,000 Cr | Open | |
| 23 Dec 2019 | 100316225 | Others | ₹500 Cr | Open |
To see the full charge records of Rashtriya Ispat Nigam Ltd, buy the company report.
Total charge records: 31 View all charges
Deals & funding
Rashtriya Ispat Nigam Ltd has 24 deals on record (22 secondary share transfers, 2 funding rounds), with disclosed funding of ₹7,827.32 Cr; the latest was in March 2022.
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Rashtriya Ispat Nigam Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Rashtriya Ispat Nigam Ltd has 1,811 court cases on record: 570 filed by Rashtriya Ispat Nigam, 1,241 filed against it. 352 cases are pending and 1,459 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1,385 | 1,010 | 291 |
| District courts | 353 | 197 | 55 |
| Supreme Court | 70 | 31 | 6 |
| NCLT | 3 | 3 | 0 |
Cases on record (5 of 1,811)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2402-Indirect Taxation : Central Excise Act, Central Excise Tariff Act) | Filed against the company by Commissioner of Customs Visakhapatnam | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Court case (COS) | Filed against the company by Thermax Limited | Pending |
| High Court of Andhra Pradesh | Court case (EXEP) | Filed against the company by Gillanders Arbuthnot and Company Limited | Pending |
| High Court of Andhra Pradesh | Arbitration matter | Filed against the company by Lloyd Insulations (India) Limited, | Pending |
| District court, Visakapatnam, Andhra Pradesh | Court case (CAOP) | Filed against the company by M/S. Srivalli Shipping and Transport Pvt. Ltd. | Pending |
To see the full case history of Rashtriya Ispat Nigam Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Rashtriya Ispat Nigam Ltd was last rated by Icra on 28 Feb 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 28 Feb 2019 |
To see the full credit ratings and regulatory alerts of Rashtriya Ispat Nigam Ltd, buy the company report.
MSME payment delays
Rashtriya Ispat Nigam Ltd has 14 MSME Form 1 returns on record between 2019 and 2024, listing 3,720 overdue payments to 692 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 692)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shri Balaji Trading Company | |||
| G.S. Alloy Castings Private Limited | |||
| Anil Rubber Mills Private Limited | |||
| Misus Refractories & Allied in | |||
| MPR Refractories Limited |
To see the full MSME payment records of Rashtriya Ispat Nigam Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Rashtriya Ispat Nigam has 3 subsidiary companies and 2 joint ventures. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| The Bisra Stone Lime Company Limited | L14100OR1910GOI033904 | |
| The Orissa Minerals Development Company Limited | L51430OR1918GOI034390 | |
| Eastern Investments Ltd | L65993OR1927GOI034842 |
To see the full group structure of Rashtriya Ispat Nigam Ltd, buy the company report.
Employees & EPFO
Rashtriya Ispat Nigam Ltd has a workforce of 14,056 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Rashtriya Ispat Nigam has 43 GST registrations: 36 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AABCR0435L1ZD | Andhra Pradesh | Active | 01 Jul 2017 |
| 37AABCR0435L1DM | Andhra Pradesh | Active | 18 Nov 2017 |
| 03AABCR0435L1ZO | Punjab | Active | 01 Jul 2017 |
| 04AABCR0435L1ZM | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rashtriya Ispat Nigam Ltd, buy the company report.
Recent activity
Rashtriya Ispat Nigam Ltd has 89 board changes on record since 2007: 11 appointments and 78 cessations. The latest: Prateek Tanwar ceased to be Additional Director on 25 Dec 2025.
146 earlier events are in the company report.
News
From our blog
Frequently asked questions
Rashtriya Ispat Nigam is an active public limited union government company based in Visakhapatnam, Andhra Pradesh, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 18 February 1982 (44+ years old) and is registered under CIN U27109AP1982GOI003404.
Rashtriya Ispat Nigam has 11 current directors:
- Ajit Kumar Saxena - Managing Director
- Ghantasala Venkata Nagambica Prasad - Whole-Time Director
- Salim Govindan Purushothaman - Whole-Time Director
- Vinay Kumar - Whole-Time Director
- Daya Nidhan Pandey - Additional Director
- Ganesh Srvgk Chaluvadi - Director
- Suresh Chandra Pandey - Director
- Vinod Kumar Tripathi - Additional Director
- Arun Bagchi - Director
- Sanjay Roy - Additional Director
- Prateek Tanwar - Director
The latest financial statements of Rashtriya Ispat Nigam on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Rashtriya Ispat Nigam is 37AABCR0435L1ZD, registered in Andhra Pradesh. The company has 43 GST registrations in all, of which 36 are active and 7 are cancelled or inactive. Other active GSTINs include 37AABCR0435L1DM (Andhra Pradesh), 03AABCR0435L1ZO (Punjab), 04AABCR0435L1ZM (Chandigarh).
The CIN (Corporate Identification Number) of Rashtriya Ispat Nigam is U27109AP1982GOI003404. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rashtriya Ispat Nigam has 1,811 court cases on record: 570 filed by the company and 1,241 filed against it. 352 are pending. Most are in the high courts.
Rashtriya Ispat Nigam was incorporated on 18 February 1982, making it 44+ years old. It is registered with the Registrar of Companies, Vijayawada.
Rashtriya Ispat Nigam has 24 deals on record (22 secondary share transfers, 2 funding rounds), with disclosed funding of ₹7,827.32 Cr; the latest was in March 2022.
The peers of Rashtriya Ispat Nigam by revenue are JSW Steel Coated Products Limited, Bhushan Power & Steel Limited, Tata Steel BSL Limited, Orissa Metaliks Private Limited, Jindal Stainless (Hisar) Limited and 2 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Prateek Tanwar ceased to be Additional Director on 25 Dec 2025. Salim Govindan Purushothaman ceased to be Additional Director on 25 Dec 2025. Vinay Kumar ceased to be Additional Director on 25 Dec 2025. Rashtriya Ispat Nigam has 89 board changes on record in total.
Rashtriya Ispat Nigam has 14 MSME Form 1 returns on record between 2019 and 2024, listing 3,720 overdue payments to 692 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Rashtriya Ispat Nigam can be reached through the website vizagsteel.com. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
