SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rashtriya Ispat Nigam hikes steel prices by Rs 500 per tonne

05 Dec 2012 Evaluate

In view to align the domestic price with landed import, State-run Rashtriya Ispat Nigam has hiked steel prices by Rs 500 per tonne from December 1. The company, registering a growth of 5 per cent, achieved sales turnover of Rs 1,085 crore in November and registered 13% growth in by-product’s sales of Rs 364 crore. The thrust was on achieving higher sales through its rural network, resulting in 59 per cent growth in rural sales during the month.

Rashtriya Ispat Nigam (RINL), also known as Vizag Steel, is an Indian government-owned steel producer. Based in Visakhapatnam, RINL has been awarded the Navaratna status, with accompanying autonomy of operations, due to its strong financial performance.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×