Try GOLD - Free
RSP Sets ₹361 Cr Profit Target in 2025-26 Fiscal
The New Indian Express Jeypore
|May 13, 2025
TREADING cautiously after reportedly surviving a scare of major loss in 2024-25 financial year, the Rourkela Steel Plant (RSP) of SAIL has set a moderate profit before tax (PBT) target of ₹361 crore for 2025-26.
In 2024-25, RSP had projected a PBT target of ₹1,008 crore but ended up suffering heavily due to the adverse steel market conditions. While RSP's production was at the peak, it suffered from a drastic drop in net sales realisation (NSR) of its products due to cheaper availability of imported steel in the domestic market.
Reliable sources in the RSP said in the first nine months of 2024-25 (April to December 2024), the blue chip unit of SAIL had incurred a loss of around ₹145 crore. With improvement in performance in Quarter 4 (January to March 2025), RSP managed to thwart the fear of major loss.
This story is from the May 13, 2025 edition of The New Indian Express Jeypore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Jeypore
The New Indian Express Jeypore
Nothing mini about auction as franchises look to rebuild
CSK, KKR have high purse value and are keen to put together a core group of players; teams like MI, PBKS and GT, meanwhile, will like to add some back-ups
4 mins
December 16, 2025
The New Indian Express Jeypore
Mamata can't be univ chancellor, Murmu rejects bill to replace Guv
THE West Bengal government suffered a major setback on Monday after President Droupadi Murmu disapproved the West Bengal University Laws (Amendment) Bill, 2022.
1 min
December 16, 2025
The New Indian Express Jeypore
Lack of road for ambulance leaves pregnant woman, unborn child dead
A pregnant tribal woman, Sukri Kumari, and her unborn child were killed in Jharkhand's Gumla due to a lack of roads in the village.
1 min
December 16, 2025
The New Indian Express Jeypore
India's trade deficit falls to 5-month low of $24.53 bn in Nov; export rises by 15%
INDIA'S trade deficit in November has declined to a five-month low of $24.53 billion in November, primarily due to the fall in gold, oil and coal imports, while there has been a considerable rise in the exports to the US, showed the data released by by the Ministry of Commerce on Monday.
1 min
December 16, 2025
The New Indian Express Jeypore
Nabin takes charge; Shah, Nadda welcome new prez at party HQ
A day after being named as BJP's new working president, Nitin Nabin took charge of his new responsibility at the party headquarters here on Monday in the presence of Home Minister Amit Shah and outgoing national president JP Nadda.
1 min
December 16, 2025
The New Indian Express Jeypore
MTNL approves sale of ₹350-cr Mumbai assets
STATE-owned telecom service provider Mahanagar Telephone Nigam Limited (MTNL) on Monday announced the approval of the sale of its residential property located in Bandra Kurla Complex (BKC), Mumbai, as part of its asset monetisation plan.
1 min
December 16, 2025
The New Indian Express Jeypore
2 Babbar Khalsa terrorists held from Mumbai
THE Punjab Police have arrested from Mumbai two gangsterturned-terrorists linked with the banned terrorist organisation Babbar Khalsa International (BKI), and operating from overseas locations.
1 min
December 16, 2025
The New Indian Express Jeypore
LAD funds of 3 Raj MLAs frozen on graft allegation
THE Rajasthan government on Monday seized Local Area Development (LAD) Fund accounts of three legislators and ordered an inquiry amid allegations that hefty commissions being demanded in exchange for sanctioning works under the scheme.
1 min
December 16, 2025
The New Indian Express Jeypore
₹ fall deepens as it closes at 90.73/$, weakens by 0.34%
THE rupee continued to weaken for the fourth consecutive day, breaching 90.75-mark during the intraday trade and closing at record low of 90.73 per dollar on Monday.
1 min
December 16, 2025
The New Indian Express Jeypore
India opens battlefields to tourists along China border in Sikkim
INDIA on Monday formally opened the historic Cho La and Dok La passes in Sikkim, launching regulated battlefield tourism along the sensitive border with China.
1 min
December 16, 2025
Listen
Translate
Change font size