CITU Calls For RINL Rebar Retail Stores In Vizag

- Dec 11, 2018-

The Hans India reported that Centre of Indian Trade Unions (CITU), the recognised trade union of Visakhapatnam Steel Plant, has appealed to the management to open the retail sales outlets in the city to benefit the steel consumers in the North Andhra Region. It is for the first time in the Visakhapatnam Steel Plant's history, that a proposal mooted for establishment of a retail sales counters in the city. The CITU leaders pointed out that when the Hindustan Petroleum Corporation Limited (HPCL) Visakh Refinery and Visakha Dairy, the second largest milk business establishment, selling their products directly from retail outlets, why can't the Visakhapatnam Steel Plant open retail sales counters? 

VSP management is taking several business plans and strengthening the distributors to ensure more steel sales. In fact, there is no Maximum Retail Price (MRP) on the steel products. The distributors are fixing their own price according to the demand and supply. Currently, at an average, one tonne of steel is being sold at INR 43,000 which is INR 40,000 at the plant. As there are no retail counters, the steel consumers and steel plant officers and employees are purchasing the steel by paying as per the distributor price.

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