VIZAG. Shri Vinay Kumar assumed charge as Director (Finance) of Rashtriya Ispat Nigam Limited (RINL) on Thursday. A seasoned finance professional with over 25 years of experience, he holds a BA (Hons.) in Economics and is a Chartered Accountant. He joined the Steel Authority of India Limited (SAIL) in 2001 and has since played a significant role in driving financial, taxation and system reforms across the organisation. His contributions include implementation of VAT, GST, e-invoicing, ERP systems, financial controls and innovative LC discounting strategies, while ensuring strong audit performance.
Prior to joining RINL, Shri Kumar headed key finance functions at SAIL’s Corporate Office, including indirect taxation for all plants and units, contributing to revenue optimisation. He also served as Head of the Market Analyst Group at SAIL’s Central Marketing Organisation, led steel demand forecasting initiatives, and represented SAIL before the Joint Plant Committee and the Ministry of Steel. His extensive experience in financial management, policy implementation and sectoral analysis is expected to strengthen RINL’s financial leadership.
