On the rupee's depreciation and an increased thrust on overseas shipments, Rashtriya Ispat Nigam (RINL) or Vizag Steel is expecting its export revenue more than doubling around Rs 1,200 crore in the near future.

A top official of the company said that exports during 2012-13 was around 8 per cent of the total volume of iron and steel. This fiscal, more volume of steel is going to be exported. From the existing level of Rs 500 crore, the revenue from exports may go up to Rs 1,000-Rs 1,200 crore.

As the company has ramped up of its production, RINL aims to increase export composition to go up to 15-20 per cent of its product volume in next 3-4 years from 8 per cent in the last fiscal. As per the company, it plans to set up steel processing units in Sri Lanka and other neighbouring countries to roll its billets in these regions.