Vizag Steel Plant
(VSP) of the Rashtriya Ispat Nigam Limited (RINL), a public sector
undertaking of the Steel Ministry has achieved excellent performance
in major areas like production, marketing, techno-economics and
financials during April – November, 2002. It earned a net profit
of Rs.147 crore during this period against a net loss of Rs.142
crore in the corresponding period of the previous year. It registered
net profits continuously for the last twelve months.
The Plant registered
an impressive sales turnover of Rs.390 crore in November 2002,
the highest for any month of this fiscal, representing a growth
of 25 per cent over the corresponding month last year. With this
the cumulative sales turnover during April-November 02 was Rs.2772
crore , a growth of 15 per cent over the same period last year.
The domestic sales improved by 11 per cent and exports by 47 per
cent.
VSP produced 2.59
million tonnes (MT) of hot metal, 2.21 MT of liquid steel and
1.95 MT of saleable steel during these eight months recording
excellent growth of 17,13 and 11 per cent respectively over the
corresponding period of last year. The plant recorded best November
performance since inception in the production of sinter, hot metal,
billets, bars, wire rods, finished steel and saleable steel during
November 2002. The Plant achieved high levels of techno economic
parameters during this period termed as the best among Indian
steel industries.
