SPECIAL REHABILITATION PACKAGE FOR BRL
The Government has
approved a comprehensive rehabilitation package for Bharat Refractories
Ltd. (BRL), Bokaro, containing assistance for implementing VRS,
payment of outstanding statutory dues, guarantee for working capital
loans and investments for annual maintenance repair (AMR). This
was declared today by the Minister for Steel Shri Braja Kishore
Tripathy while reviewing the 2001-02 performance of BRL. The details
of the package, he said, will be communicated to the company very
soon.
He said that the package
aims to help the company improve its productivity, cut costs and
achieve higher capacity utilisation through increased working
capital and investments in AMR. With this the company should be
able to overcome its problems and rise as a low cost producer
of quality refractory products and re-establish itself as a market
leader. The Minister asked BRL to harness its inherent strengths
properly and achieve a successful turnaround.
BRL during 2001-02
tried to arrange input material to the extent possible with available
resources and produced 29,425 tonnes valued at Rs.46.41 crore
and despatched 31,390 tonnes valued at Rs.49.80 crore. The net
loss of the Company reduced by Rs.12 crore during the year due
to reduced manpower and other cost control measures implemented
vigorously.
BRL reduced the manpower
by further 230 employees with the grant received from Government
of India during the period. Inspite of adverse market condition,
BRL could secure order for supply of Magnesia Carbon Bricks for
300 tonnes LD converter of Bokaro Steel Plant (BSL) on turn-key
basis.
The Company tried
to produce value added items as required by SAIL Steel Plants
and RINL. The Resin Bonded Mudgun Mass was supplied during the
year to TISCO and BSL also. Blast Furnace Trough Management at
Bhilai Steel Plant and Bokaro and Tundish Management at BSL are
two other important areas where BRL has proved their capability.
BRL also developed Hoogoven Checker Bricks and done trial production
during the year. Encouraged with this, some special equipments
was also ordered to be installed so that in future the requirement
of Hoogoven Checker Bricks of SAIL can be taken care of. With
the help of Bhilai Steel Plant, Magnesia Carbon Bricks for converter
and VAD Ladle was produced and supplied from Bhilai Refractories
Plant (BRP) during the year on conversion cost basis.
