Financial Daily from THE HINDU group of publications
Friday, Jul 04, 2003
Financial Daily from THE HINDU group of publications Friday, Jul 04, 2003 |
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Corporate
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Performance Bhilai Steel Apr-June production up 24% Our Bureau
KOLKATA, July 3 THE total saleable steel production of Bhilai Steel Plant (BSP) belonging to Steel Authority of India Ltd during April-June 2003 was 9.89 lakh tonnes marking a growth of 23.8 per cent over the corresponding period of the previous year. In terms of the finished steel production, it marked a growth of 25.8 per cent. This record production also crossed the annual performance plan of BSP by 106.4 per cent. According to a press release issued by BSP, the production of plate mill registered a growth of 72.4 per cent, merchant mill 15.6 per cent and wire rod mill 14.3 per cent. "A 40 per cent growth was registered in heavy structurals' production. Billets production in Q1 also registered a 28.3 growth over the last year. Taking in to consideration the recovery on the price front BSP has also started supplying pig iron in the market," the release stated. Sources in BSP said that April-June is generally a lean season for the steel industry. Still BSP finished the first quarter of 2003-04 with the best ever Q1 performance. Despatch of saleable steel was 9.49 lakh tonnes and loading for direct despatches was 4.53 lakh tonnes. BSP now operates six blast furnaces and produces around 14,500 tonnes of hot metal everyday. In order to meet the sinter requirement due to operation of the sixth blast furnace, BSP decided to rejuvenate the old sinter plant which was closed down after commissioning of the new sinter plant. The sinter plant 1 now produces an average of 2,500 tonnes daily. "In the key area of rails, of the total 1.90 lakh tonnes of finished rail production in the first quarter, the loading of 26 metre loan rail has been 34,662 tonnes. This component will now go up with the commissioning of a flash-butt welding plant taken on a two-year lease from Indian Railways and installed in a record time of three days," the release added.
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