Financial Daily from THE HINDU group of publications
Monday, Apr 11, 2005
Financial Daily from THE HINDU group of publications Monday, Apr 11, 2005 |
|
|
|
|
|
Corporate
-
Outlook Bokaro Steel sees rise in turnover Our Bureau
Kolkata , April 10 BOKARO Steel Plant , one of the four integrated units of Steel Authority of India Ltd (SAIL), on Friday announced that it has recorded vast improvements during the 2004-05 financial year. According to Mr U.P. Singh, Managing Director of the plant, the unit is likely to register a turnover of Rs 10,000 crore in the last fiscal against Rs 7,500 crore in 2003-04. He, however, did not disclose the annual net profit of the plant. Instead, he said that in the first three quarters, Bokaro Steel Plant's total net profit was Rs 2,251 crore. "In 2003-04, our net profit was Rs 1,120 crore," Mr Singh told reporters here on Friday. During 2004-05, the plant's hot metal production was 4.132 million tonnes (mt), which is the highest in the plant's history. Crude steel production was 3.835 mt and saleable steel output was 3.524 mt. In the current financial year, the plant has aimed at increasing its hot metal production to 4.65 mt and saleable steel output to 3.8 mt. Meanwhile, the plant has got an in-principle clearance from the board of directors of SAIL for upgrading its cold rolling mill and revamping its hot strip mill, Mr Singh said. According to the SAIL corporate plan, Bokaro Steel Plant's hot metal production is likely to be increased to 6.5 mt by 2011-12. It is also scheduled to become a 100 per cent continuous casting plant. Currently, only 68 per cent of its production takes place through this process and the rest is through the ingot route. "The total investment planned for Bokaro is Rs 10,000 crore in the corporate plan. Some of the activities have already started. For some projects, we have just got the approval. In 2005-06, we would seek approval for another Rs 7,000 crore of projects from SAIL's board of directors," he said.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|