VISAKHAPATNAM: Rashtriya Ispat Nigam Ltd (Visakhapatnam Steel Plant) produced 2.52 lakh tonnes of saleable steel during August this year, recording a growth of 9 per cent over August-2009.
During the five months of April-August 2010, VSP produced 12.23 lakh tonnes of saleable steel which is also higher compared to corresponding period last year.
According to a spokesman of RINL-VSP, the company's thrust continues to be on ‘value added steel'. During August this year, the production of ‘value added steel' was 2.14 lakh tonnes compared to 1.63 lakh tonnes in August last year, registering a growth of 31 per cent and ‘best August' since inception.
The production of VAS for the five months of April-August-2010 also touched a million tonnes registering a growth of 4 per cent, he said. With the larger availability of ‘VAS products', better customer services and strategic marketing, RINL-VSP sold 3.57 lakh tonnes of steel in August-2010, a growth of 32 per cent over July- 2010 and 7 per cent over the corresponding period of August-2009, to achieve the highest monthly sales in the current financial year.
Progress of expansion got further stepped up with the commissioning of permanent 220 KV power supply system and other equipment.
With the dispatch of balance equipment from China, Russia and USA, the total supply from import sources will get completed. RINL-VSP is all set to commission its first stage of expansion during the current financial year.
For the next phase of expansion to 11 million tonnes per annum, the tender was also issued for finalisation of consultant for preparing the feasibility report.
CMD P.K. Bishnoi complimented RINL-VSP collective, for ‘rising to the occasion' and appealed to the collective to desist from the proposed strike by some of the trade unions.
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