VISAKHAPATNAM: Rashtriya Ispat Nigam Limited, the corporate entity of Visakhapatnam Steel Plant (VSP) has achieved 18 per cent growth in hot metal production in August, the best for any month since inception. It has also registered 14 per cent growth in Liquid Steel and 19 per cent growth in Gross Sinter production, the best as well, for any August since its inception.
Chairman-cum-managing director of RINL P Madhusudan has said that efforts are being made to ramp up the downstream units and that production was expected to pick up in the coming months. The production during the month got adversely impacted to some extent due to incessant monsoon rain last week, affecting raw material transportation and captive power generation, resulting in curtailed production, he explained.
Blast Furnace - 1
The upgraded Blast Furnace-1 (Godavari) has been under regular operation since blowing-in on last July 30 and has already reached 75 per cent of its rated capacity by producing 5,000 tonnes of hot metal per day within 25 days of its operations.
RINL has achieved a turnover of Rs 1,084 crore in August, 2014, the best in the current fiscal with a growth of 8 per cent over the previous month of Rs 999 crore. With this, the cumulative turnover grew by 3 per cent at Rs 4,726 crore during 2014-15 upto August, when compared to Rs 4,571 crore during the corresponding period last year (CPLY).
Exports at Rs 192 crore are at their best in the current fiscal with a growth of 160 per cent during the corresponding period last year. With this, total exports during the current fiscal reached Rs 385 crore as against Rs 139 crore CPLY.
The dispatch of 1,84,000 tonnes of steel by rail is also the best for any August since inception.