BSP achieves record production | india | Hindustan Times
Today in New Delhi, India
Aug 23, 2017-Wednesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

BSP achieves record production

For the first time since its inception in 1959, the plant has crossed 5 MT production mark for hot metal as well as crude steel.

india Updated: Apr 03, 2006 18:46 IST

The Bhilai Steel Plant (BSP) of the state-run Steel Authority of India Ltd (SAIL) has achieved the highest ever hot metal and crude steel production during the 2005-06, an official said on Monday.

"In the fiscal year ending March 31, the plant achieved an all-round record performance in production and productivity. The production of hot metal, crude steel and saleable steel went up by 14.8 per cent, 10.3 per cent and 8.9 per cent, respectively, compared to last year," BSP managing director RP Singh told reporters at an annual press conference.

The BSP plant recorded a sales turnover of Rs 79.49 billion and a net profit of Rs 21.75 billion for the first nine months of 2005-06 up to December 2005, Singh said.

The plant has produced 5.178 million tonnes (MT) hot metal, 5.05 MT crude steel and 4.29 MT saleable steel.

For the first time since its inception in 1959, the plant has crossed 5 MT production mark for hot metal as well as crude steel, becoming the country's only steel unit to achieve the feat, Singh said.

The BSP's record production came against the backdrop of a recurring coal crisis and irregular availability of iron ore in recent months.

"Besides catering to the demand of the domestic market, the plant exported about 292,000 tonnes of saleable steel," Singh added.

The unit exported its products to South Korea, Sri Lanka, Taiwan, Nepal, Myanmar and Bangladesh in Asia, while in Europe its key customers included Britain, Italy, Spain, the Netherlands and Germany.