Vizag Steel sales turnover up

Visakhapatnam Steel Plant's (VSP) cumulative sales turnover from April 2005 to Jan 2006 reached Rs 6,424 crore, representing a growth of 4 per cent over Rs 6,180 crore recorded in the corresponding period last year.

This includes a 174 growth in export sales to Rs 368 crore as compared to Rs 134 crore in the corresponding period last year, according to a press release. During the current year, the steel plant is aiming at a turnover of about Rs 8,000 crore, including exports.

The steel plant's sales turnover was at Rs 864 crore in January 2006, up by 11 per cent over Rs 780 crore in the corresponding month of last year, the press release added. A labour productivity of 291 tonne/man year in January 2006 reflects the determination of the employees to enhance their efficiency.

On the production front, VSP achieved a production of 3,63,000 tonnes of hot metal, 3,21,000 tonnes of liquid steel and 2,86,000 tonnes of saleable steel in January 2006.

With this, the cumulative (April'05 to January'06) production of hot metal reached 3.43 million tonnes, liquid steel to 2.96 million tonnes and saleable steel to 2.64 million tonnes, a growth of 7 per cent, 1 per cent and 2 per cent respectively over the corresponding period of the previous year.