Vizag Steel sales up during April-Aug

Visakhapatnam Steel Plant achieved a sales of Rs 3,431 crore during the April-August 2007 period, registering a growth of 7 per cent, over Rs 3,198 crore during the same period, last year.

Sale of 5,03,684 tonne of value-added products during the period was up 20 per cent over the corresponding period last year, the company stated in a press release here today. Projects sales stood at 2,56,360 tonne, up 22.4 per cent over the corresponding period last year.

Addressing the shareholders at the company's 25th annual general meeting today, PK Bishnoi, chairman-cum-managing director , said the company had embarked on the expansion programme. It would double its capacity from 3 million tonne to 6.3 million tonne.

Besides, he said the Corporate Plan 2020 had been finalised, which aims to take the capacity of the plant up to 16 million tonne by 2020.