The Rourkela Steel Plant (RSP), a unit of SAIL, has registered the “best-ever” production performance for the April-October period in the current fiscal in three key segments of hot metal, crude and saleable steel.
During the first seven months of the 2021-22 fiscal, the plant produced 24,63,448 tonnes of hot metal, 22,96,815 tonnes of crude steel and 20,90,372 tonnes of saleable steel, it said in a release on Friday.
It achieved remarkable growth of 30.7 per cent, 31.1 per cent and 35.3 per cent respectively over the corresponding period last year.
The earlier best April-October performance in all these segments was achieved in FY19.
The dispatch from the steel plant also excelled in tandem with production.
The RSP supplied 21,04,541 tonnes of saleable steel, achieving the “best-ever” figure in the first seven months of FY22.
The plant registered an overall growth of 27.8 per cent in dispatch in the April-October period over the same months last year.
Amarendu Prakash, Director in-charge, Bokaro Steel Plant and Rourkela Steel Plant, said, “Let’s sustain the momentum to reap rich dividend from the prevailing favourable market condition.”
“Our focus needs to be on further enhancing the techno-economics to negate the impact of an increase in imported coal cost. The recommencement of hot strip mill-2 would help RSP explore niche segments and reinforce its presence in the global market, he added.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.