Vizag Steel sales turnover up 18 per cent

Visakhapatnam Steel Plant (VSP) clocked a sales turnover of Rs 862 crore in February 2006, registering a growth of 18 per cent, as compared to Rs 728 crore in the corresponding month of last year.

With this, the cumulative (April 2005 to February 2006) sales turnover of Vizag Steel touched Rs 7,281 crore, which represents a growth of 5 per cent as against Rs 6,907 crore in the corresponding period last year. This includes domestic sales of Rs 6,882 crore and exports of Rs 399 crore, according to a press release.

The company has achieved the best-ever performance for any February since inception in production of hot metal, liquid steel, cast bloom, billets, bars, wire rods, saleable steel.

The cumulative production from April '05 to February '06 stood at 3.77 million tonnes in hot metal, 3.28 million tonnes in liquid steel and 2.91 million tonnes in saleable steel, representing a growth of 6 per cent, 2 per cent and 2 per cent respectively over the corresponding period last year.

February also saw the highest-ever labour productivity of 317 tonne/man year, the release said.