Saleable steel production registered a growth of 4 percent with a production of 6.5 million tonnes in Apr-Sept.'13, making it the highest ever H-1 production of saleable steel.
There was an increase of 37 percent in steel exports with a tonnage of 1.9 lakh tonnes achieved in first half of the current financial year as against 1.37 lakh tonnes in CPLY, SAIL said in a statement.
"Durga", the largest Blast Furnace of the country became operational at SAIL's Rourkela Steel Plant in Aug during H-1 and is under stabilization. Built at an expenditure of Rs 1600 crore approximately, the furnace has a useful volume of 4060 cubic metres, and will increase SAIL's hot metal capacity by 2.5 million tonnes per annum (MTPA), the statement said.
Efficiency in production also got a boost with specific energy consumption lower by 1 percent than CPLY, and BF productivity better by 1 percent. There was an improvement of 1 percent in concast production, and captive power generation increased by 2 percent compared to CPLY, it said.
In the month of Sept, a "Cost Optimization Initiatives of SAIL" was launched outlining the road map for achieving an overall saving target of around Rs 5000 crore during the next three years.
Thrust areas identified for continual cost reduction include input optimisation, improving the operational efficiency by optimally utilising the available assets, quick stabilization of the newly commissioned units and reducing overhead costs and enhancing employee productivity.
Commenting on the results, C.S. Verma, Chairman, SAIL expressed confidence that the growth trend in sales and exports would continue in the coming months.
--IBNS (Posted on 02-10-2013)