August 30, 2008

SAIL RSP geared up for record performance in 2007-08

SNS reported that Steel Authority of India Limited’s Rourkela Steel Plant is all set to establish new records in its performance during 2007-08 after completing a sterling performance during February 2008 and also set up all time best performance for the period April 2007 to February 2008 as compared to any corresponding period since inception.

In February 2008, RSP recorded production of 284,085 tonnes of sinter up by 27% YoY, 186,720 tonnes of hot metal up by 13% YoY, 179,217 tonnes of crude steel up by 13.5% YoY and 171,584 tonnes of total saleable steel up by 15.8% YoY. It has dispatched 175,537 tonnes of steel during February 2008 up by 18% YoY.

It has achieved record production by surpassing its annual rated capacity production in hot metal, crude steel and saleable steel during April 2007 to February 2008 period for the first time since its inception. During the period, it has dispatched 1.84 million tonnes of steel up by 3.9% YoY.

RSP had commenced the financial year 2007-08 with the strategy of maximizing its volume of production by operating at over 100% of annual rated capacity to bring down production costs for maximizing its profitability.