Visakhapatnam: The Rashtriya Ispat Nigam Limited (RINL) on Thursday said it has achieved best ever monthly production in August for hot Metal (iron), liquid steel and gross sinter production.
The corporate entity of Visakhapatnam Steel Plant, RINL recorded growth of 18 percent in hot metal, 14 percent growth in liquid steel and 19 percent in gross sinter production, best for any month since its inception, a company statement released here said.
During April-August 2014, improvements were registered in techno-economic parameters like blast furnace productivity being up by 36 percent, total fuel rate by two percent, specific energy consumption by one percent, specific water consumption by six percent and labour productivity by two percent compared to corresponding period last year, it said.
Chairman and Managing Director, RINL, P Madhusudan said that efforts are being made to ramp up the downstream units, and the production is expected to pick up progressively during the coming months.
The production in August, was however, to some extent impacted due to the incessant monsoon rains during the last week, he said.
The company also achieved a turnover of Rs 1,084 crore in August this year, the best in the current fiscal with a growth of 8 percent over the previous month. With this, the cumulative turnover grew by three percent at Rs 4,726 crore during the current fiscal till August against last year's corresponding period of Rs 4,571 crore.
The dispatch of 1,84,000 tonnes of steel by Rail is also the best for any August since inception, the company said.
