Rashtriya Ispat Nigam Limited, the corporate entity of Visakhapatnam Steel Plant, achieved a turnover of Rs. 2,661 crore representing a growth of seven per cent over corresponding period last year during first quarter of current fiscal.
On exports front, the company registered an impressive growth of 124 per cent over CPLY.
On the whole, the company achieved a growth of eight per cent in liquid steel and crude steel production during the first quarter.
The power restrictions and power holidays imposed by the Andhra Pradesh Government notwithstanding, the company’s production growth in Q1 was reasonably good. A company release said on techno-economic parameter front, improvements were achieved in Blast Furnace productivity (47 per cent), fuel rate (three per cent), specific energy consumption (two per cent), specific water consumption (five per cent) and labour productivity (one per cent) compared to corresponding period last year.
Carbon emissionsTop recovery turbine for generation of 14 MW of power from top pressure of Blast Furnace gas was commissioned last month.
This results in substantial electrical charge savings and contributes in a sizable way to the reduction of carbon emissions.
This was the second energy saving power unit installed in 2014.
Earlier, unit for generation of 20.6 MW of power from waste heat of Sinter Machines was installed in collaboration with New Energy and Industrial Technology Development Organisation, Japan, first of its kind in Indian steel industry.
RINL Chairman-cum-Managing Director P. Madhusudan expressed confidence that the performance would be ramped up further with stabilisation of expansion units and with the dedicated efforts of RINL collective in the current fiscal.
