Steel Minister, Birender Singh, has admired RINL for registering impressive growth during previous financial year 2016-17. RINL's Visakhapatnam Steel Plant (VSP), has recorded an impressive performance on all fronts of its operations and sales in the concluded financial year 2016-17. Steel demand would grow in the coming year, said the CMD, RINL, while releasing the report in Visakhapatnam on Thursday.
According to the report, VSP achieved a growth of 11% in Hot Metal production, 10% in Liquid steel, 16% in Finished steel and 10% in Saleable steel production during 2016-17. Another notable achievement is production from Wire Rod Mill-2, which recorded a growth of 43%. Gross Sinter production touched 6-million-ton mark, representing a growth of 5%.
As far as Techno-economic parameters are concerned, VSP registered a growth of 28% in Blast Furnace productivity, 9% in Labour Productivity and 5% reduction in Specific Water Consumption when compared to the CPLY.