Durgapur Steel Plant (DSP), the integrated steel plant of the Maharatna PSU, SAIL reported to have surpassed its production target of April 2013. Continuing its performance in last fiscal where DSP ended the year as its best performing year since inception, in terms of production, this year too the trend continues.
On last Friday, DSP reported to have produced hot metal, crude steel and saleable more than its targets in April. In hot metal production, DSP recorded a growth of four percent, in crude steel production a growth of six percent has been registered and in saleable steel production, a growth of one per cent has been recorded over the corresponding period last year.
Moreover, DSP’s April output of finished steel comprising of structural products (angles, channels and joists), earthquake-resistant TMT bars, wheels & axles recorded a growth of 35 per cent. This will definitely have a positive impact on the financial balance sheet of the company.
“With the all-time best production performance in the previous financial year 2012-13, a new trend has been set in DSP,” said P.K. Singh, the CEO of DSP. The production surpassed targets in major areas during April, was in sync with the strategy to sustain the improvements at the plant, he added.