Steel Authority of India’s (SAIL) relentless drive to fast-track its modernization and expansion plan (MEP), resulted in commissioning of projects worth Rs 2,700 crore in April-June’13, the highest in any quarter , since inception. The company’s capital expenditure during Q1FY14 was Rs 2,082 crore. Under the MEP, the cumulative orders worth Rs 58,579 crore were placed and an expenditure of Rs 46,064 crore incurred until June ’13. In April-June’13 quarter, the significant projects which have commenced production, included the new 7 meter tall battery complex along with coke dry cooling plant and the 2500-mm wide slab caster, both at Rourkela Steel Plant.Besides, maintaining its thrust on higher sales, the company achieved a growth of 5% in total sales during the quarter April-June’13 which were 2.62 million tonnes (MT), as against 2.49 MT in the corresponding quarter of last year. Production of value added steel touched the best ever Q1 mark, at 1.29 MT, a y-o-y growth of 4%.
Further, efficiency in production also got a boost with specific energy consumption lower by 2% than corresponding period of last year, and BF productivity better by 1%. There was an improvement of 2% in concast production, and captive power generation increased by 8 % compared to corresponding period of last year.
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