SAIL Durgapur unit expects to be in black this fiscal after 2 decades

摘要

The Durgapur Steel Plant (DSP) of Steel Authority of India Ltd (SAIL) is optimistic of earning a net profit in 2002-03 fiscal, after over two decades of net losses. The SAIL plant earned a cash profit for the past two consecutive fiscals - 580 million rupee in 2000-01 and 350 million rupee in 2001-02. The optimism is based mainly on three factors. First, blast furnace No 3 is being modernised and will be joining the production stream shortly. As a result, annual hot metal production will go up to over 2 million ton (mt). Second, higher production coupled with improvements in techno- economic parameters will reduce the cost of production. Third, increasing demand for long products in the domestic market has firmed up prices and is expected to boost sales realisation with a positive impact on the bottomline.