Sunday July 20, 02:04 AM
Bhilai sets records
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The Bhilai Steel Plant of Steel Authority of India Ltd has reported its best ever production of finished rail, merchant rounds & bars, total merchant products, wire rods and total finished steel in the first quarter of the current fiscal, 2008-09. The plant, SAIL's largest and most profitable unit, said the first quarter's performance was a continuation of its record show in 2007-08. SAIL is due to announce its financial results for the quarter to June 30, 2008, on Monday. According to a statement, the cumulative production of high tensile plates for home sales, total high tensile plates, electrode quality wire rods, TMT wire rods, TMT bars and total TMT bars & rods in during the quarter ended June 30, 2008, have surpassed all previous records. In 2007-08, Bhilai had recorded a 98.3% growth in production of TMT bars and 152.7% growth in TMT wire rods production. In 2008-09, not only has it sustained higher levels of production, the Fe 500 grade of TMT bars are now being made available to the customer with earthquake-resistant (EQR) properties. The merchant mill produced 1.47 lakh tonne, against its Q1 annual business plan target of 1.24 lakh tonne, to meet the increased orders for its TMT-HCR (high corrosion-resistant grade) and TMT-EQR in Fe 500 grade.
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