Amid Agitation Over Privatization, Vizag Steel Plant Sets Another Record

Agitation Against Privatisation Vizag Steel Plant Sets Another Record - Sakshi Post

VISAKHAPATNAM: Even as the agitation against the privatization of Rashtriya Ispat Nigam Limited (RINL), known better as the Visakhapatnam Steel Plant continuing for the past year and which has now reached the portals of Parliament at Delhi, the VSP has set another record between the months of April and July. Steel sales in July stood at a record 540.8 tonnes and were up 35 percent when compared to last year.

RINL said on Twitter that it had sold 1,538,000 tonnes of steel between April and July. It said it had sold 48 percent more in those 4 months compared to last year. The workers have been striving hard to improve productivity and ensure profitability for the company.

Meanwhile, VSPworkers at Jantar Mantar in Delhi has been protesting for the past two days against the privatization of the Visakhapatnam steel plant. The YSR Congress Party MPs and the AP government are standing in solidarity with the workers at Delhi while attending the Parliament Monsoon Sessions.

Also Read: YSRCP MPs Protest Along With Vizag Steel Plant Workers At AP Bhavan For 2nd Day

Other achievements

-Best Ever Monthly Production at new expansion unit, SMS-2: 2,66,127 tons of Liquid Steel & 2,58,124 tons of Crude Steel during the month of July-2021.

-Outstanding Growth of 77% achieved in April-July Domestic Steel Sales volume of 1,122 thousand tons against 634 thousand tons of CPLY.

-Impressive Growth of 121% in April-July Sales Turnover: Rs.7958 Cr. against Rs.3607 Cr, of CPLY. Significant growth of 110% in July: Rs. 2,735Crs against Rs. 1,301Crs. of CPLY.

-Monthly Export Sales Turnover clocked best-ever figure of 827Crs against previous best of 636 Crs achieved in September’20.

-April-July in FY'22 Sales Volume of 1583 thousand tons registered a growth of 48% against 1068 thousand tons of CPLY.

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