Steel Authority of India Ltd today said that its production of value-added steel rose 4 per cent to over 5 million tonnes in 2012-13 fiscal as it added several new products in its portfolio.
The company had produced 4.83-mt value-added steel — especially designed products for specific end-use — in 2011-12.
“FY 2012-13 closed on a good end for SAIL as the company registered 4 per cent growth in the production of value-added steel over last fiscal. SAIL remained at the forefront...by producing over 5 mt of these special steel products,” the company said in a statement.
It further said that its energy consumption grew 3 per cent last fiscal, while its blast furnace productivity was up 5 per cent. It, however, did not disclose the production figures for hot metal, crude steel and saleable steel.
INO project
SAIL said its Bhilai steel plant had developed special soft iron magnetic plates last year for the India-based Neutrino Observatory (INO) project of Bhabha Atomic Research Centre (BARC).
The INO project is considered to be one of the biggest experimental nuclear physics projects undertaken in the country and SAIL has proposed to supply 50,000 tonnes of soft iron plate for the project.
Besides, its Bokaro and Salem steel plants started production of certain grades of hot rolled coils which are tailor-made for the wagons of Indian Railways, while the Bhilai and Rourkela plants developed a new grade plates which finds application in pressure vessels.