STEPS TO IMPROVE PERFOMANCE OF VSP
VIZAG Steel Plant
(VSP) of the Rashtriya Ispat Nigam Ltd. has improved its performance
during the last two years which has reduced the net loss substantially.
It has made a cash profit of Rs. 339 crore during 2001-02, which
is the best since inception. It achieved rated capacities in all
production areas and a record turn over of Rs. 4077 crore during
the year. It has also shown best sales turn over of Rs. 298 crore
in the first month of the current financial year.
The Plant has taken a number of steps to further
improve its working and profitability.
The steps are : increasing the production level, introducing cost
reduction measures, better marketing strategy to increase net
sales realization, concentrating on sale of value added products,
reduction of capital related charges and diversification of product
mix.
