Visakhapatnam Steel Plant sales go up by 88%

Visakhapatnam Steel Plant (VSP), belonging to Rashtriya Ispat Nigam, sold 3.26 lakh tonne of saleable steel during April-May 2011, up 88% over the corresponding period last year.

According to a press release issued by the VSP, the byproduct sales of Rs 67 crore were achieved during the period, at a growth of 12%. The sales turnover for April-May 2011 stood at Rs 1,465 crore, registering a growth of 99% over the corresponding period last year.
The sales turnover of Rs 950 crore achieved during May this year, was described as the Best May Performance since inception.
During May this year, it registered a sales volume of 32,000 tonne of high-end value-added steel, registering a growth of 45% and project sales of 53, 300 tonne, registering a growth of 47% over the corresponding month last year.