Tata Iron and Steel Company (TISCO) has bagged the Prime Minister’s Trophy as the best integrated Steel Plant for the year 2001-02. Vizag Steel Plant (VSP) has won the Prime Minister’s Trophy for the year 2002-03.
Vizag Steel Plant has successfully overcome the raw material crisis to record once again its best ever performance on production, marketing and financial front since its inception. The production of liquid steel and saleable steel have surpassed the levels of first half of the last year. All other Production Units continued to perform well beyond rated capacities ranging from 107 per cent to 123 per cent. During the first half of the current financial year, total sales touched Rs.3358 crores. VSP has registered an impressive growth of around 80 per cent in its net profits.
Vizag Steel has the highest labour productivity amongst the integrated Steel Plants in India.
(Release ID :4290)