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BSP’s rail production capacity goes up significantly

| | Bhilai | in Raipur

The capacity to produce rails at Bhilai Steel Plant (BSP) has reached 2 MTPA from 0.8 MTPA after modernisation.

Notably, Prime Minister Narendra Modi will dedicate to the nation the modernised and expanded BSP in the steel city on Thursday, officials informed.

This would be the third plant of SAIL which the Prime Minister will dedicate to the nation. In 2015, he had dedicated Rourkela and IISCO steel plants.

Notably, SAIL has the highest rail making capacity of 2.0 Million Tonnes Per Annum (MTPA) at one location –the Bhilai Steel Plant (BSP), officials informed.

Commercial production of world class 130 metre long rails from the new Universal Rail Mill of BSP began in November 2016.

The new URM established at a cost of about Rs 1200 crore is part of SAIL-Bhilai Steel Plant’s modernization programme that would scale up capacity to 7 million tonnes per annum (MTPA).

Notably, the world’s longest 130 metre rails rolled at the new Mill are welded at the new Rail Welding Plant adjacent to URM and loaded for despatch from the Mill’s loading complex.

The new 1.2 MTPA Universal Rail Mill would help SAIL to meet the increased demand for 260 metre rails from the Indian Railways.

Bhilai is also a major producer of large variety of wide and heavy steel plates and structural steel.

With an annual production capacity of 3.153 MT of saleable steel, the plant also specialises in other products such as wire rods, merchant products, earthquake-resistant grade of TMT and heavy structurals including channels and beams.

At BSP, Rail Welding Line, Ore Handling Plant Part-A, 2nd Sinter Machine in Sinter Plant-3, Coke Oven Battery -11 and Universal Rail Mill are in regular operation. Hot-trial of Bar Mill has started, officials informed.

Notably, SAIL announced its financial results for the fourth quarter of the Financial Year 2017-18 (Q4 FY18) and for FY18. After returning to profits in Q3 FY18, the Company in Q4 FY18 recorded a Net Profit of Rs.816 crore reaffirming SAIL’s positive performance. This comes after making a provision of `582 crore towards enhanced gratuity recently approved by Government of India.

All the five integrated steel plants of the Company have also recorded individual profits in Q4 FY18. SAIL management’s sustained efforts for process integration starting from production till reaching the customers, the intensive marketing efforts along with ramping up of  production and stabilization of new mills are all yielding results and a novel end-to-end approach with its new product offerings is helping the Company achieve a stronger position.

Company’s Net Turnover in Q4 FY18 of `16,811 crore saw an increase of 34% over CPLY. The Q4 FY18 EBITDA at `2,624 crore, a humongous growth over Q4 FY17, is highest in the last twenty-seven quarters. The EBITDA per tonne of sales for Q4 FY 18 is Rs.7020 . The total sales volume in Q4 FY18 was 3.738 Million Tonnes (MT) which increased by 8.4% over CPLY.

Slimming the losses by around 83% in FY18, the Profit After Tax on standalone basis improved to Rs. (-) 482 Crore from Rs. (-) 2,833 crore in FY17. The consolidated profit after tax of the Company stood at Rs. (-) 281 crore for FY18 as against Rs. (-) 2,756 in CPLY. The strategic and persistent approach to improve operational profitability assisted SAIL to stay EBIDTA positive in FY 18; recorded at Rs.5,184 crore. The Company registered highest sales volume for the year in FY18 at 14.08 MT which is higher by 7.4% over CPLY.

SAIL’s performance on the production front recorded highest ever quarterly crude steel production of around 4.0 MT in Q4 FY18 with a growth of 6% over CPLY. In Q4 FY18, highest quarterly Concast production of 3.406 MT with growth of 8% over CPLY was also recorded. In the same quarter, the best ever quarterly Coke Rate recorded a reduction of 3% over CPLY, BF productivity was higher by 4% over CPLY and Specific Energy Consumption improved to 6.38 Gcal/tcs, lower by 2% as compared to CPLY.




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