BSP Registers Rs 362.47 Crore Exports In First Half Of 2003-04

Kolkata, November 4 | Updated: Nov 5 2003, 05:30am hrs
Bhilai Steel Plant (BSP) of Steel Authority of India Ltd (SAIL) is all set to increase its exports to Rs 439.66 crore during the first seven months (April-October) of the current fiscal, which is 60 per cent higher than Rs 274.87 crore exported during the corresponding period of the previous fiscal.

During the first half (April-September) of this fiscal, BSP exported Rs 362.47 crore as against Rs 220.19 crore in the corresponding period of previous fiscal, while in October, the export figure was Rs 77.19 crore, against previous Octobers Rs 54.68 crore.

In the first half of this fiscal, BSP exported 1,62,640 tonne of plates valued at Rs 223.74 crore, 98,605 tonnes of billets worth Rs 116.24 crore and 16,788 tonnes of wire rods worth Rs 22.49 crore.

The export destinations for plates were Korea, China, Italy, Japan, Singapore, Philippines and Nepal. Billets were exported to Thailand, Sri Lanka, Vietnam, Nepal, as well as to the South East Asian countries like the Philippines, Malaysia and Thailand and Far Eastern countries like Japan and Korea. Wire Rods were exported to China, Nepal and Myanmar. Korea and China were the largest importer of plates, while Nepal remained the highest importer of Bhilais billets and wire rods, a senior BSP official told FE.The plant exported 60,033 tonnes in October this year. It shipped 31,052 tonnes of plates to Korea and UAE, 985 tonnes of wire rods to Nepal and 27,996 tonnes of billets to South East Asian countries, as well as to Sri Lanka and Nepal during the said month. During 2002-03, Bhilai was the highest exporter among SAIL plants with the export figure of Rs 530 crore. Incidentally, the plants wire rod exports grew from 9,524 tonnes in 2001-02 to 23,135 tonnes in 2002-03. The plant exported wire rods to China for the first time in May this year.

BSP has spread its wings overseas in a big way. In the last fiscal, apart from China, BSP has ventured into various new markets, namely Philippines, Sri Lanka, Thailand and some South East Asian countries for its billets.