Ispat To Focus On Value-Added Product Segment

Mumbai, Aug 29: | Updated: Aug 30 2003, 05:30am hrs
With Ispat Industries Ltd (IIL) back in the black, the company aims to focus largely on the value-added products segment and plans to increase its production in this segment in the coming months. It has set a target to dedicate at least 25 per cent of its entire production for value-added products in the future. At present, 10-15 per cent of its production constitutes value-added products.

According to company sources, the company is also in the process of setting up its sinter plant at Dolvi (a part of its capex expansion plan) which should be completed by mid-2004. This, Ispat feels, will lower its operational costs by about Rs 3,000 per tonne of steel produced.