Visakhapatnam Steel Plant (VSP) registered a record sales turnover of Rs 11,372 crores during the period April 2011-January 2012, which represents a growth of 24 percent over the corresponding period last year.
The sales turnover corresponds to 124 percent fulfillment of MOU target committed with the Ministry of Steel, Government of India.
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VSP had made yet another record of posting sales turnover of Rs 1,428 crores during January, 2012 which was the best ever January since inception. Further, during the month of January 2012, inventory of saleable steel has been reduced by 44 thousand tonnes, according to a release.
VSP had been registering sales turnover of more than Rs 1,000 crore month after month continuously from June, 2011 onwards.
Chairman and Managing Director of VSP, AP Choudhary, while expressing happiness over the performance of the plant congratulated the Marketing Collective for achieving excellent performance in commercial activity.
The VSP could achieve this performance in spite of the difficult market conditions both in the domestic and international markets being subdued. Such consistently high performance in sluggish steel market was mainly due to dynamic market mix, strong team work and focus on customer service, he said in a release.
During the period VSP has expanded the Distribution Network by opening of two new Consignment Sales Agency outlets at Bhopal and Jabalpur. The Hyderabad stockyard with the new Railway siding inside the yard was opened in the month of January, 2012 to allow the Railway wagons to come inside the Stockyard facilitating faster unloading the materials and improving the customer service.
VSP has also added six new Rural Dealers during January 2012 taking the total number of Rural Dealers to 223, the release added.
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