Bhusan Steel one of the largest Cold Rolled Coil (CRC) manufacturer of the country is to start operation in its new plant having installed capacity of 5 million tons (MnT) by Q1FY15.
Current operations of the company stand at 2.2 MnT. Nitin Johri, CFO, Bhushan Steel expects the commercial production from the new five million tone plant to commence from first quarter of FY15. He expects this added capacity to multiply the turnover, EBITDA and profitability of the company, says Johri.
He is confident of maintaining sales growth for cold rolled coil (CRC) going forward. CRC showed a 14-15 percent growth. The slowdown in sales volumes in Q2 was only on account of lower sales in hot rolled coil (HRC) and not CRC. Because HRC was used in the company’s own plant instead of selling in market, adds Johri
Sourced
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