ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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BASF INDIA-Higher Profit

BASF INDIA-Higher Profit

Steel plant's output of billets/blooms during the period was only 1,52,915 tonnes compared to 2,40,282 tonnes in the previous year, an annualised decline of 15 per cent, since furnace operations had to be restricted on account of shortage of scrap. Sales value of rolled products, however, showed an annualised increase of 42 per cent over the previous year. The increase was due to (a) accelerated shift in product-mix towards high-value items of alloy, special and stainless steel, (b) increase in selling price effected to recover, though only partly, the increase in the costs of inputs, and (c) physical reduction in work in process and inventory of finished goods. Production from ultra high power furnace further improved with the success of sequence casting in bloom caster. Strengthening of vacuum degassing helped increase the output of alloy and stainless steel. Sales value registered an annualised increase of 19 per cent. Flow of orders from the Indian Railways continued to be erratic and prices unremunerative. Sales value of the machine building division showed an annualised increase of 51 per cent over the previous year. The company won a prestigious order for continuous barge unloader from Mormugao port trust valued at Rs 52 million. The equipment will be built to the designs of Drave Wellmen Company, USA, world leader in these and other bulk material handling equipment. Value of contracts executed by the engineering construction division during the period registered an annualised increase of 13 per cent. The division has orders on hand worth Rs 60.50 million as at the end of the period.

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