Indian mill VSP posted improved results

Indian mill VSP posted improved results

Indian steel producer Visakhapatnam Steel Plant (VSP), operated by Rastriya Ispat Nigam Ltd (RINL) has recently posted its April-December 2003 results. Accordingly, the company achieved a gross margin of Rupees 12.48 billion ($276 million). The company reported its cash profit as Rupees 11.99 billion ($265 million) and net profit as Rupees 8.6 billion ($190 million) in the aforementioned period. The sales turnover of the company increased by 27% to Rupees 41.43 billion ($916 million) against the corresponding period of previous year. These results are stated to be the best results of the company.