Durgapur Steel Plant declared 15 % increase in profit

KOLKATA: Durgapur Steel Plant (DSP), one of the integrated steel plants of Steel Authority of India Limited, reported that the company has witnessed 15 per cent of growth to Rs 503 crore in profit before tax in the financial year of 2011-2012, as against Rs 437 crore in the last financial year.

Foreign exchange rates have undergone a lot of fluctuation during the current year. According to a press release, the Chief Executive Officer of DSP, P. K. Singh, stated that DSP had been able to sustain development both in turnover and profit in spite of these variations.

The plant has posted an increase of 12 per cent in gross revenue amounting to Rs 6,983 crore in the financial year 2011-2012.