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SAIL's RSP gainfully utilises idle asset to save cash outflow

The Oxygen Plant collective of SAIL's Rourkela Steel Plant (RSP) has gainfully utilised an idle asset thereby saving cash outflow of about Rs 16 lakhs

Rourkela: The Coronavirus (COVID-19) pandemic has affected the financials of every organisation and SAIL's Rourkela Steel Plant (RSP) is no different. Keeping in view the challenging times through which the Plant is passing, employees are coming forward to contribute their mite for achieving cost optimisation and saving cash outflow.

In line with this, the oxygen Plant collective has gainfully utilised an idle asset thereby saving cash outflow of about Rs 16 lakhs.

It is worth mentioning here that the oxygen production from Unit-I of oxygen Plant was stopped in 2010 after the commissioning of 700 tonnes per day oxygen Plant, ASU-III in Unit-II. The cold box units of the unit were written off and sold as an idle asset. However, one damaged PN-2 booster column weighing about 2.5 tonnes couldn’t be disposed of off as it was not part of the complete ASU.

As Steel Melting Shop-II uses copper for making special steel, the department was approached to consume the copper of the booster column. However, the bulky booster column could not be used directly and cutting of the copper needed specialised tools that were not available in-house. The copper scrap was to be provided in the sizes of  600 millimetre X 800 millimetre. 

During the lockdown period, a team of employees of Oxygen Plant, Unit-1 took up the challenge of completing the job of gainful utilisation of the idle asset. The team led by DGM UK Bhujabal (Oxygen Plant) DGM cut the booster column into required sizes of small copper pieces in the shortest possible time of two days with the assistance of a contractor Messrs Natraj Brothers. The cutting and disposal work was carried out on May 13 and 14 in G Shift in the presence of CISF personnel.  

The material met the critical requirement of copper scrap in SMS-II and also helped in saving Rs. 16 lakhs, which would have otherwise been spent by the company to buy copper.

Disclaimer: This story is a press release and is being published without any editing by PSU Watch desk. Our editorial team has only changed the headline.