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Loha Lakshmi

LOHA LAKSHMI REPORT CARD

About this Initiative

SRMB has acquired the status of Primary Producer of Steel & has also introduced block Mill in our state-of-the-art plant at Durgapur. Equipped with this unique production technology, we are producing TMT bars with guaranteed negative rolling margin in respect to laid down BIS criteria of section weight of TMT Bars. This guaranteed rolling margin not only provides the direct cost benefit in terms of extended length of rebars per metric ton but also leads to incredible saving on the purchase of steel. The guaranteed negative rolling margin for SRMB rebars are as follows:

1.  For 8mm & 10mm dia it is -3%

2.  For 12mm-16mm dia it is - 2%

3. For 20mm – 32mm dia it is - 1%

The equivalent amount of the extra weight may be credited in form of value wise credit note to the customer after inspection of the supplied material at the site by SRMB

For your ready reference, given below is a sample cost-benefit chart against the purchase of SRMB rebars:

Sr.no Item Size Quantity Unit Ex-factory Price
(Rs./ MT) (Invoicing rate )
Guaranteed negative
rolling margin

Savings
(Rs/MT)

Total Savings (Rs.)
1 TMT Bars Fe-500 8 mm 22 MT 45000 3% 1350 29,700
2 TMT Bars Fe-500 10 mm 11 MT 44500 3% 1335 14,685
3 TMT Bars Fe-500 12 mm 16 MT 44000 2% 880 14,080
4 TMT Bars Fe-500 16 mm 12 MT 44000 2% 880 10,560
5 TMT Bars Fe-500 20 mm 3 MT 44500 1% 445 1,335

Loha Lakshmi : A Sample Report Card

 

Once the materials are supplied to any client site, SRMB deputes its technical staff to measure the weight of the supplied TMT bars section-wise in the presence of the client site representative. An official report is submitted on a monthly basis to the project customers with a calculation of the savings due to negative rolling margin. 

This monthly savings report is called Loha Lakshmi Report Card. This is a first-of-its-kind initiative in the steel industry by SRMB that proves how transparent we are to our customers.

Case Samples

Ambuja Realty Development Ltd 

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Larsen & Toubro 

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Chakraborty

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GHSPL MLD Super Speciality Healthcare LLP

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DMP Nirman Pvt.

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Mackintosh Burn Limited

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Akash Vanijaya pvt. ltd.

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Ghosal Enterprise

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Natural Projects pvt. ltd.

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B R Construction

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DTC Project Private Limited

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Elita Garden Vista Project Private Limited

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Krishna Multi Structure

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M Co

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New India Const

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Pheonix

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P S Group

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P S Srijan Estate LLP

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S E Builders Realtors Ltd

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