LOHA LAKSHMI REPORT CARD
About this Initiative
Using of SRMB TMT Bars leads to incredible value wise savings in terms of extended length of rebars per metric ton. SRMB SRIJAN PVT. LTD is producing TMT bars with guaranteed negative rolling margin with the help of installed Block Mill at manufacturing facility. The guaranteed negative rolling margin of produced TMT Bars are laid down within BIS Standard’s requirements of Mass per Meter. The guaranteed negative rolling margin of SRMB TMT bars are as follows:
- For 8mm & 10mm dia it is -3%
- For 12mm-16mm dia it is - 2%
- 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 joint 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 TMT Bars:
| Sr.no | Item | Size | Quantity Unit (Hypothetical) | Ex-factory Price (Rs./ MT) (Hypothetical) | Guaranteed negative rolling margin | Savings (Rs/MT) | Total Savings (Rs.) |
| 1 | TMT Bars Fe-500D | 8 mm | 22 MT | 45000 | 3% | 1350 | 29,700 |
| 2 | TMT Bars Fe-500D | 10 mm | 11 MT | 44500 | 3% | 1335 | 14,685 |
| 3 | TMT Bars Fe-500D | 12 mm | 16 MT | 44000 | 2% | 880 | 14,080 |
| 4 | TMT Bars Fe-500D | 16 mm | 12 MT | 44000 | 2% | 880 | 10,560 |
| 5 | TMT Bars Fe-500D | 20 mm | 3 MT | 44500 | 1% | 445 | 1,335 |
Loha Lakshmi : A Sample Report Card
Once the materials are supplied to any client’s site, SRMB deputes its technical staff to measure the weight of the supplied TMT bars’ section-wise in the presence of the client’s representative. An Official Report Card is submitted on a monthly basis to the project customers with detailed 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.
