Vizag Steel
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| Type | Public Sector Enterprise |
|---|---|
| Industry | Steel |
| Founded | 1971 |
| Headquarters | Visakhapatnam, India |
| Key people | A P Choudary, Chairman cum Managing DIrector |
| Products | Plain Rounds, Re-bars, Squares, Flats, Billets, Pig Iron, Plain Wire Rods In Coils I, Plain Wire Rods In Coils II |
| Revenue |  USD 2.59 billion |
| Website | http://www.vizagsteel.com/ |
Visakhapatnam Steel Plant, popularly known as Vizag Steel (Telugu: విశాఖ ఉక్కు కర్మాగారం), is one of the major steel producers in India. Vizag Steel Plant has been conferred Navratna status on 17 November 2010.[1] Founded in 1971, the company focuses on producing value-added steel, with 214,000 tonnes produced in August 2010, out of 252,000 tonnes total of salable steel produced.[2]
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[edit] History
On 17 April 1970, the then prime minister of India, Late Mrs. Indira Gandhi announced the government's decision in the Parliament to establish a steel plant at Visakhapatnam. The activities kicked off by appointing site selection committee in June 1970 and subsequently the committee‘s report was approved for site. On 20 January 1971 she laid the foundation stone. Consultants were appointed in February 1971, and feasibility reports were submitted in 1972. The first block of land was taken over on 7 April 1974. M/s M.N. Dastur & Co was appointed as the consultant for preparing the detailed Project report in April 1975 and in October 1977 they have submitted the report for 3.4 mtpa of liquid steel. With the offer for assistance from government of erstwhile USSR, a revised project concept was evolved. Detailed Project Report for a plant capacity of 3.4 Mtpa was prepared by M/s M.N. Dastur & Co in November 1980. In February 1981 the contract was signed with USSR for preparation of working drawings for coke ovens, Blast Furnace and sinter plant. The blast furnace foundation was laid with first mass concreting in the project in January 1982. The construction of township also started.
A new company Rashtriya Ispat Nigam Limited (RINL) was formed on 18 February 1982. Visakhapatnam Steel Plant was separated from SAIL and RINL was made the corporate entity of Visakhapatnam Steel Plant in April 1982.
Vizag Steel Plant is the only Indian shore-based steel plant, and it has massive land, up to 19,000 acres (7,700 ha), and is poised to become up to 20 MT in a single campus and turnover in 2010-2011 was 11,500 Crores. On 20th May, 2009 Honorable Prime Minister Manmohan Singh launched the expansion project of Visakhapatnam Steel Plant from a capacity of 3.6MT to 6.3MT at a cost of Rs. 8,692 Crores. But the investment was revised to 14,489 crores with following classification:
- Expenditure for the financial year 2009-10 Rs 1840 Crore
- Rs 5883 Crores since inception of the Project
- Total Commitment, including enabling works, steel procurement, Consultancy, Spares, etc is Rs 11591 Crores as on 25.03.10.
The expansion project is expected to become functional by 2012.
[edit] Infrastructure
- Coke Ovens and Coal Chemical Plant
- Sinter Plant
- Blast Furnace
- Steel Melt Shop and Continuous Casting
- Light and Medium Merchant Mill
- Medium Merchant and Structural Mill
- Wire Rod Mill
- Steel Melt Shop
[edit] References
- ^ "RINL is now a Navratna". business-standard.com. http://www.business-standard.com/india/news/rinl-is-nownavratna/415093/. Retrieved 6 February 2012.
- ^ "Vizag Steel production up". Business Standard. 4 September 2010. http://sify.com/finance/vizag-steel-production-up-news-news-kjecasigcdg.html. Retrieved 15 September 2010.
[edit] External links
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