Visakhapatnam Steel Plant (VSP) produced 3.81 million tonne (mn t) of hot metal and 3.4 mn t of iron & steel in 2012-13. It is learnt that the company achieved a cumulative sales of Rs 13,650 crore in 2012-13 and its sales was the highest in the month of March 2013 at Rs 2,136 crore. Exports at Rs 601 crore registered a growth of 45 p
Tag: VSP
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SBI lends Rs 62 bn to Visakhapatnam Steel Plant
Visakhapatnam Steel Plant borrowed Rs 6,200 crore from the State Bank of India (SBI) in order to finance its business expenditure. Speaking to reporters, Pratip Chaudhuri, Chairman of SBI said the bank's loan to the RINL “is the biggest contribution it is making to the industrial development of this
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New technologies to raise efficiency of rolling mills
Umesh Chandra, Director (Operations) of the Visakhapatnam steel plant stressed on the need to adopt modern technologies for the improved performance of rolling mills. The operational efficiency of the steel plants relies on the improved performance of rolling mills, Chandra said at the forty-sixth meeting of the Rolling Mill Oper
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VSP’s sales may suffer due to power shortage
TK Chand, director (commercial), of Visakhapatnam Steel Plant (VSP) informed that the shutdown of many steel rolling mills in Andhra Pradesh would affect the sale of VSP in 2012-13. It is learnt that about two-thirds of the steel rolling mills in the state are shut while production in the remaining mills dropped by more than 50 per cent because of acute powe
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Vizag Steel works on captive power plant project
In order to ensure assured power supply for its future requirement, the Visakhapatnam Steel Plant is working on a 240 mw captive power plant project in two phases. In the first phase, the firm would be setting up a 120 mw blast furnace gas-based captive plant with an investment of Rs 677 crore. AP Choudhary, Chairman and Managing Director of the firm, laun