VISA Steel Ltd.
VISA Steel Limited is a flagship company of the VISA Group, which has business interests in Steel, Power, Cement, International Trading and Urban Infrastructure etc.
VISA Steel is a leading player in the Special Steel, Ferro Chrome and Metallurgical Coke Business in India. It has its Registered office in Bhubaneswar; Corporate office in Kolkata and Branch offices across India. The Company has a strong backing of experienced Promoters, reputed Board of Directors and qualified team of professionals. VISA Steel’s shares are traded on the BSE and NSE.
The Company is setting up an integrated 1 million TPA Special Steel Plant at Kalinganagar Industrial Complex in Odisha. The first phase of 0.5 million TPA Special Steel Long Product Plant is fully operational. The facilities include a 225,000 TPA Pig Iron Plant, 300,000 TPA Sponge Iron Plant, 500,000 TPA Steel Melt Shop (with EAF, LRF and VD) & 500,000 TPA Rolling Mill (Bar & Wire Rod Mill).
VISA Steel is also operating 180,000 TPA Ferro Chrome Plant and a 75 MW Captive Power Plant.
VISA SunCoke Limited, a joint venture company between VISA Steel Limited and SunCoke Energy, USA, is operating a 400,000 MT per annum heat recovery coke plant and associated steam generation units at Kalinganagar in Odisha.
The Company plans to integrate backwards to the mining of iron ore, chrome ore and coal. Captive iron ore mining leases in Odisha are presently under the process of allotment by the Government. A chrome ore deposit in Odisha is proposed to be developed through Ghotaringa Minerals Limited, a subsidiary of the Company.
VISA Steel also plans to set up a fully integrated Steel Plant at Raigarh in Chhattisgarh. The Company also plans to set up a Steel Plant and a Manganese Alloy Plant in Madhya Pradesh.
The Company plans to integrate backwards to the mining of Iron Ore in Chhattisgarh and Manganese Ore in MP for which grant of captive lease is presently under the process of allotment by the Government.