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Visa Steel resumes operations at its unit after receiving OSPCB clearance

20 Dec 2016 Evaluate

Visa Steel has resumed operations of its DRI Plant for production of Sponge Iron and two Sub-merged Arc Furnaces of Ferro Alloy Plant for production of Ferro Chrome after getting necessary clearances from Odisha State Pollution Control Board (OSPCB).

With improvement in raw material availability, the operational performance at the company had significantly improved during Q2 of FY’2016-17. The Production of Ferro Chrome has increased from 17,008 MT in Q2FY16 to 24,274 MT in Q2FY17; a Y-o-Y growth of 43%. The Generation of Captive Power Plant has seen a Y-o-Y growth of 55% from Q2FY16 to Q2 FY17. The Production of Blast Furnace has increased from 12,577 MT in Q2FY16 to 45,838 MT in Q2FY17; a Y-o-Y growth of 264%. Production of DRI plant increased from 38,745 MT in Q2FY16 to 47,410 MT in Q2FY17; a Y-o-Y growth of 22%.

Visa Steel is a flagship company of the Visa Group, which has business interests in Steel, Power, Cement, International Trading and Urban Infrastructure etc. The Company is a leading player in the Special Steel, Ferro Chrome and Metallurgical Coke Business in India.



Visa Steel Share Price

32.31 -0.62 (-1.88%)
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