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Visa Steel rises on forming Joint Venture with Suncoke Energy

19 Mar 2013 Evaluate

VISA Steel is currently trading at Rs. 44.00, up by 0.65 points or 1.50% from its previous closing of Rs. 43.35 on the BSE.

The scrip opened at Rs. 50.00 and has touched a high and low of Rs. 50.00 and Rs. 43.60 respectively. So far 28,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 60.00 on 19-Mar-2012 and a 52 week low of Rs. 41.75 on 11-Mar-2013.

The current market cap of the company is Rs. 484.00 crore.

The promoters holding in the company stood at 74.00%, while Institutions and Non-Institutions held 6.45% and 19.55% respectively.

VISA Steel and Sun Coke Energy has officially formed their coke making joint venture (JV) in India. The new joint venture will be called VISA SunCoke. VISA steel will hold a 51% stake and SunCoke Energy shall hold a 49% stake. Sun Coke Energy has invested approximately Rs 368 crore ($67 million) to acquire a 49% stake in the joint venture.

The Joint venture is comprised of a 400,000 metric ton per annum heat recovery coke plant and associated steam generation units at Kalinganagar in Odisha, India. The Board of Directors of the joint venture company will have equal representation from VISA steel and SunCoke Energy.

VISA Steel is a leading player in the Special Steel, Coke and Ferro Chrome industry in India with manufacturing facilities located at Kalinganagar Industrial Complex in Odisha.

Visa Steel Share Price

32.34 0.03 (0.09%)
15-Apr-2026 16:59 View Price Chart
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