| 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,opened by 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. 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.[1] It is the only integrated steel plant in the country to be certified for ISO 9001:2000, ISO 14001:2004 and OSHAS 18001:1999
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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:
The expansion project is expected to become functional by 2012.
Steel Melt Shop Steel is made in steel melting shop in the refractory lined vessels called LD Converters by blowing oxygen through the hot metal bath. While iron making is a reduction process, steel making is an oxidation process. The oxygen reacts with the carbon in the hot metal and this reaction releases large quantities of gas rich in carbon monoxide along with huge amount of dust. The gases released from the converter are collected, cooled, cleaned and recovered for use as fuel in the steel plant. The entire molten steel at VSP is continuously cast at the radial type continuous casting machines resulting in significant energy conservation and better quality steel. 100% Continuous casting on such a large scale has been conceived for the first time in India.
2. http://www.business-standard.com/india/news/rinl-is-nownavratna/415093/