Vishambar Saran, Chairmain,
Visa Group |
VISA Steel
Ltd is the Indian flagship company of Rs 1600 crore VISA Group.
The Group's foray into manufacturing commenced in 1999 when it leveraged
its vast experience in the minerals and metals business to integrate
backwards through a chrome ore beneficiation and chrome ore grinding
plant at Golagaon in Orissa.
VISA Steel enjoys a rich decade-long insight into business of minerals
and metals through supply of raw materials and marketing of finished
products. Capitalizing on the attractive opportunities presented
by a growing economy and industry, the company is |
strategically
taking this insight a step ahead through the phased implementation
of an integrated 1.5 mtpa special and stainless steel manufacturing
project at Kalinganagar Industrial Complex in Orissa. |
To strengthen its viability, the
company chalked out a de risked phased implementation schedule with the
first phase of 0.5 mtpa steel making capacity scheduled to go completely
on stream by 2007. The blast furnace of 250cu. m capacity has already
been commissioned in a record period of 11 months and work for coke oven,
DRI kilns, ferro chrome, captive power plant and steel is under progress.
As a corporate entity VISA Steel Ltd is a board-led company, which believes
in the basic principles of enlightened management - meritocracy, transparency
and accountability. The board has such luminaries like:
Mr M S Verma, Former Chairman, State Bank of India
Mr Arvind Pande, Former Chairman, SAIL
Mr Pinto Khaitan, Managing Partner, Khaitan and Co
Mr D P Bagchi., Former Chief Secretary, Orissa, and Ssecretary
to the Planning Commission
Dr SK Tamotia, Former CMD NALCO and President INDAL/HINDALCO
The
VISA Steel ensures active environment management, especially relevant
for its growing manufacturing activities. For instance, environmentally
friendly technologies have been chosen with pollution levels benchmarked
internationally, and are much stricter than norms specified by the
State / Central Government.
The VISA Group is continuously extending its value chain presence,
with exciting developments on the manufacturing front. |
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| India is now expected
to emerge as a new giant in iron and steel (after China) and VISA
Steel is focusing its immediate manufacturing plans in India in this
sector. |
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