Shri Beni Prasad Verma, Hon'ble Steel Minister, Govt of India appreciated the sharp growth in production of Rashtriya Ispat Nigam Ltd - Visakhapatnam Steel Plant (RINL-VSP) in Q1.
Rashtriya Ispat Nigam Ltd - Visakhapatnam Steel Plant (RINL-VSP) recorded a growth of 14% in finished steel production in Q1 and stepped up its captive power generation by 7% which helped RINL to record significant growth in many fronts despite power restriction. The value-added steel production is best for any first quarter with a growth of 17%, accounting to nearly 80% of total saleable steel production. In spite of recessionary trends in the market, RINL – VSP registered a growth of 13% in sales and the special drive taken by Visakhapatnam Steel Plant helped to end Q1 with a sales of 5.5 lakh tones matching the sales of CPLY.
RINL-VSP (Rashtriya Ispat Nigam Ltd - Visakhapatnam Steel Plant) is the first shore based Public Sector integrated Steel Plant in India located at Visakhapatnam in Andhra Pradesh. The plant was commissioned in August 1992 with a capacity to produce 3 million tonnes per annum (MTPA) of liquid steel having an excellent layout capable of expanding up to 16 MTPA. The process of steel making is through the Blast Furnace – Basic Oxygen Furnace (BF-BOF) route. Visakhapatnam Steel Plant, also known as Vizag Steel Plant (VSP) has the distinction of being the first integrated steel plant in the country to adopt 100% continuous casting in the Steel Melt Shop.