VISA Steel Limited
VISA Steel Limited is a flagship company of the VISA Group, which has business interests in Steel, Power, Cement, International Trading and Urban Infrastructure etc.
VISA Steel is a leading player in the Special Steel, Ferro Chrome and Metallurgical Coke Business in India. It has its Registered office in Bhubaneswar; Corporate office in Kolkata and Branch offices across India. The Company has a strong backing of experienced Promoters, reputed Board of Directors and qualified team of professionals. VISA Steel’s shares are traded on the BSE and NSE.
The Company is setting up an integrated 1 million TPA Special Steel Plant at Kalinganagar Industrial Complex in Odisha. The first phase of 0.5 million TPA Special Steel Long Product Plant is fully operational. The facilities include a 225,000 TPA Pig Iron Plant, 300,000 TPA Sponge Iron Plant, 500,000 TPA Steel Melt Shop (with EAF, LRF and VD) & 500,000 TPA Rolling Mill (Bar & Wire Rod Mill).
VISA Steel is also operating 180,000 TPA Ferro Chrome Plant and a 75 MW Captive Power Plant.
VISA SunCoke Limited, a joint venture company between VISA Steel Limited and SunCoke Energy, USA, is operating a 400,000 MT per annum heat recovery coke plant and associated steam generation units at Kalinganagar in Odisha.
The Company plans to integrate backwards to the mining of iron ore, chrome ore and coal. Captive iron ore mining leases in Odisha are presently under the process of allotment by the Government. A chrome ore deposit in Odisha is proposed to be developed through Ghotaringa Minerals Limited, a subsidiary of the Company.
VISA Steel also plans to set up a fully integrated Steel Plant at Raigarh in Chhattisgarh. The Company also plans to set up a Steel Plant and a Manganese Alloy Plant in Madhya Pradesh.
The Company plans to integrate backwards to the mining of Iron Ore in Chhattisgarh and Manganese Ore in MP for which grant of captive lease is presently under the process of allotment by the Government.
VISA BAO Limited
VISA Steel has entered into a joint venture with Baosteel Resources Co. Ltd. to add value to Odisha’s vast reserves of Chrome Ore by conversion & value addition of the same into Ferro Chrome. VISA BAO Limited has set up a 4 x 18 MVA (upgraded from 16.5 MVA) Submerged Arc Furnaces for production of Ferro Chrome at Kalinganagar in Odisha wherein VISA Steel holds 65% stake and Baosteel holds the balance 35% stake. VISA Bao Limited is in the process of being amalgamated with VISA Steel Limited and in the interim period VISA Steel has taken these furnaces on lease.
China, Japan Europe and Americas are amongst the largest producer of stainless steel globally. Ferro Chrome is a vital ingredient for production of stainless steel. VISA Steel has already been exporting Ferro Chrome to China, Japan, South Korea, Taiwan, Europe, USA and Latin America amongst other countries. Going forward these exports are slated to increase significantly.
The Company will add value to the locally available Chrome Ore and Chrome Concentrates into Ferro Chrome. The ferro chrome produced at this plant will be sold in India and also exported to China, Japan, S. Korea, Taiwan, Europe & Latin America, USA etc.
VISA SunCoke Limited
VISA SunCoke Limited, a joint venture company between VISA Steel Limited and SunCoke Energy, USA, is operating a 400,000 MT per annum heat recovery coke plant and associated steam generation units at Kalinganagar in Odisha. VISA Steel is holding 51% stake and SunCoke Energy is holding 49% stake in VISA SunCoke.
SunCoke Energy, Inc. is the largest independent producer of metallurgical coke in the Americas, with 50 years of experience supplying coke to the integrated steel industry. SunCoke Energy is recognized as a leading provider of heat recovery coke making technology that meets or exceeds applicable environmental standards.