Financials
Results
VISA Steel has registered a strong financial performance in 2006-07 with a revenue growth of 39% to Rs. 537.93 Crores, increase in EBIDTA by 37% to Rs. 50.46 Crores, increase in PBT by 72% to Rs. 34.31 Crores and increase in PAT by 64% to Rs. 20.52 Crores. :-
| (Rs. In Crores) |
Financial Year |
Revenue |
EBIDTA |
PBT |
PAT |
2005-06 |
387.46 |
36.71 |
20.00 |
12.48 |
2006-07 |
537.93 |
50.46 |
34.31 |
20.52 |
Growth |
39% |
37% |
72% |
64% |
The growth in revenue and profits during FY’06-07 have been driven by the pig iron and coke business.
The Company has commissioned 300,000 TPA of the total capacity of 400,000 TPA Stamp Charged Coke Oven Plant. The coke production was 59,643 MT during FY’06-07 compared to only 450 MT during previous year. The coke produced has been used mainly for captive use and revenue growth from the coke business will be reflected only during FY’07-08.
With a vision to emerge as a globally-competitive and world-class integrated producer of special and stainless steel, VISA Steel is setting up a 50,000 TPA Ferro Chrome Plant, 300,000 TPA Sponge Iron Plant, 50 MW Power Plant and 0.5 million TPA Special and Stainless Steel Plant.
The 50,000 TPA Ferro Chrome Plant with 2 x 16.5 MVA Submerged Arc Furnaces and the 220 KV Line & Sub-Station is nearly complete. The 300,000 TPA Sponge Iron Plant with 2 x 500 TPD Kilns purchased from Tata Steel’s Growth Shop is currently under erection. For the 0.5 million TPA Special and Stainless Steel Plant, the company has placed orders for EAF and LRF to SMS Demag, VD to Siemens VAI, Continuous Caster to Concast, Transformer to BHEL and Sub-Station to ABB.
The Company also plans to add a 0.5 million TPA Bar & Wire Rod Mill and additional 25 MW Power Plant to achieve further integration and value addition to its products. This will raise the total power generation capacity to 75 MW. Upon completion and commissioning of these projects, VISA Steel will rank among the largest integrated special and stainless steel producers in India.
The strategy of the Company is to be a low cost producer through full integration, location and logistics advantages, raw material linkage and process & technology choices and focus on value added niche products. The location of the Company’s Plant at Kalinganagar offers excellent location and logistics advantages through close proximity to key raw materials and infrastructure.
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