VSP bags energy conservation award

Visakhapatnam Steel Plant (VSP) has bagged the "National Energy Conservation Award" for the fifth consecutive year. The award is instituted by the ministry of power.

The award was given to VSP for its dedicated efforts towards energy conservation and for making it a mass movement by taking it to the grass-root levels, according to a press release.

Various initiatives have helped VSP reduce its energy consumption by over 21 per cent in the last five years.

The energy conservation efforts have helped the company save about Rs 350 crore and many of the energy conservation solutions have been no-cost or low-cost solutions, the press release added.