Page 2 - Vizag Steel
Captive mine remains a pipe dream for Vizag Steel
Hyderabad, 6 August: Vizag Steel Plant, the only steel manufacturing facility among the public sector(PSU) steel plants that has no captive iron ore mine, sees little chances of getting one under the present auction route owing to unmatched competition from private players.Established in port city of Visakhapatnam about 35 years ago, this Navaratna steel plant has been running on iron ore supplies from NMDC from the beginning. While there were no clear reasons as to why this PSU steel unit was not allocated a captive mine all these years, the effort to secure a mine in a recent auction in Odisha made its management realise that the task has only become tougher."We have participated in a recent auction for a mine in Odisha in the hope of putting a good show. But private steel maker Bhushan Steel has quoted a price 300 percent higher than what we were willing to pay for the mine. We can not compete with private companies as we are constrained by our own assessment of economic viability .
 "Captive mine remains a pipe dream for Vizag Steel")
Vizag Steel Plant registers 4% revenue growth to Rs 12,781 crore
Completes expansion to 6.3 mt from 3 mt, this year's production is expected to touch full capacity
 "Vizag Steel Plant registers 4% revenue growth to Rs 12,781 crore")
Branded trains now: Vizag Steel renames Samata Express for brand promotion
Steel Minister Birender Singh said such initiatives will help Vizag Steel extend its market reach to both urban, rural markets
 "Branded trains now: Vizag Steel renames Samata Express for brand promotion")