VISA Steel sets up plants in Kalinganagar

VISA Steel is setting up a 0.5 million TPA special steel melt shop, 0.5 million TPA special steel bar & wire rod mill and additional 25 MW power plant to complete the integrated facility of special steel making at Kalinganagar Industrial Complex in Orissa. The company is planning to integrate backwards into mining of iron ore, chrome ore and coal. VISA BAO Ltd wherein VISA Steel holds 65% and Baosteel Resources, China holds 35%, is setting up a 100,000 TPA ferro chrome plant at Kalinganagar in Orissa. VISA BAO is currently in the process of completing the financial closure for the project. VISA Steel has also signed a MoU with the Government of Madhya Pradesh for setting up a 1.25 million TPA steel plant, 100,000 TPA manganese alloy plant and 300MW captive power plant in Madhya Pradesh with a total investment of Rs. 4,025/ Crores.Nike Hyperdunk 2018