VISA Steel resumes operations of its Steel Melt Shop,Ladle Refining Furnace, Vacuum Degassing and Rolling Mill
"Due to acute scarcity of raw material at viable prices, depressed Steel market and shortage of working capital, the Company was not able to operate its Steel Melt Shop, Ladle Refining Furnace, Vacuum Degassing & Rolling Mill for a considerable period. Consequent to improved availability of raw material and after renovation of its Blast Furnace & DRI Kilns, the Company has resumed operations of its Steel Melt Shop, Ladle Refining Furnace, Vacuum Degassing & Rolling Mill from the early afternoon on Monday, 25th July 2016," the company said in a statement.
The Company intends to make Special Steel Long Products by using Hot Metal from its Blast Furnace and DRI from its Sponge Iron Plant. The Special Steel products include Bars & Wire Rods for the auto component, railways & defence sectors.
The Company’s Chairman, Vishambhar Saran, Vice Chairman & Managing Director, Vishal Agarwal, Director (Kalinganagar) Manoj Kumar and other senior executives of the Company were present at the time of starting of Steel Melt Shop & Rolling Mill at its Kalinganagar Plant on July 25.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.