History Visakhapatnam Steel Plant

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pylon @ vizag steel plant


on 17 april 1970, prime minister of india, late indira gandhi, announced government s decision in parliament establish steel plant @ visakhapatnam. planning started appointing site selection committee in june 1970 , subsequently committee s report approved. on 20 january 1971, gandhi laid foundation stone of plant. consultants appointed in february 1971, , feasibility reports submitted in 1972. first block of land taken on over 7 april 1974. m/s m.n. dastur & co appointed consultants preparing detailed project report in april 1975 , in october 1977 submitted proposal 3.4 mtpa of liquid steel. offer of assistance government of erstwhile ussr, revised project evolved. detailed project report plant capacity of 3.4 mtpa prepared m/s m.n. dastur & co in november 1980. in february 1981, contract signed ussr preparation of working drawings of coke ovens, blast furnace , sinter plant. blast furnace foundation laid, first mass concreting, in january 1982. construction of local township started @ same time.


in 1970s, kurupam zamindars donated 6,000 acres of land vizag steel plant. new company rashtriya ispat nigam limited (rinl) formed on 18 february 1982. visakhapatnam steel plant separated sail , rinl made corporate entity of visakhapatnam steel plant in april 1982.


vizag steel plant indian shore-based steel plant , situated on 33,000 acres (13,000 ha), , poised expand produce 20 mt in single campus. turnover in 2011-2012 rs 14,457 crores. on 20 may 2009, prime minister manmohan singh launched expansion project of visakhapatnam steel plant capacity of 3.6 mt 6.3 mt @ cost of rs. 8,692 crores. investment revised 14,489 crores following classification:



expenditure financial year 2009-10 rs 1840 crores.
rs 5883 crores since inception of project.
total commitment, including enabling works, steel procurement, consultancy, spares, etc. rs 11591 crores of 25 march 2010.

the expansion project expected become functional 2012. has been rated best place work in india consecutive 5 years.







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