Visvesvaraya Iron and Steel Plant, a unit of Steel Authority of India Ltd., plans to increase its capacity from the current 0.4 MT to 1 MT at a cost of Rs. 6,000 crore, Union Minister for Steel, Chaudhary Birender Singh, said on Friday. “It is a legacy plant… with a history of 100 years. A dedicated team from SAIL, with assistance from MECON, is at work and most of the things are sorted out,” Mr. Singh said. VISL is involved in the production of alloy steels and pig iron. It is located in the city of Bhadravati.
The Minister also said 160 acres in Ballari would be given for captive mining. “The process is on and is in the final stages,” he said.
VISL was set up in 1923 by Sir M. Visvesvaraya. However, over the last few years, the company has been in the red owing to outdated technology and not having a captive mine.
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