Visakhapatnam is popularly called as the Steel City of India and the credit was because of the Vizag Steel Plant - a venture of Ispat Nigam. Vizag Steel has seen many changes during the past few years. At one crisis moment it was about to be sold (rumors say the Tatas would like to buy it) but under the dynamic Chairmanship of BK Panda who took effective management practices, Vizag Steel has come of crisis and marched towards profits. The goal of Vizag Steel is now to become the #1 Steel producer in the region.
The Visakhapatnam Steel Plant is one of the foremost Steel Plant's in India, producing high quality standards of Steel and allied products. Infact VSP has achieved the maximum number of records in Production than any other Steel Plant in India.
Check the records that VSP set over the following days Feb 24, 13 2000
and later on Apr 30, 2000
Strikes by the Steel Plant Exployees demanding against the Privitisation Policy became common. There was a strike on Jan 21, 2000