VSP celebrates RINL Formation Day
VSP CMD speaks on ambitious growth plan

VSP bags Award in National conference on e-Governance
Union Minister presents award

Steel Plant registers Rs.1,062 crore sales turnover
Largest turnover since inception of the plant

RINL ties up with SAIL
MoU for acquisition of high-grade limestone

Visakhapatnam Steel Plant bags sustainability award for 2006-07
Director (Operations) PK Mishra receives the award

Visakhapatnam Steel Plant CMD awarded Gold Medal
Prime Minister, Manmohan Singh handed over at 95th ISC

Roof of a madapam under construction caved in
Laborers dies, 16 others injured

RINL and NTPC bags CII awards
Visakhapatnam Industries continues to gain national attention

Commercial Taxes Department issues order to freeze the VSP bank accounts
Claims VSP is due to pay Rs.500 crores

VSP employees to get Rs.14,000 as bonus
Agreement reached at a tripartite meeting

VSP bags four Vishwakarma Rashtriya Puraskars
Awards meant in innovative suggestions in steel-related techniques

VSP signs MoU with BHEL for power expansion
Order worth over Rs. 394 crores

All VSP News Archives

Visakhapatnam, October 27, 2007

Claims VSP is due to pay Rs.500 crores

An order is issued by the Commercial Taxes Department to freeze the bank accounts of the Visakhapatnam Steel Plant (VSP) for alleged default in payment of taxes has put the management and the employees in an agitated mood. According to reliable sources from Hyderabad office on Saturday, the officials of the Department issued notices to the banks to attach the accounts to recover Rs.500 crores that the VSP is due to pay towards commercial tax for several years.

One of the top official of the Visakhapatnam Steel Plant felt that the decision was irrational and unjust at a time when the AP High Court has reserved the judgment after hearing arguments from both sides.

The court also told the Department not to take any unpleasant action against the public sector company which was accorded mini Ratna status by the Centre in recognition of its performance.

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