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 10, 2007

Agreement reached at a tripartite meeting

The Visakhapatnam Steel Plant Management has agreed to pay production linked bonus of Rs.14,000 to its employees for the financial year 2007-08. In a tripartite meeting held on Wednesday in the Administrative building, an agreement to this effect was reached. The bonus announced will be paid under the Annual Performance linked Reward scheme.

The meeting was held under the Chairmanship of Executive Director Y Manohar. Among the participants in the meeting are Executive Director (Works) PVS Prasada Rao, Executive Director (P&IR), GBS Prasad, VSP recognized Union President and Secretary and union executive members, Deputy Labour Commissioner Varahala Reddy and others.

The VSP recognized union leader B Satyanandam and Neerukonda said that the payment will be made from October 15 onwards to its 16,600 employees. He claimed that it is a victory for the employees.

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