VSP earns Rs.1363 Crore net profit

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

Sammakka-Sarakka jatara brings business for Anakapalli jaggery traders
Jaggery prices moves to Rs. 115 per kg

Security failure in Coramandal Fertilizers Factory
Rs.3.50 lakh worth of iron items looted

Bauxite mining issue gaining momentum again
Tribals launch seven days padayatra

Essar Steel acquires US Steel company
Estimated reserves of 1.4 billion tonnes of iron ore

ONGC Human Resources Meet begins at Visakhapatnam
Chairman stress importance of HR in business

Visakhapatnam, September 3, 2007

25th Annual General Meeting held on Monday

The Visakhapatnam Steel Plant (VSP) earned a net profit of Rs.1363 crore in the last financial year. It also achieved a record turnover of Rs.9,151 crore during the same period. The VSP Chairman and Managing Director, PK Bishnoi announced this at the company's Annual General Meeting held on Monday.

Speaking on the occasion, he said that the company has embarked on an expansion programme for doubling its capacity from the current levels of 3 million tonnes to 6.5 million tonnes. The objective is not just to increasing the scale of operations but also to meet the customer requirements.

Bishnoi asserted that the best efforts are being made for acquiring the state of art technology for the expansion. He stated that linkages for raw materials security are being explored. The expansion funding will be from internal sources and partly through debt. He said that the Corporate Plan 2020 for the company has been finalized. As far as sales are concerned, it achieved a record sales turnover of Rs.3,431 crore during April-August 2007, a growth of seven percent over the sales of Rs.3,198 crore in the same period last year.

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