History - On 17th April 1970, the then prime minister of India, Late Mrs. Indira Gandhi announced the government‘s decision in the Parliament to establish a Steel plant at Visakhapatnam. The activities kicked off by appointing site selection committee in June 1970 and subsequently the committee‘s report was approved for site. On 20th Jan 1971 she laid the foundation stone. Consultants were appointed in Feb 1971 and feasibility reports were submitted in 1972. The first block of land was taken over on 7th April 1974. M/s M.N. Dastur & Co was appointed as the consultant for preparing the detailed Project report in April 1975 and in Oct 1977 they have submitted the report for 3.4 mtpa of liquid steel. With the offer for assistance from government of erstwhile USSR, a revised project concept was evolved. Detailed Project Report for a plant capacity of 3.4 Mtpa was prepared by M/s M.N. Dastur & Co in Nov 1980. In Feb 1981 the contract was signed with USSR for preparation of working drawings for Coke ovens, Blast Furnace and Sinter plant. The blast furnace foundation was laid with first mass concreting in the project in Jan 82. The construction of township also started.
A new company Rashtriya lspat Nigam Limited (RINL) was formed on 18th Feb 1982. Visakhapatnam Steel Plant was separated from SAIL and RINL was made the corporate entity of Visakhapatnam Steel Plant in April 1982.
Vizag Steel Plant is the only Indias shore based steel plant and turnover in 2009-2010 was 10,600Crores and recently on its expansion from 3.1MT to 6.3MT. Its poised to become a World Class Organisation by expanding its capacity up to 20MT.
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