As per media reports, the Indian government is planning to revive SAIL’s VISL by modernization and expansion of facilities with an investment of INR 10 billion.
Mr. Narendra Singh Tomar, the union minister for steel & mines, on his visit to SAIL’s Visvesvaraya Iron & Steel Plant (VISL) on 21 Aug’15 addressed, “We are trying to ensure raw material availability to VISL. After it is done, the government will plan to revive the unit by modernization and expansion of facilities by investing INR 10 billion. But this investment will be recommended by consultants and approved by SAIL board.”
He further added that the ministry will try to execute the overall process quickly. For raw material security, the state government will take suitable steps to allot 140 Ha at NEB range Sandur Taluk, Bellary to VISL, when the pending case in the High Court gets settled.
The ministry has also held two meetings with the chief minister of Karnataka to raise the issue of mines allotment including 240 Ha of iron ore mines, in the Ramanadurga area to VISL for iron ore security. The CM has given assurance of considering the matter on priority basis.
VISL is a pioneer in alloy and special steel production. The plant has a wide customer base that includes defence, railways, engineering sector, automobile and tool making industry.
– Sourced
Leave a Reply