Visa Steel has received only 400 acres of land from the government out of 1,200 acres it had applied for. But talking to CNBC-TV18, Vishambhar Saran, chairman, says this has not affected the company‘s plans as it has the capacity to expand within the existing land and double existing production capacity for all products.
Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of shore-based Visakhapatnam Steel Plant (VSP), has registered an all-round improvement in its performance in February 2013.
Hemant Luthra, chairman, Mahindra Sanyo Special Steels and Y Tsukamoto, senior MD, Sanyo Special Steel explained the various details regarding the JV and the plans for the future.