The Central Public Sector Undertaking, Rashtriya Ispat Nigam which is also known as Visakhapatnam Steel Plant is now back in the black by registering Rs 54 crore profit in January marking a turnaround in 18 months.

This was disclosed at a review meeting on the plant conducted by Chief Minister N Chandrababu Naidu with officials from the Ministry of Steel and the plant in Amaravati.

There was a significant uptake in the production of hot metals. It reached 19,401 tonnes per day compared with 9,215 tonnes in the second quarter of 2024-25, according the steel plant officials 

With the working of three blast furnaces, the utilisation of production capacity had reached a record level of 94 per cent compared to 45 per cent utilisation last year, the officials informed the Chief Minister. 

The performance of the steel plant could be revived with the financial support of Rs 11,440 crore from the Centre and State Government’s cooperation in dealing with the power dues to the state electricity department. among others according to officials, according to a release. 

Source: The Hindu Business Line 

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