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The Visakhapatnam Steel Plant is the integrated steel plant founded in 1982 that focuses on producing value-added steel, producing 5.773 million tonnes of hot metal, 5.272 million tonnes of crude steel and 5.138 million tonnes of saleable steel in the 2021-2022 financial year. [14]
Constituted in 1964 by the Ministry of Steel, Government of India for formulating guidelines for production, allocation, pricing and distribution of iron and steel materials, Joint Plant Committee (JPC) underwent a major transformation in 1992, when following the de-regulation of Indian steel industry, it moulded itself into a facilitator for industry, focusing on giving form to a ...
The City, overlooking seaport. Visakhapatnam Port is one of the largest cargo handling ports in India.It can accommodate 150,000 DWT vessels and draft up to 17 m (56 ft). [11] [12] The port during 2013–14 period, handled 58 million tonnes of cargo and also a cape size vessel in the outer harbour.
As per worldsteel, India's crude steel production in 2018 was at 106.5 million tonnes (MT), 4.9% increase from 101.5 MT in 2017, which means that India overtook Japan as the world's second largest steel production country. Japan produced 104.3 MT in year 2018, decrease of 0.3% compared to year 2017.
Bhilai Steel Plant is raising its capacity of steel production through modernization and new projects. The major upcoming project is the commissioning of a giant blast furnace 4,060 cubic meters in volume, with a hot metal production capacity of 8,000 tonnes per day. [citation needed] [6]
The plant is designed to produce beneficiated high purity silica sand to a capacity of 300,000 tonnes per year as the raw material for production of float/sheet glass. A memorandum of understanding has been signed between NMDC, Indian Rare Earths Limited , (IREL) and Andhra Pradesh Mineral Development Corporation to establish a joint venture ...
LONDON (Reuters) -Global shares headed on Friday for their biggest monthly gains since May on hopes for strong U.S. growth, while Japanese rate hike bets and shifting euro zone monetary policy ...
Andhra Pradesh MedTech Zone (AMTZ) is the medical technology park with Common Manufacturing Facilities & Common Scientific Facilities located in Nadupuru village area of Visakhapatnam, adjacent to the Visakhapatnam Steel Plant. The AMTZ is spread over an area of 270 acres and it has over 10 manufacturing units.