Visakhapatnam Steel Plant

Visakhapatnam Steel Plant, popularly known as Vizag Steel (Telugu: విశాఖ ఉక్కు కర్మాగారం), is the most advanced steel producer in India with the help of German and Soviet technology. Its products have been rated the best in the world market. Almost 80% of its income comes from the exports of steel products to Japan, Germany, United States, Singapore, Dubai, Australia, South American countries and many more. The company has grown from a loss-making industry to 3-billion-dollar turnover company registering a growth of 203.6% in just four years. Vizag Steel Plant was conferred Navratna status on 17 November 2010.[1] Founded in 1971, the company focuses on producing value-added steel, with 214,000 tonnes produced in August 2010, out of 252,000 tonnes total of salable steel produced. It is the largest single site plant in India and Asia minor (or south and east Asia combined).