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'{{Use dmy dates|date=September 2013}} {{Use Indian English|date=June 2016}} {{Infobox company | name = Rashtriya Ispat Nigam Limited- Visakhapatnam Steel Plant | logo =VIZAG-STEEL.jpg | caption = | type = *Central Govt. Organization *Public Sector Undertaking | traded_as = | industry = Steel | genre = <!-- Only used with media and publishing companies --> | fate = | predecessor = | successor = | foundation = {{Start date|df=yes|1982|02|18}}<ref name=rinl-formation>{{cite news|url=http://www.vizagsteel.com/code/press/pressrelfiles/249RINL_Formation_Day_Celebrated.pdf|title=RINL Formation Day Celebrated|publisher=Rashtriya Ispat Nigam Limited|accessdate=2 September 2011}}</ref> | founder = | defunct = | location = | location_city = [[Visakhapatnam]] | locations = | area_served = | key_people = Pardosh Kumar Rath ,Chairman & MD | products = Wire rods, TMT Re-bars, rounds, squares, flats, angles, channels | services = Steel production | revenue = ₹ 166 biilion (2017-2018)<ref>https://www.vizagsteel.com/myindex.asp?tm=1&url=insiderinl/FinancialPerformance.asp</ref> | operating_income = | net_income = {{INRConvert|-13.69|b}} (2017-18)<ref name=vs-ar2017-18>{{cite web|url=http://www.vizagsteel.com/insiderinl/financialperformance.asp|title=Annual Report 2012-13 (English)|publisher=Rashtriya Ispat Nigam Limited|accessdate=27 October 2014}}</ref> | aum = | assets ={{INRConvert|317.24|b}} (2017-18)<ref name=vs-ar2017-18/> | equity ={{INRConvert|72.20|b}} (2017-18)<ref name=vs-ar2017-18/> | owner = Government of India. | num_employees = 17617 (excluding out-source, 2018) | parent = | divisions = | subsid =Eastern Investments Limited (EIL),The Orissa Minerals Development Company Limited (OMDC),The Bisra Stone Lime Company Limited (BSLC) | footnotes = | intl = | location_country = [[India]] | homepage = {{URL|www.vizagsteel.com}} }} '''Rashtriya Ispat Nigam Ltd''', (abbreviated as '''RINL'''), also known as ''[[Vizag Steel]]'', is a [[Public company|Public]] steel producer based in [[Visakhapatnam]], [[India]]. ==Location== The Steel plant is located in the southern part of [[Visakhapatnam]] city, Andhra Pradesh state of India. The company also has blast furnace grade Limestone captive mine at Jaggayyapeta (Krishna District), a captive mine for Dolomite at Madharam (Khammam), a manganese ore captive mine at Cheepurupalli (Vizianagaram). It also has mining lease for river sand of river Champavathi. RINL is establishing Forged Wheel plant for Rail wheels with ultra modern technology in Lalganj,Raebareli,UP. ==History== ''Making the Impossible possible lies in man's determination'' and [[Tenneti Viswanadham|Sri Tenneti Viswanadham]] was one such personality. Struggle of thousands of such personalities has paved a way for establishing such a big steel plant. The activities kicked off by appointing site selection committee in June 1970 and subsequently committee report was approved for site. In January 1971, then PM of India has laid the foundation stone. Consultants were appointed in February 1971 and feasibility reports were submitted in 1972. The first block of land was taken over in April 1974. [http://www.dastur.com M/s M.N Dastur&Co] was appointed as the consultant for preparing the detailed project report in April 1975, and in October 1977 they have submitted the report for 3.4 MTPA of liquid steel. With the government of erstwhile USSR's offer for assistance, a revised project concept was evolved. DPR for a plant capacity of 3.4 MTPA was prepared by M.s M.N.Dastur&Co in November 1980. In February 1981 contract was signed with Soviet-Union for preparation of working drawings for coke ovens, blast furnace and sinter plant. The blast furnace foundation was laid with first mass concreting in the project in January 1982. The construction of township also started. RINL was wholly owned by the [[Government of India]] previously but due to huge loss government sold its share so it is now [[Public company|Public]]. In November 2010, the company was granted the ''Navratna'' status by the Government of India.<ref name=rinl-navratna>{{cite web|url=http://www.vizagsteel.com/code/press/pressrelfiles/34116.11.10-navratna.pdf|title=RINL conferred ''Navratna'' status|publisher=Rashtriya Ispat Nigam Limited|date=16 November 2010|accessdate=2 September 2011}}</ref><ref>{{cite news| url= http://www.thehindubusinessline.com/companies/article3509492.ece| title=Visakhapatnam Steel Plant unions serve strike notice | date=10 June 2012}}</ref> In September 2011, the government announced plans to divest 10% of its stake in RINL via an [[initial public offering]].<ref name=wsj-rinl-ipo>{{cite news|url=https://www.wsj.com/articles/SB10001424053111904583204576546151478244980|title=India to Sell 10% Stake in Rashtriya Ispat Nigam|publisher=Wall Street Journal|date=2 September 2011|accessdate=2 September 2011}}</ref> ==Operations== RINL operates a 7.3 million tonne per annum capacity steel plant in Visakhapatnam.<ref name=vs-expansion>{{cite web|url=http://www.vizagsteel.com/index.asp?sm=1&url=code/Infrastr/ccp.asp|title=Expansion Plans|publisher=Rashtriya Ispat Nigam Limited|accessdate=2 September 2011}}</ref> During the initial periods, the company suffered huge losses. Later the profits have gone up by 200% making it the only steel industry to achieve such target. The firm is investing {{INRConvert|125|b}} in the first phase of expanding its capacity, to target production of 6.3 million tonnes of steel a year by 2014.<ref name=vs-ar2012>{{cite web|url=https://www.vizagsteel.com/index.asp?tm=1&url=insiderinl/FinancialPerformance.asp|title=Annual Report 2012-2013}}</ref> In the next phase of its expansion, it plans to invest {{INRConvert|70|b}} to add another 4 million tonnes to its annual capacity. In addition, it plans to invest {{INRConvert|250|b}} to add capacity for the production of 4 million tonnes of specialised steel. Its annual capacity is expected to reach almost 7.5 million tonnes by 2015.<ref name=bs-qa>{{cite news|url=http://www.business-standard.com/india/news/qa-pradip-kumar-bishnoi-rashtriya-ispat-nigam-limited/433437/|title=Q&A: Pradip Kumar Bishnoi, Rashtriya Ispat Nigam Limited|publisher=Business Standard|date=25 April 2011|accessdate=2 September 2011}}</ref> RINL plans to invest Rs 60 crores to increase the capacity to 20 million tonnes by 2027.<ref>{{Cite news|url=http://www.business-standard.com/article/companies/rinl-to-invest-rs-60k-cr-to-have-20-mt-capacity-by-2027-113100300764_1.html|title=RINL to invest Rs 60K cr to have 20 MT capacity by 2027|last=India|first=Press Trust of|date=2013-10-03|newspaper=Business Standard India|access-date=2016-10-23}}</ref> RINL has successfully commissioned its next phase despite some major setbacks with blasts in its new blast furnace. The plant would be operational in July–September 2016. Another unit of RINL is coming in Uttar Pradesh. With the investment of 1688 Crores,RINL is establising plant for Rail wheels under make in india initiative. This plant will be equipped with ultra modern technology. It will produce 1 lakh wheels per year. ==References== {{Reflist|30em}} {{Steel industry of India}} [[Category:Steel companies of India]] [[Category:Companies based in Visakhapatnam]] [[Category:Manufacturing companies established in 1982]] [[Category:Economy of Visakhapatnam]] [[Category:Indian companies established in 1982]]'