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VISA Steel Ltd. and Baosteel amalgamate their JV

By Niranjan Mudholkar,

Added 21 August 2015

Baosteel will now hold 5% stake in VISA Steel.

VISA STEEL
VISA Steel is a leading player in the Special Steel, Ferro Chrome and Metallurgical Coke Business in India. The Company has its Registered Office in Bhubaneswar, Corporate office in Kolkata and Branch offices across India. The Company has a strong backing of experienced Promoters, reputed Board of Directors and qualified team of professionals. VISA Steel's shares are traded on the BSE and NSE.
The VISA Steel facilities are located at Kalinganagar Industrial Complex in Odisha for value addition of Iron Ore into Special Steel, value addition of Chrome Ore into Ferro Chrome and value addition of Coking Coal into Coke. The Company has successfully set up a World Class asset which includes a fully Integrated 0.5 million TPA Special Steel Plant, 180,000 TPA Ferro Chrome Plant with 75 MW Captive Power Plant, and 0.4 million TPA Coke plant.

BAOSTEEL RESOURCES
Baosteel Resources Co. Ltd., the Commodity mining and trading arm of Baosteel Group, is active in the Iron Ore, Coking Coal, Scrap and Ferro Alloy business including mining and logistics. It owns 85% in Aquila Resources which is developing Iron Ore and Coking Coal mining projects in Australia.  Baosteel Group was founded in 1978 and is among China's largest and most competitive iron and steel enterprise, and is ranked fourth among the world's iron and steel enterprises.
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