Visa steel share

VISA Steel Limited is an India-based company. The Company is engaged in the manufacturing of iron and steel products and high carbon ferro chrome with power plant in Odisha. It is in the business of manufacturing of Ferro Alloys. The Company has manufacturing assets for production of Ferro Alloys at Kalinganagar in Odisha. Its facilities includes five submerged arc furnaces with 3x25 megawatt (MW) power generating units. It offers high carbon ferro chrome for end use in stainless steel and special steel manufacturing. The Company's subsidiaries include Kalinganagar Special Steel Private Limited (KSSPL), Kalinganagar Chrome Private Limited (KCPL), VISA Ferro Chrome Limited, and VISA Special Steel Limited. ;

Visa Steel Ltd. is a Public Limited Listed company incorporated on 10/09/1996 and has its registered office in the State of Orissa, India. Company’s Corporate Identification Number(CIN) is L51109OR1996PLC004601 and registration number is 004601. Currently Company is involved in the business activities of Manufacture of basic iron and steel. Company’s Total Operating Revenue is Rs. 792.00 Cr. and Equity Capital is Rs. 115.79 Cr. for the Year ended 31/03/2022.

The National Company Law Tribunal's Cuttack bench admitted Visa Steel for insolvency proceedings in November last year. Within a month, the High Court of Orissa stayed the insolvency process until further orders. This is the second time the company has received such a relief. The company was admitted for insolvency in 2018 by the Kolkata bench of NCLT. However, the High Court of Orissa granted an interim stay on the NCLT's order to admit it. The Lenders have classified loans of Visa as non-performing accounts since 2012. It has a principal outstanding loan of ₹2,331 crore, according to the company's annual report. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. • 819.90 03:59 PM | 13 Jun 2023 19.15 (2.39%) 981.50 03:57 PM | 13 Jun 2023 21.55 (2.24%) 3,262.85 03:59 PM | 13 Jun 2023 68.10 (2.13%) 2,912.50 03:57 PM | 13 Jun 2023 59.90 (2.10%) • 1,855.95 03:59 PM | 13 Jun 2023 -23.50 (-1.25%) 2,462.55 03:59 PM | 13 Jun 2023 -22.25 (-0.90%) 1,131.30 03:59 PM | 13 Jun 2023 -8.35 (-0.73%) 1,373.15 03:59 PM | 13 Jun 2023 -8.25 (-0.60%)

Description • Visa Steel Ltd (VSL) was incorporated in 1996 as Visa Industries Ltd. The name Visa Industries Ltd was changed to Visa Steel Ltd with effect from May 4 2005. The Company is engaged in the manufacturing of Pig Iron, Coke, Coking Coal, Steam Coal, Chrome Concentrated and Iron Ore Fines. Ghotaringa Minerals Ltd is the subsidiary of VSL. Visa Energy Resources Ltd (VERL) was merged with the company with effect from 1st April 2004. According to the scheme of merger the company has issued one equity share of Rs.10/- each to the shareholders of VERL for every one equity share of Rs.10/- held by them in VERL. The company has signed a MoU with the Government of Orissa in December 2003 for setting up an integrated special and stainless steel plant at Kalinganagar Industrial Complex. It was started by setting up a 250 cbm blast furnace at a captial cost approximately Rs.960 million with Tata Korf/SMS Demag technology for producing 225000 tpa pig Iron. Further the company is setting up a stamp-charged heat recovery coke Oven plant which is expected to be commissioned in first half of 2006. During February the company has made an Initial Public Offer of 35000000 equity shares of Rs.10 each at a price band Rs.52 to Rs.57 per equity share. The objects of issue is to meet the capital expense of Integrated special and stainless steel plant like setting up Ferro Chrome Plant, Sponge Iron Plant, Waste Heat Recovery Power Plant, Special and Stainless Steel Plant and Associated In...

Date Open High Low Close Volume 16/06/2023 12.00 12.20 11.80 12.15 33731 15/06/2023 12.15 12.35 11.80 12.25 47248 14/06/2023 11.60 11.95 11.60 11.95 49235 13/06/2023 10.90 11.40 10.65 11.40 30417 12/06/2023 11.00 11.15 10.65 10.90 21672 09/06/2023 10.80 11.15 10.75 11.00 13960 08/06/2023 11.15 11.25 10.70 10.85 22016 07/06/2023 11.15 11.25 10.85 11.10 17315 06/06/2023 11.35 11.35 11.00 11.15 8820 05/06/2023 11.40 11.40 11.00 11.20 5499 02/06/2023 11.35 11.35 10.75 11.10 6650 01/06/2023 10.85 11.20 10.70 11.10 11957 31/05/2023 11.00 11.00 10.55 10.70 5248 30/05/2023 11.10 11.30 10.55 10.90 33768 29/05/2023 11.25 11.40 11.00 11.10 6278 26/05/2023 10.95 11.40 10.90 11.00 8901 25/05/2023 11.35 11.35 10.75 10.90 6694 24/05/2023 11.35 11.35 10.95 11.00 5331 23/05/2023 10.80 11.45 10.80 11.25 13672 22/05/2023 11.20 11.40 10.70 10.95 20701 19/05/2023 11.10 11.20 10.90 10.90 1526 18/05/2023 10.85 11.30 10.75 11.10 8707 17/05/2023 11.40 11.40 10.65 10.85 7922

Date Open High Low Close Volume 16/06/2023 12.00 12.20 11.80 12.15 33731 15/06/2023 12.15 12.35 11.80 12.25 47248 14/06/2023 11.60 11.95 11.60 11.95 49235 13/06/2023 10.90 11.40 10.65 11.40 30417 12/06/2023 11.00 11.15 10.65 10.90 21672 09/06/2023 10.80 11.15 10.75 11.00 13960 08/06/2023 11.15 11.25 10.70 10.85 22016 07/06/2023 11.15 11.25 10.85 11.10 17315 06/06/2023 11.35 11.35 11.00 11.15 8820 05/06/2023 11.40 11.40 11.00 11.20 5499 02/06/2023 11.35 11.35 10.75 11.10 6650 01/06/2023 10.85 11.20 10.70 11.10 11957 31/05/2023 11.00 11.00 10.55 10.70 5248 30/05/2023 11.10 11.30 10.55 10.90 33768 29/05/2023 11.25 11.40 11.00 11.10 6278 26/05/2023 10.95 11.40 10.90 11.00 8901 25/05/2023 11.35 11.35 10.75 10.90 6694 24/05/2023 11.35 11.35 10.95 11.00 5331 23/05/2023 10.80 11.45 10.80 11.25 13672 22/05/2023 11.20 11.40 10.70 10.95 20701 19/05/2023 11.10 11.20 10.90 10.90 1526 18/05/2023 10.85 11.30 10.75 11.10 8707 17/05/2023 11.40 11.40 10.65 10.85 7922

The National Company Law Tribunal's Cuttack bench admitted Visa Steel for insolvency proceedings in November last year. Within a month, the High Court of Orissa stayed the insolvency process until further orders. This is the second time the company has received such a relief. The company was admitted for insolvency in 2018 by the Kolkata bench of NCLT. However, the High Court of Orissa granted an interim stay on the NCLT's order to admit it. The Lenders have classified loans of Visa as non-performing accounts since 2012. It has a principal outstanding loan of ₹2,331 crore, according to the company's annual report. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. • 819.90 03:59 PM | 13 Jun 2023 19.15 (2.39%) 981.50 03:57 PM | 13 Jun 2023 21.55 (2.24%) 3,262.85 03:59 PM | 13 Jun 2023 68.10 (2.13%) 2,912.50 03:57 PM | 13 Jun 2023 59.90 (2.10%) • 1,855.95 03:59 PM | 13 Jun 2023 -23.50 (-1.25%) 2,462.55 03:59 PM | 13 Jun 2023 -22.25 (-0.90%) 1,131.30 03:59 PM | 13 Jun 2023 -8.35 (-0.73%) 1,373.15 03:59 PM | 13 Jun 2023 -8.25 (-0.60%)

Visa Steel Limited Quick Overview VISA Steel Limited is engaged in the manufacturing of iron and steel products and high carbon ferro chrome with captive power plant in Odisha. It operates in two segments: Special Steel and Ferro Alloys. The Company has manufacturing assets for production of Ferro Alloys at Kalinganagar in Odisha. The Company has set up a 150,000 tons per annum Ferro Chrome Plant at Kalinganagar in Odisha. It provides facilities, which includes six submerged arc furnaces with 3x25 megawatt (MW) power generating Units. It offers high carbon ferro chrome for end use in stainless steel and special steel manufacturing. The Company’s subsidiaries include Kalinganagar Special Steel Private Limited (KSSPL), Kalinganagar Chrome Private Limited (KCPL), VISA Ferro Chrome Limited and VISA Special Steel Limited.

Description • Visa Steel Ltd (VSL) was incorporated in 1996 as Visa Industries Ltd. The name Visa Industries Ltd was changed to Visa Steel Ltd with effect from May 4 2005. The Company is engaged in the manufacturing of Pig Iron, Coke, Coking Coal, Steam Coal, Chrome Concentrated and Iron Ore Fines. Ghotaringa Minerals Ltd is the subsidiary of VSL. Visa Energy Resources Ltd (VERL) was merged with the company with effect from 1st April 2004. According to the scheme of merger the company has issued one equity share of Rs.10/- each to the shareholders of VERL for every one equity share of Rs.10/- held by them in VERL. The company has signed a MoU with the Government of Orissa in December 2003 for setting up an integrated special and stainless steel plant at Kalinganagar Industrial Complex. It was started by setting up a 250 cbm blast furnace at a captial cost approximately Rs.960 million with Tata Korf/SMS Demag technology for producing 225000 tpa pig Iron. Further the company is setting up a stamp-charged heat recovery coke Oven plant which is expected to be commissioned in first half of 2006. During February the company has made an Initial Public Offer of 35000000 equity shares of Rs.10 each at a price band Rs.52 to Rs.57 per equity share. The objects of issue is to meet the capital expense of Integrated special and stainless steel plant like setting up Ferro Chrome Plant, Sponge Iron Plant, Waste Heat Recovery Power Plant, Special and Stainless Steel Plant and Associated In...

Visa Steel Ltd. is a Public Limited Listed company incorporated on 10/09/1996 and has its registered office in the State of Orissa, India. Company’s Corporate Identification Number(CIN) is L51109OR1996PLC004601 and registration number is 004601. Currently Company is involved in the business activities of Manufacture of basic iron and steel. Company’s Total Operating Revenue is Rs. 792.00 Cr. and Equity Capital is Rs. 115.79 Cr. for the Year ended 31/03/2022.