Visa Steel Ltd

Entity type image
Type: Company
Name: Visa Steel Ltd
First reported May 04 2013 - Updated May 04 2013 - 1 reports

Indian pig iron makers shift focus amid bear market - BS

Business Standard reported that pig iron makers in India, who have been shackled by poor demand for the intermediate steel good amid tight iron ore supply, have been changing strategies to make money, something which was almost a metaphor a few quarters ... [Published Steel Guru - May 04 2013]
First reported Apr 25 2013 - Updated Apr 25 2013 - 1 reports
Jindal Steel & Power Ltd
Jindal Steel & Power Ltd

75 MoUs for projects expire

BHUBANESWAR: The MoUs signed by the state government for 75 projects since 2002 have expired. Among these 48 are steel projects. The rest are 20 from the power sector, two for cement industry and five from aluminium, automobile, ancillary and Titanium ... [Published Penn Energy - Apr 25 2013]
First reported Apr 25 2013 - Updated Apr 25 2013 - 1 reports

Panel seeks time to give report on linkage policy

The inter-ministerial committee on ore  linkage to industries within the State on a sustainable manner will request the State Government for more time to submit its report. The three-member committee, headed by Finance Minister Prasanna Acharya, on Wednesday ... [Published New Indian Express - Apr 25 2013]
First reported Apr 22 2013 - Updated Apr 22 2013 - 1 reports

Visa Steel gets nod for Scheme of Amalgamation

Visa Steel has received an approval for Scheme of Amalgamation of Kalinganagar Metcoke with itself, and their respective shareholders and creditors, under Sections 391 to 394, and other applicable provisions, if any of the Companies Act, 1956. No shares ... [Published Indian-Commodity - Apr 22 2013]
First reported Apr 22 2013 - Updated Apr 22 2013 - 1 reports

Visa Steel approval of scheme of amalgamation

Visa Steel has informed BSE that the Board of Directors of the Company vide Resolution passed by Circulation on April 20, 2013, considered and approved the Scheme of Amalgamation of Kalinganagar Metcoke Private Limited with VISA Steel Limited and their ... [Published Moneycontrol.com - Apr 22 2013]
First reported Apr 18 2013 - Updated Apr 18 2013 - 1 reports

ICC wants govt panel to solve woes of high value investors

The Odisha expert committee of the Indian Chamber of Commerce (ICC) has urged the state government to constitute a high-level committee to address problems faced by companies that have invested over Rs 1000 crore in the state.The industry chamber pointed ... [Published Smart Investor - Apr 18 2013]
First reported Apr 15 2013 - Updated Apr 15 2013 - 1 reports

Visa Steel - Cancellation of Stock Options

Visa Steel Ltd has informed BSE regarding "Cancellation of Stock Options". ... [Published Religare Securities - Apr 15 2013]
First reported Nov 21 2012 - Updated Nov 21 2012 - 1 reports

Visa Steel sells 49% stake in Visa Coke to SunCoke Energy for Rs 368cr

Kolkata-based steel maker Visa Steel has announced its decision to sell 49 per cent of its stake in its subsidiary Visa Coke to NYSE-listed SunCoke Energy for Rs 368 crore.The stake deal, which is a part of Visa Coke's corporate debt restructuring programme, ... [Published Topnews.in - Nov 21 2012]

Quotes

...Apart from cost cutting, the company has plans to boost sales by exploring new markets. A company source said that "It is true that demand for pig iron is down. We hope to cut costs by using more iron ore fines than lumps. Earlier we used to market pig iron in Gujarat only. But now, we are focusing on the North Indian market as well. We have plans to increase our sales depot in major markets too.? The biggest pig iron producer, Nilachal Ispat Nigam Ltd with an annual capacity of 1.1 million tonne has switched to steel making and will gradually curb pig iron making in the current fiscal. It commissioned the steel melting shop in March and is expected to start billet production from May onwards. It hopes to make profits this financial year on billet sales. Mr SP Patnaik MD of NINL said that "Steel Authority of India Ltd is in talks with us to buy out the entire billet produced by us. Visa Steel has also approached us. We see a great scope for billet.? Odisha based producer Mideast Integrated Steel Ltd, a Mesco group company, having a 1 million tonne pig iron plant at Kalinganagar in Odisha, also said that it had plans to cut costs by minimizing the use of high grade lump ore. Ms Rita Singh MD said that "Though we have made profits in 2012 to 13 over the previous fiscal, profitability from pig iron sales was not that impressive. We have plans to cut costs by setting up 1 more sinter plant and by less use of CLO.? Source ? Business Standard (www.steelguru.com)"
Indian pig iron makers shift focus amid bear market - BS [Published Steel Guru - May 04 2013]
"Odisha has already witnessed investments of over Rs 1,000 crore and above by several companies in different sectors. On behalf of ICC Odisha expert committee, we request you to address the problems being faced by the companies having invested Rs 1000 crore and above in the state" , Vishal Agarwal, chairman, ICC Odisha expert committee wrote to Rajesh Verma, principal secretary (steel & mines)-Odisha
ICC wants govt panel to solve woes of high value investors [Published Smart Investor - Apr 18 2013]
Confirming the deal, Visa Steel Chairman Vishambhar Saran said, "This is a great opportunity for Visa Steel to partner with SunCoke, known for its operating and technological expertise, to grow the coke business." In September, Visa Steel had announced that its board had endorsed its debt's restructuring and that it had entered into a CDR programme...
Visa Steel sells 49% stake in Visa Coke to SunCoke Energy for Rs 368cr [Published Topnews.in - Nov 21 2012]
"We listen to our shareholders and the overwhelming majority continue to support the company's position" Mike Wilson, Agrium's president and chief executive officer, said as Jana Partners LLC launched a proxy battle to replace five of the company's 11 board...
Frontrunning: November 20 [Published Zero Hedge - Nov 20 2012]

More Content

All (23) | News (14) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (1) | Press Releases (7)
sort by: Date | Relevance
State Advised to Facilitate Clearances for Coal... [Published Press Information Bureau - May 06 2013]
Indian pig iron makers shift focus amid bear ma... [Published Steel Guru - May 04 2013]
Deals - 25 April 2013 [Published In House Community - Apr 25 2013]
75 MoUs for projects expire [Published Penn Energy - Apr 25 2013]
Panel seeks time to give report on linkage policy [Published New Indian Express - Apr 25 2013]
Visa Steel gets nod for Scheme of Amalgamation [Published Indian-Commodity - Apr 22 2013]
Visa Steel approval of scheme of amalgamation [Published Moneycontrol.com - Apr 22 2013]
ICC wants govt panel to solve woes of high valu... [Published Smart Investor - Apr 18 2013]
Visa Steel - Cancellation of Stock Options [Published Religare Securities - Apr 15 2013]
US EQUITIES OPENING HEADLINES INCLUDING: PVH Co... [Published Proactiveinvestors United Kingdom RSS feed - Mar 18 2013]
SunCoke Energy and VISA Steel Launch Joint Vent... [Published EON Manufacturing - Mar 18 2013]
SunCoke Energy and VISA Steel Launch Joint Vent... [Published Business Wire Manufacturing News - Mar 18 2013]
Visa Steel sells 49% stake in Visa Coke to SunC... [Published Topnews.in - Nov 21 2012]
Frontrunning: November 20 [Published Zero Hedge - Nov 20 2012]
VISA Steel and SunCoke Energy, Inc. Announce In... [Published EON Manufacturing - Nov 20 2012]
VISA Steel and SunCoke Energy, Inc. Announce In... [Published Business Wire Photo/Multimedia News - Nov 20 2012]
VISA Steel and SunCoke Energy, Inc. Announce In... [Published Business Wire Energy News - Nov 20 2012]
VISA Steel and SunCoke Energy, Inc. Announce In... [Published Business Wire Manufacturing News - Nov 20 2012]
VISA Steel and SunCoke Energy, Inc. Announce In... [Published Business Wire News with Multimedia - Nov 20 2012]
Buy Call Bhushan Steel Ltd : Fairwealth Securit... [Published Topnews.in - Dec 18 2010]
L&T bags Visa Power's Rs. 1,600 crore contract [Published Topnews.in - Sep 28 2010]
Visa Steel net profit touches Rs 16.5 crore [Published Topnews.in - May 20 2010]
Fact Sheet for Visa Steel Ltd [Published Able2Act - May 06 2008]
1
In Focus
  •  
Vinod Kumar Singh, Prasanna Acharya, R. K. Singh, [more]
  •  
SunCoke Energy Inc, MINERALS CORPORATION LIMITED, Bhushan Steel Ltd, [more]
  •  
Chamber of Commerce, Alliance (NZ), Competition Commission of India, [more]
  •  
Joint Venture, Amalgamation, Stock Option, [more]
  •  
Boeing 787, Tysabri, iMac, [more]
  •  
Kolkata (formerly Calcutta), Bhubaneswar, Dhenkanal (India), [more]
  •  
India, Indonesia, Switzerland, [more]
  •  
Fossil Fuels, Contracts & Orders, Financial Reporting, [more]
  •  
Mining & Metals, Utilities, Banking & Financial Services, [more]
Business Wire Manufacturing News, EON Manufacturing, Topnews.in, [more]
Content Volume
Document Volume
Network
Network

Blogs

sort by: Date | Relevance
Frontrunning: November 20 [Published Zero Hedge - Nov 20 2012]
More QE could distort rather than deliver ( FT ) Soros Buying Gold as Record Prices Seen on Stimulus ( BBG ) EU Leaders Face Greek Aid Gap in Brinkmanship With IMF ( BBG ) Weak data point to bigger economic drag from Sandy ( Reuters ) Shirakawa ...
1

Press Releases

sort by: Date | Relevance
SunCoke Energy and VISA Steel Launch Joint Vent... [Published EON Manufacturing - Mar 18 2013]
SunCoke Energy and VISA Steel Launch Joint Vent... [Published Business Wire Manufacturing News - Mar 18 2013]
VISA Steel and SunCoke Energy, Inc. Announce In... [Published EON Manufacturing - Nov 20 2012]
VISA Steel and SunCoke Energy, Inc. Announce In... [Published Business Wire Photo/Multimedia News - Nov 20 2012]
VISA Steel and SunCoke Energy, Inc. Announce In... [Published Business Wire Energy News - Nov 20 2012]
1 2
About
Silobreaker
Press Room
Products
Online Service
On-Premises Software
Contact Us
Sales
Support
Legal
Terms of Use
Privacy Policy


Freebase CC-BY Some image thumbnails are sourced from Freebase, licensed under CC-BY

Copyright (C) 2013 Silobreaker Ltd. All rights reserved.
The selection and placement of stories and images on any Silobreaker page are determined automatically by a computer program.
The time or date displayed reflects when an article was added to or updated in Silobreaker.