VISA Steel Limited is a prominent Indian minerals and metals company, primarily engaged in the production of Ferroalloys and stands as a significant player in India's metals and mining sector. Founded in 1996, it has evolved into a comprehensive metals manufacturing enterprise with a focus on value-added steel products and ferro alloys production.
VISA Steel Limited is a subsidiary of VISA Infrastructure Limited. The VISA Group is a minerals, metals, and energy conglomerate with business interests in Steel, Power, Cement, International Trading, and Urban Infrastructure. The company operates under the leadership of Mr. Vishambhar Saran, who serves as Chairman and CEO, bringing extensive experience to guide the organization's strategic direction.
The company operates sophisticated manufacturing facilities strategically located within the Kalinganagar Industrial Complex in Jajpur district, Odisha, India. VISA Steel is operating a 0.5 million TPA Integrated Special Steel Plant, a 50,000 TPA Ferro Chrome Plant, and a 75 MW Captive Power Plant at Kalinganagar in Odisha. The manufacturing setup demonstrates the company's commitment to integrated production processes with captive power generation capabilities.
VISA Steel manufactures High Carbon Ferro Chrome as per International Quality Standards for end-use in Stainless Steel and Special Steel manufacturing. It is engaged in the manufacturing of iron and steel products, including pig iron, sponge iron, special steel, and high carbon ferrochrome, supported by its captive power plant at Kalinganagar, Odisha. The company's product portfolio encompasses special steel long products, ferro chrome, and coke, catering to diverse industrial applications.
The operational capacity includes a 225,000 TPA Pig Iron Plant, 300,000 TPA Sponge Iron Plant, 500,000 TPA Steel Melt Shop (with EAF, LRF, and VD), and a 500,000 TPA Rolling Mill (Bar & Wire Rod Mill). This comprehensive setup positions VISA Steel as an integrated producer capable of handling the entire value chain from raw material processing to finished steel products.
VISA Steel maintains its registered office in Bhubaneswar, Odisha, and its corporate office in Kolkata, West Bengal. The company is publicly traded and listed on both the Bombay Stock Exchange (BSE) under the symbol 532721 and the National Stock Exchange of India (NSE) under the symbol VISASTEEL. This dual listing provides investors with multiple avenues for trading and ensures broader market accessibility.
The company employs a substantial workforce with 319 total employees according to recent data, indicating a lean operational structure focused on efficiency and productivity.
As of recent market data, the market capitalization of Visa Steel Ltd (VISASTEEL) is ₹433.86 Cr as of 7th July 2025. The company has experienced significant financial challenges in recent periods. For the financial year ended March 2025, the company reported several key metrics:
• Sales: Declined 15.44% to Rs 566.49 crore in the year ended March 2025, as against Rs 669.90 crore during the previous year ended March 2024.
• Net Loss: Reported Rs 516.55 crore in the year ended March 2025, as against a net loss of Rs 71.89 crore during the previous year ended March 2024.
• Promoter Holding: Increased to 52.66% as of March 2025 from 48.27% as of June 2024.
The company's stock has shown volatility, with the 52-week high of Visa Steel Ltd (VISASTEEL) being ₹45.48 and the 52-week low being ₹19.60, reflecting the challenging market conditions and operational difficulties the company has faced.
VISA Steel has ambitious expansion plans across multiple states. It plans to set up a fully integrated Steel Plant at Raigarh in Chhattisgarh. The Company also plans to establish a Steel Plant and a Manganese Alloy Plant in Madhya Pradesh. These expansion initiatives demonstrate the company's long-term growth strategy and commitment to geographical diversification.
The Company plans to integrate backwards into the mining of iron ore, chrome ore, and coal. Captive iron ore mining leases in Odisha are presently under the process of allotment by the Government. This backward integration strategy aims to secure raw material supplies and reduce input costs, potentially improving operational efficiency and profitability in the long term.
VISA Steel is committed to improving the lives of people in neighboring communities and contributing to the economic and social development of the Nation. The Group fulfills its Corporate Social Responsibility through VISA Trust and directs its community development programmes in the areas of education, healthcare, rural development, sports, and culture.
The company operates with a strong value system emphasizing transparency, teamwork, passion, attitude, and governance, which forms the foundation of its organizational culture and business practices.
VISA Steel Limited represents a significant player in India's ferro alloys and special steel sector, with substantial manufacturing capabilities and ambitious expansion plans. However, it is currently facing financial challenges that require strategic management attention for sustainable growth.
