What we do Visa Steel Ltd manufactures high carbon ferro chrome and operates integrated special steel and ferroalloy plants in Odisha, India, serving industrial metal sectors. |
Founded in 1,996 |
Market share Key player in India's ferro chrome and special steel sector with captive power generation capabilities. |
Problem solved Provides essential ferro alloys and special steel products to support manufacturing and infrastructure industries. |
Top clients or who we serve Industrial clients in steel production and ferroalloy sectors; primarily B2B. |
Key management - |
Our journey and innovations Started as Visa Industries in 1996; merged with Visa Energy Resources in 2004; expanded integrated steel facilities with Tata Korf/SMS Demag tech. |
Where we operate Manufacturing and operations primarily in Odisha, India, with some export revenues outside India. |
Top products or what we offer High carbon ferro chrome; integrated special and stainless steel products; captive power generation. |
Top brands Visa Steel (integrated special steel and ferro chrome facilities) |
Raw materials needed Chrome ore, coke, iron ore, and other alloy materials. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly cyclical, linked to industrial demand and metal prices. |
Our industry position Significant player in ferro chrome and special steel segments in India with integrated manufacturing setup. |
Financial highlights FY 2024-25 revenue Rs.566.49 crores; net loss Rs.516.55 crores due to exceptional items and impairment. |
Geographical revenue split India contributes ~97% revenue; rest from outside India. |
Order book - |
Whats driving growth Steel infrastructure demand, strategic expansions, and debt resolution efforts. |
Our future plans Focused on debt restructuring and operational efficiency to sustain going concern status. |
Our green promise - |
Our people and values Employs over 300, emphasizes training, inclusive culture, and performance management. |
Key challenges ahead Financial stress, debt restructuring, market volatility, and operational funding constraints. |
Interesting facts Set up integrated plant with Tata Korf/SMS Demag technology; longstanding Odisha operations. |
Risks and strategy Facing financial risks; pursuing out-of-court debt restructuring and cost reduction strategies. |
