Captive mine remains a pipe dream for Vizag Steel

Auction route makes it tougher for Vizag Steel to get one

Vizag Steel Plant, the only steel manufacturing facility among the public sector unit (PSU) steel plants that have no captive iron ore mine, sees little chances of getting one under the present auction route owing to unmatched competition from private players.

Established in the port city of Visakhapatnam about 35 years ago, this Navaratna steel plant has been running on iron ore supplies from NMDC since the beginning.
 

While there were no clear reasons as to why this PSU steel unit was not allocated a captive mine all these years, the effort to secure a mine in a