Rashtriya Ispat Nigam Ltd, the corporate entity of Visakhapatnam Steel Plant (VSP), said it is all set to play an active role in building "people's capital city" in Andhra Pradesh's Amaravathi with the opening of its branch sales office (BSO) here today.
RINL is set to participate in a big way in the development of the capital city with the support of state government, particularly chief minister N Chandrababu Naidu, RINL chairman cum managing director P Madhusudan said while speaking at the inaugural function.
Infrastructure, housing and education projects are coming up in a grand scale in the capital city and VSP products will have strong demand in the regional development, he said.
Madhusudan said RINL will open a Nodal Stock Yard, along with its branch office in Vijayawada to cater to the customer needs for forward requirement in the south and western regions.
The BSO here in Ring Road area is its 24th branch sales office in the country.
The main reason for opening the branch sales office at Vijayawada was to cater to the steel requirements of the Capital Region Development Agency (CRDA) and make steel available at the doorstep in Amaravathi, he said.
He said VSP has recently expanded from 3 million ton per annum (MTPA) to 6.3 MTPA of liquid steel capacity at a cost of Rs 12,500 crores.
The corporate vision envisages that RINL would scale up to 7.3 MTPA capacity by modernising its existing facilities by 2017-18. The plant's capacity will also be increased to 20 MTPA by 2032-33 in a phased manner.
