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Visa Steel Ltd
VISA House 8/10,, Alipore Road
Phone: +91 3330519000p:+91 3330519000 KOLKATA, 700027  India Ticker: VISASTEELVISASTEEL
On 8/30/2017, The Reserve Bank of India referred the Company to the National Company Law Tribunal (NCLT) for Insolvency Proceedings under the Insolvency and Bankruptcy Code, 2016.
On 1/5/2018, the State Bank of India initiated Insolvency Proceedings against Visa Steel Limited with the Kolkata bench of the National Company Law Tribunal.
Business Summary
VISA Steel Limited is an India-based company engaged in the business of ferro alloys. The Company is engaged in the manufacturing of high carbon ferro chrome with a captive power plant. The Company has manufacturing assets for production of ferro alloys at Kalinganagar in Odisha. Its facilities include five submerged arc furnaces with 3x25 megawatt (MW) power generating units. It offers high carbon ferro chrome for end use in stainless steel and special steel manufacturing. The Company's subsidiaries include Kalinganagar Special Steel Private Limited (KSSPL), Kalinganagar Chrome Private Limited (KCPL), VISA Ferro Chrome Limited, VISA Special Steel Limited, and others.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/20233/31/2023Yes----

Industries
SIC Code Description
3312 Steel works, blast furnaces (including coke ovens), and rolling mills
3325 Steel foundries, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Whole-time Chairman of the Board VishambharSaran 67 12/15/2021 12/15/2004
Executive Vice Chairman of the Board, Managing Director VishalAgarwal 12/12/2012 8/11/1997
Chief Compliance Officer, Company Secretary AmishaChaturvedi 2/10/2021 2/10/2021
5 additional Officers and Directors records available in full report.

Business Names
Business Name
532721
Visa Steel Limited
VISA SunCoke Limited
VISASTEEL

General Information
Number of Employees: 1,101 (As of 3/31/2015)
Outstanding Shares: 115,789,500 (As of 9/30/2023)
Shareholders: 20,086
Stock Exchange: NSE
Fax Number: +91 3330119006


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Friday, April 19, 2024