VISA Steel Limited is a part of the Rs 5,000 Crore (USD 1 Billion) VISA Group, founded in 1994 by Mr. Vishambhar Saran and Mrs. Saroj Agarwal. The VISA Group is a minerals, metals and energy conglomerate with business interests in Steel, Power, Mining, International Trading, Shipping and Logistics and a strong global presence in countries including India, China, Australia, Indonesia, South Africa and Singapore. VISA Steel with a sales turnover of over Rs. 1,000 Crore is a leading player in the Indian Steel industry and has its Registered office in Bhubaneswar; Corporate office in Kolkata and Branch offices across India. The Company has a strong backing of experienced Promoters, reputed Board of Directors and qualified team of professionals. A listed Company, VISA Steel's shares are traded on the BSE and NSE. The Company is setting up an integrated 2.5 million TPA Special and Stainless Steel Plant at Kalinganagar Industrial Complex, Orissa with a total investment of Rs. 9,500 Crores. The first phase includes a 1 million TPA Special and Stainless Long Product Plant with 375 MW Captive Power Plant with an investment of Rs. 3,500 Crore. The facilities include a Pig Iron Plant, Coke Oven Plant, Ferro Chrome Plant, Sponge Iron Plant, Power Plant, Steel Melt Shop, Rolling Mill etc. The Company plans to integrate backwards to the mining of iron ore, chrome ore and coal. Captive iron ore mining leases in Orissa are presently under the process of allotment by the Government. A chrome ore deposit in Orissa is being developed through Ghotaringa Minerals Limited, a subsidiary of the Company. A share of 54 million tonne steam coal reserve has been jointly allotted at Patrapara Coal Block in Talcher, Orissa. VISA Steel is also setting up a fully integrated 2.5 million TPA Steel Plant with 500 MW Captive Power Plant at Raigarh in Chhattisgarh with a total investment of Rs. 8,000 Crore. The Company is setting up a 1.25 million TPA Steel Plant, 100,000 TPA Manganese Alloy Plant and 300 MW Captive Power Plant in Madhya Pradesh. The Company plans to integrate backwards to the mining of Iron Ore and Coal in Chhattisgarh. Captive Iron Ore mining leases in Chhattisgarh are presently under the process of allotment by the Government and Coal Block is under consideration by Ministry of Coal. VISA BAO Limited A subsidiary of VISA Steel (with a shareholding of 65%, the balance 35% being held by Baosteel - one of the largest Steel and Stainless Steel manufacturers in China) is setting up a 100,000 TPA Ferro Chrome Plant at Kalinganagar in Orissa. The Company will add value to the locally available Chrome Ore and Chrome Concentrates into Ferro Chrome for onward exports to China. Ghotaringa Minerals Limited A subsidiary of VISA Steel with a shareholding of 89% and the balance 11% held by Orissa Industries Limited is currently prospecting an area for Chrome Ore or any other mineral available in the Dhenkanal district of Orissa.