RINL's VSP plant begins mega-expansion project

RINL’s VSP plant begins mega-expansion project

Indian public sector steel producer Rashtriya Ispat Nigam Ltd.'s Vizag Steel Plant (VSP) has now initiated a major expansion plan to increase the plant's capacity to 10 million tons of steel involving an investment of Rupees 180 billion ($3.9 billion). The first phase of expansion is estimated to cost Rupees 30 billion ($647 million), while the second and third phase will require capital expenditures of Rupees 60 billion ($1.294 billion) and Rupees 90.98 billion ($1.963 billion), respectively. VSP's managing director has stated that the expansion project will be implemented in three phases to achieve a total plant capacity of 5 million tons by 2008, 6.8 million tons by 2012, and 10 million tons by 2018.