- CEO
- Vishambhar Saran
- Full Time Employees
- 323
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- VISA House Kolkata WB India 751015
- IPO Date
- Mar 14, 2006
- Business
- VISA Steel Limited manufactures high carbon ferro chrome, sponge iron, pig iron, billets, blooms, bars, and wire rods for stainless steel and special steel applications. The company operates a 125,000 TPA ferro chrome plant with five submerged arc furnaces and three 25 MW captive power units at Kalinganagar in Odisha; it maintains chrome ore beneficiation and grinding plants at Golagaon; and runs facilities for pig iron, sponge iron, steel melting shop with electric arc furnace, ladle refining furnace, vacuum degassing, and rolling mill producing bars and wire rods ranging from 5.50 mm to 63 mm. VISA Steel Limited, founded in 1996 and headquartered in Bhubaneswar, India, with a corporate office in Kolkata, focuses on the ferro alloys and special steel sectors primarily serving domestic stainless steel producers and international markets. The company holds a 51% stake in VISA SunCoke Limited, a joint venture with SunCoke Energy for metallurgical coke production, and owns subsidiary Kalinganagar Chrome Private Limited. In October 2025, VISA Steel's board approved a preferential issue of 50 million convertible warrants at INR 40 each to promoter group entity VISA Industries Limited for INR 2 billion, with INR 500 million received upfront by November 2025 and the balance due upon conversion within 18 months, potentially increasing VISA Industries' stake to 40.17% from 14.33%; in May 2024, the Supreme Court vacated a stay on the NCLT-sanctioned scheme transferring its special steel business to VISA Special Steel Limited, affirming the prior implementation.