Company Directory - Vizag Steel Plant
Company Details - Vizag Steel Plant

Vizag Steel Plant
WebsiteVisakhapatnam, India
Visakhapatnam Steel Plant, also known as Rashtriya Ispat Nigam Limited, is a public sector steel manufacturer located in India. It primarily produces hot-rolled steel and other steel products, playing a significant role in the steel industry of the country. The plant is notable for its modern facilities and has been pivotal in catering to both domestic and international steel demands.
CCI Score
CCI Score: Vizag Steel Plant
-4.01
0.02%
Latest Event
1,500 Days of Protest: Workers Rally Against Privatization and Mismanagement
On March 22, 2025, protestors organized a candlelight rally and human chain in Visakhapatnam, demanding the revocation of privatization plans for the Vizag Steel Plant, a merger with SAIL, permanent leadership appointments, and resolution of longstanding issues such as unpaid salaries and management vacancies. The sustained protests reflect deep concerns over the plant’s failure to uphold workers' rights and proper administrative governance.
Take Action
So what can you do? It's time to make tough choices. Where will you cast your vote?
- Shop Alternatives
SEE ALL - Use Your Voice
OTHER TOOLS - Investigate
- Share the Score
SUPPORT CCI
BYSTANDER
Vizag Steel Plant is currently rated as a Bystander.
Latest Events
- MAR222025
On March 22, 2025, protestors organized a candlelight rally and human chain in Visakhapatnam, demanding the revocation of privatization plans for the Vizag Steel Plant, a merger with SAIL, permanent leadership appointments, and resolution of longstanding issues such as unpaid salaries and management vacancies. The sustained protests reflect deep concerns over the plant’s failure to uphold workers' rights and proper administrative governance.
-60
Labor Relations and Human Rights Practices
April 20
The persistent management vacancies, unresolved unpaid salaries, and overall administrative neglect at Vizag Steel Plant have precipitated widespread protests. This failure to secure workers' rights and uphold labor standards demonstrates a significant shortfall in the company's business practices and ethical responsibility, thereby negatively impacting its stance from an anti-fascist perspective.
Unyielding Protest: 1,500 Days of Defiance Against Visakhapatnam Steel Plant’s Privatization
- FEB092025
The Union government announced a Rs 11,440 crore revival package for Vizag Steel, aimed at rescuing the public sector enterprise amid ongoing protests against its proposed privatisation. Critics contend that the package is only a temporary fix, calling instead for the allocation of dedicated iron ore mines to secure sustainable operations and safeguard worker rights.
+70
Public and Political Behavior
April 20
The revival package and related political discourse highlight a strong defense of public enterprise against privatisation. The mobilization of trade unions and public leaders underscores a commitment to democratic accountability and worker representation, which counters authoritarian and neoliberal agendas.
Vizag Steel: A People’s Steel Plant and the Struggle Against Privatisation – Janata Weekly
+60
Labor Relations and Human Rights Practices
April 20
Vizag Steel’s strong ties with its workforce and community are evident in the ongoing struggle against privatisation. The revival package reinforces the plant’s commitment to fair labor practices and social justice, reflecting ethical business practices that prioritize worker rights over profit-driven privatization.
Vizag Steel: A People’s Steel Plant and the Struggle Against Privatisation – Janata Weekly
+50
Economic and Structural Influence
April 20
Vizag Steel plays a pivotal role in the regional economy and social fabric of Visakhapatnam. The revival package is seen as a strategic move to preserve its economic contributions and community influence against pressures for privatisation that could undermine local development and equitable resource distribution.
Vizag Steel: A People’s Steel Plant and the Struggle Against Privatisation – Janata Weekly
- JAN172025
The Modi government announced an Rs 11,440 crore revival package for Vizag Steel Plant amid ongoing 1,430-day sit-in protests by left-affiliated trade unions against earlier privatization plans, highlighting the politicization of this public sector enterprise.
-10
Public and Political Behavior
April 20
The revival package was announced in a politically charged environment where the government’s move is seen as bolstering its political allies, intertwining state enterprise decisions with partisan interests. Although the intervention comes amid massive union protests, the politicization of the enterprise raises concerns regarding public accountability and transparency.
-50
Labor Relations and Human Rights Practices
April 20
The prolonged 1,430-day relay sit-in protest by workers, supported by left-affiliated trade unions, underscores deep-rooted concerns over privatization plans which many fear would jeopardize workers' rights and livelihoods. This labor unrest highlights significant deficiencies in fair labor practices and the company's handling of worker interests.
- DEC152023
In December 2023, Vizag Steel's management announced a memorandum of understanding with JSPL to secure working capital and raw materials for its Blast Furnace 3. The deal, set against a backdrop of widespread union protests and political maneuvering ahead of the Andhra Pradesh elections, has raised concerns that the move is a step toward privatization that undermines worker rights and public accountability.
-50
Business Practices and Ethical Responsibility
April 20
By signing the MoU with JSPL amid significant union opposition and political pressure to privatize, Vizag Steel's management has taken an action that may erode public oversight and worker protections. This move aligns with a broader trend of privatization that undermines ethical business practices and the social responsibility expected of a public sector enterprise.
Fate of Vizag Steel hangs in the balance with elections around the corner
-30
Economic Collaboration
April 20
The MoU with JSPL introduces private capital into Vizag Steel, furthering a structural shift towards privatization. This economic collaboration is viewed as compromising the long-term public interest and worker welfare by facilitating a move away from state-controlled operations.
Fate of Vizag Steel hangs in the balance with elections around the corner
- APR152023
On 15 April 2023, hundreds of employees from Vizag Steel Plant participated in a 25 km padayatra to protest the Centre's stance on privatisation and disinvestment, as reported by the Kamgar Ekta Committee (KEC) correspondent. The protest reflects deep concerns among workers over government plans that could undermine public sector employment and workers' rights.
+80
Labor Relations and Human Rights Practices
April 20
The workers' organized protest against privatisation efforts marks a positive display of labor solidarity, defending public sector assets and worker rights. This is seen as a progressive, anti-authoritarian action that challenges market-driven disinvestment, aligning with anti-fascist values. The protest highlights concerns over potential loss of job security and deterioration of labor conditions, reinforcing collective resistance to policies that favor privatization over public welfare.
- APR142023
On April 14, 2023, a Press Information Bureau release confirmed that the disinvestment process for Rashtriya Ispat Nigam Limited (Vizag Steel Plant) is proceeding despite earlier signals to strengthen the plant. This reversal comes amid two years of protests by workers and unions demanding cancellation of privatization and protection of labor rights.
-40
Public and Political Behavior
April 20
The government’s U-turn on halting disinvestment undermines the traditional public-sector accountability of Vizag Steel Plant. This shift may weaken the plant's commitment to serve public interests, risking greater susceptibility to neoliberal privatization pressures.
In another U-turn, Centre says RINL disinvestment still on table
-35
Labor Relations and Human Rights Practices
April 20
Protests that have endured for two years with slogans like 'Visakha Ukku-Andhrula Hakku' highlight the deep-seated concerns of workers regarding potential privatization. This indicates that the company’s trajectory under the disinvestment process may neglect the protection of labor rights and fair working conditions.
In another U-turn, Centre says RINL disinvestment still on table
-20
Regulatory Capture
April 20
The ongoing disinvestment process introduces significant economic restructuring. Such structural changes carry risks of diminishing community safeguards and long-term public accountability, potentially leaving workers and local communities vulnerable.
In another U-turn, Centre says RINL disinvestment still on table
Alternatives

Mumbai, India
10.11

Mumbai, India
8.83

Visakhapatnam, India
-9.66

Dardanelle, United States
42.66
São Paulo, Brazil
35.44

Charlotte, United States
13.34

Luxembourg City, Luxembourg
6.97

Tokyo, Japan
-6.08

Cleveland, United States
-15.22

Tokyo, Japan
-23.54
Corporate Financials
- Revenue
- 2025
- $1.20B
- Total Assets
- 2025
- $1.00B
- Operating Income
- 2025
- $150.00M
- Total Equity
- 2025
- $800.00M
Industries
- 331110
- Iron and Steel Mills and Ferroalloy Manufacturing
- 331210
- Iron and Steel Pipe and Tube Manufacturing from Purchased Steel
- 331320
- Steel Wire Drawing