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visa steel ltd (VISASTEEL) Details

VISA Steel Limited manufactures and sells steel, ferro alloys, and metallurgical coke products primarily in India. The company operates through Special Steel and Ferro Chrome segments. It offers hot metal/pig iron; DRI/sponge iron; special steel blooms/billets; bars and wire rods; and rebars for automobile, construction, infrastructure, engineering, railway, and defense sectors. The company also produces and sells carbon ferro chrome, chrome concentrates, metallurgical coke, and steam. It also exports its products to customers in China, Japan, and Korea. The company was incorporated in 1996 and is based in Kolkata, India. VISA Steel Limited is a subsidiary of VISA Infrastructure Limited.

Founded in 1996

visa steel ltd (VISASTEEL) Top Compensated Officers

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visa steel ltd (VISASTEEL) Key Developments

VISA Steel Ltd Announces Resignation of Saubir Bhattacharyya as Nominee Director

Visa Steel Ltd. has taken note of resignation of Mr. Saubir Bhattacharyya, Nominee Director of the Company effective April 06, 2015.

VISA Steel Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

VISA Steel Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, net sales/income from operation (net of excise duty) was INR 2,719.823 million against INR 3,926.017 million a year ago. Loss from operation before other income, finance cost and exceptional item was INR 89.237 million against profit from operation before other income, finance cost and exceptional item of INR 144.106 million a year ago. Loss from ordinary activities before tax was INR 577.152 million against INR 276.376 million a year ago. Net loss for the period was INR 577.152 million or INR 4.63 per basic and diluted share after extraordinary items (not annualized) against INR 302.669 million or INR 3.04 per basic and diluted share after extraordinary items (not annualized) a year ago. For the nine months, net sales/income from operation (net of excise duty) was INR 9,863.859 million against INR 9,962.092 million a year ago. Loss from operation before other income, finance cost and exceptional item was INR 133.878 million against profit from operation before other income, finance cost and exceptional item of INR 247.194 million a year ago. Loss from ordinary activities before tax was INR 1,760.341 million against INR 1,334.431 million a year ago. Net loss was INR 1,754.751 million or INR 13.59 per basic and diluted share after extraordinary items (not annualized) against INR 1,294.459 million or INR 12.02 per basic and diluted share after extraordinary items (not annualized) a year ago.

VISA Steel Ltd. Announces Board Changes

VISA Steel Ltd. announced that the Board of Directors of the company at its meeting held on February 10, 2015, has approved the appointment of Mr. Saubir Bhattacharyya as Nominee Director and Mr. Keshav Sadani as Deputy Company Secretary and Compliance Officer of the company.

 

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