VISA Group and currently a producer of Pig Iron, LAM Coke, Ferro Chrome, Sponge

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Iron and Power (the company is also setting up an integrated Special Steel Plant at Kalinganagar Industrial Complex in Orissa) has registered a revenue growth of 56 per cent to Rs. 254.52 crore, increase in EBITDA to Rs 50.71 crore and During Q3 of FY’2009-10, VISA Stee, an arm of the Rs 5,000 crore increase in PAT to Rs 12.14 crore, compared to a loss of 24.75 crore during Q3 of FY’2008-09.

Vishal Agarwal, Managing Director,VISA Steel said, “Our operational and financial performance during Q3 of FY’2009-10 continues to maintain a healthy uptrend. We continue to drive our low cost competitiveness largely due to strategic location, efficient raw materials procurement and captive power generation. With forward integration of Steel Melt Shop and Bar & Wire Rod Mill and additional powergeneration, operating profit is expected to improve further.” The VISA Group has business interests in Steel, Power, International Trading, Shipping and Logistics.