(iii) Dolomite and limestone are obtained from Sundargarh district of Orissa which is 327 km away. Metallurgical coal is imported from Australia which meets about 70 per cent power requirements. But this boom could not survive for long time and soon the surplus was replaced by shortages, resulting in heavy imports. Prohibited Content 3. The following geographical factors favour its location and growth. The common denominator of all the above people is they believed in themselves, worked hard and dedicated themselves to achieve their dreams. The favourable factors are coastal location, proximity to a rich iron ore belt, availability of sparsely settled land for the project, a nearby source of fresh water in the form of a rivulet, proximity to the trunk rail line and a national highway and the presence of a minor deep water port which could be expanded. (iii) At the time of the setting up of the plant in 1923 the charcoal obtained from the forest-wood was used for smelting because coal was not available. With capacity varying from ten thousand to five lakh tonnes, these are known as mini steel plants. (iv) Dolomite is supplied by Birmitrapur. (vi) It is connected with Kolkata-Nagpur railway line. It is billed as the biggest foreign direct investment (FDI) in Indian history. The plant has the advantage of rich iron ore and limestone, which is readily available in the adjoining areas. Currently holding 67th rank among 80 largest steel makers on the globe, as certified by the Brussels- based International Iron and Steel Institute, VSP is smooth-sailing towards reaching its goal of turning into a ‘world class company in steel industry’; as a result of the effective turnaround strategy adopted by its management for the last couple of years. A Rs. (iii) The plant has a bright future with respect to its energy requirements because there are plans to replace coal imported from Australia by natural gas from the Krishna-Godavari basin. Tata Steel acquired land near Gopalpur to set up a shore based steel plant in 1997 but shelved the project later due to slow pace of development of Gopalpur port and a resistance movement by local people. Vishveshwarayya Iron & Steel Plant Ground is located in Bhadravati. Company was started in 1984 under the leadership of S Madhav and released IPO in 1990 to become public company. 6,921 crore in 2003-04. With our vision and values to nurture and support the growth of our country in place, we began a journey towards creating and developing an environment that speaks volumes. Bhadravati lies in the boarder of two Malnad districts Shimoga and Chickmagalur. It has the installed capacity of 30 lakh tonnes. Bhadravati has two major factories that take up a large part of the city:[6] the Visvesvaraya Iron and Steel Plant factory, started by Sir M. Visvesvarayya, and the Mysore Paper Mills factory. [10], The nearest airport is in Hubli, around 170 kilometres (110 mi) from Bhadravati and the next nearest airport is at Mangalore, around 198 kilometres (123 mi) from Bhadravati. According to the provisions of this policy, no industrial licence is required for the establishment of iron and steel plants of any capacity in the private sector, except for locations within 25 km of the city with a population of 10 lakh as per the 1991 census. It is situated at a distance of about 255 kilometres (158 mi) from the state capital Bengaluru and at about 20 kilometres (12 mi) from the district headquarters, Shivamogga. In the year 1997-98, this plant produced 32.14 lakh tonnes of hot metal, 25.4 lakh tonnes of liquid steel, 22.5 lakh tonnes of saleable steel and 7.7 lakh tonnes of pig iron. Hoysalas ruled the city. Currently it produces about 3 million tonnes of saleable steel. Import of metallurgical coal from Australia can be reduced considerably if proper arrangements for utilising natural gas from Krishna- Godavari basin are made.

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