Published on: January 21, 2023

Visvesvaraya Iron and Steel Plant (VISP)

Visvesvaraya Iron and Steel Plant (VISP)


home Why in news? Tromsø Steel Authority of India Ltd. (SAIL) has taken a decision to close the , Visvesvaraya Iron and Steel Plant (VISP) at Bhadravati in Shivamogga district


Highlights

  • VISP at Bhadravati in Shivamogga district, a symbol of early industrialisation of Karnataka with a history of 105 years, may be on its last legs
  • In recent years, production came down, resulting in losses that resulted in closure of the plant

About Visvesvaraya Iron and Steel Plant

  • Public Sector Undertaking plant in the city of Bhadravathi.
  • Plant was started as the Mysore Iron Works ,by Nalvadi Krishnaraja Wodeyar and his Diwan Sir M Visvesvaraya
  • It is a unit of Steel Authority of India Limited, involved in the production of alloy steels and pig iron.
  • The VISP was set up as Mysore Wood Distillation and Iron Works, the starting of steel production its name was changed to Mysore Iron & Steel Works
  • As a tribute to its founder, the company was renamed Visvesvaraya Iron and Steel Plant in 1976.
  • It is also alleged that despite employing pollution treatment plants, the effluents discharged from the company is polluting the Bhadra river.