VISA Steel Limited is a subsidiary of VISA Infrastructure Limited. The Group is a minerals, metals and energy conglomerate with business interests in Steel, Power, Cement, International Trading and Urban Infrastructure etc. VISA Steel is a leading player in the Indian Special Steel industry and has its Registered office in Bhubaneswar; Corporate office in Kolkata and Branch offices across India. The Company has a strong backing of experienced Promoters, reputed Board of Directors and qualified team of professionals. A listed Company, VISA Steel’s shares are traded on the BSE and NSE. The Company is setting up an integrated 1 million TPA Special and Stainless Steel Plant at Kalinganagar Industrial Complex, Odisha. The first phase of 0.5 million TPA Special Steel Long Product Plant with 75 MW Captive Power Plant is fully operational. The facilities include a 0.4 million TPA Coke Oven Plant, 0.225 million TPA Pig Iron Plant, 0.3 million TPA Sponge Iron Plant, 0.05 million TPA Ferro Chrome Plant, 75 MW Captive Power Plant, 0.5 million TPA Steel Melt Shop (with EAF, LRF and VD) and 0.5 million TPA Rolling Mill (Bar & Wire Rod Mill). In due course capacity of this plant is planned to be doubled to 1 million TPA. The Company plans to integrate backwards to the mining of iron ore, chrome ore and coal. Captive iron ore mining leases in Odisha are presently under the process of allotment by the Government. A chrome ore deposit in Odisha is being developed through Ghotaringa Minerals Limited, a subsidiary of the Company. A share of 54 million tonne out of 640 million tonne steam coal reserve has been allotted to the company at Patrapara Coal Block in Talcher, Odisha. VISA Steel also plans to set up a fully integrated 2.5 million TPA Steel Plant with 500 MW Captive Power Plant at Raigarh in Chhattisgarh. The Company also plans to set up a 1.25 million TPA Steel Plant, 100,000 TPA Manganese Alloy Plant and 300 MW Captive Power Plant in Madhya Pradesh. The Company plans to integrate backwards to the mining of Iron Ore in Chhattisgarh and Manganese Ore in MP for which grant of captive lease is presently under the process of allotment by the Government. VISA BAO Limited A subsidiary of VISA Steel (with a shareholding of 65%, the balance 35% being held by Baosteel - one of the largest Steel and Stainless Steel manufacturers in China) is setting up 4x16.5 MVA Submerged Arc Furnaces for production of 100,000 TPA Ferro Chrome at Kalinganagar in Odisha. The Company will add value to the locally available Chrome Ore and Chrome Concentrates into Ferro Chrome. A significant quality of ferro chrome produced at this plant will be exported to China and the balance to Japan, S. Korea, Taiwan, Europe & USA etc. The plant is expected to be operational by June, 2012. Ghotaringa Minerals Limited A subsidiary of VISA Steel (with a shareholding of 89% and the balance 11% held by Odisha Industries Limited) has prospected an area for Chrome Ore in the Dhenkanal district of Odisha which is under development.

VISA Steel Limited is a subsidiary of VISA Infrastructure Limited. The Group is a minerals, metals and energy conglomerate with business interests in Steel, Power, Cement, International Trading and Urban Infrastructure etc. VISA Steel is a leading player in the Indian Special Steel industry and has its Registered office in Bhubaneswar; Corporate office in Kolkata and Branch offices across India. The Company has a strong backing of experienced Promoters, reputed Board of Directors and qualified team of professionals. A listed Company, VISA Steel’s shares are traded on the BSE and NSE. The Company is setting up an integrated 1 million TPA Special and Stainless Steel Plant at Kalinganagar Industrial Complex, Odisha. The first phase of 0.5 million TPA Special Steel Long Product Plant with 75 MW Captive Power Plant is fully operational. The facilities include a 0.4 million TPA Coke Oven Plant, 0.225 million TPA Pig Iron Plant, 0.3 million TPA Sponge Iron Plant, 0.05 million TPA Ferro Chrome Plant, 75 MW Captive Power Plant, 0.5 million TPA Steel Melt Shop (with EAF, LRF and VD) and 0.5 million TPA Rolling Mill (Bar & Wire Rod Mill). In due course capacity of this plant is planned to be doubled to 1 million TPA. The Company plans to integrate backwards to the mining of iron ore, chrome ore and coal. Captive iron ore mining leases in Odisha are presently under the process of allotment by the Government. A chrome ore deposit in Odisha is being developed through Ghotaringa Minerals Limited, a subsidiary of the Company. A share of 54 million tonne out of 640 million tonne steam coal reserve has been allotted to the company at Patrapara Coal Block in Talcher, Odisha. VISA Steel also plans to set up a fully integrated 2.5 million TPA Steel Plant with 500 MW Captive Power Plant at Raigarh in Chhattisgarh. The Company also plans to set up a 1.25 million TPA Steel Plant, 100,000 TPA Manganese Alloy Plant and 300 MW Captive Power Plant in Madhya Pradesh. The Company plans to integrate backwards to the mining of Iron Ore in Chhattisgarh and Manganese Ore in MP for which grant of captive lease is presently under the process of allotment by the Government. VISA BAO Limited A subsidiary of VISA Steel (with a shareholding of 65%, the balance 35% being held by Baosteel - one of the largest Steel and Stainless Steel manufacturers in China) is setting up 4x16.5 MVA Submerged Arc Furnaces for production of 100,000 TPA Ferro Chrome at Kalinganagar in Odisha. The Company will add value to the locally available Chrome Ore and Chrome Concentrates into Ferro Chrome. A significant quality of ferro chrome produced at this plant will be exported to China and the balance to Japan, S. Korea, Taiwan, Europe & USA etc. The plant is expected to be operational by June, 2012. Ghotaringa Minerals Limited A subsidiary of VISA Steel (with a shareholding of 89% and the balance 11% held by Odisha Industries Limited) has prospected an area for Chrome Ore in the Dhenkanal district of Odisha which is under development.