Visakhapatnam Steel Plant, popularly known as Vizag Steel (Telugu: విశాఖ ఉక్కు కర్మాగారం), is the most advanced steel producer[citation needed] in India with the help of German and Soviet technology. Its products have been rated[by whom?] the best in the world market. The company has grown from a loss-making industry to 3-billion-dollar turnover company registering a growth of 203.6% in just four years. Vizag Steel Plant was conferred Navratna status on 17 November 2010.[1] Founded in 1971, the company focuses on producing value-added steel, with 214,000 tonnes produced in August 2010, out of 252,000 tonnes total of salable steel produced.[2] It is the largest single site plant in India and Asia minor (or south and east Asia combined).
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