
Monthly Update1 Sept 2025, 05:33 pm
Visa Steel Ltd. Announces 29th AGM for FY 2024-25, Reports Revenue of INR 5,664.90 Million
AI Summary
Visa Steel Ltd. has announced the notice for its 29th Annual General Meeting (AGM) to be held on 24th September 2025. The company has reported a revenue of INR 5,664.90 million for the financial year 2024-25, a decrease from INR 6,698.98 million in the previous year. The operations continued under a conversion arrangement due to non-availability of working capital. The company is focused on implementing debt resolution as per RBI guidelines and plans to raise funds for working capital by inducting an investor. The industry saw a reduction in Chrome Ore production and increased Ferro Chrome production. The company's vision is to create long-term stakeholder value through the value addition of natural resources.
Key Highlights
- Notice of 29th AGM for FY 2024-25
- Revenue of INR 5,664.90 million for FY 2024-25
- Operations continued under conversion arrangement
- Focus on debt resolution and raising funds for working capital
- Reduction in Chrome Ore production and increased Ferro Chrome production in the industry