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Vizag Steel
4.1
based on 514 Reviews
Video summary
Company Overview
Company Locations
Working at Vizag Steel
Company Summary
Vizag Steel Plant is a key player in the steel industry, recognized for high-quality long products, and is the first shore-based integrated steel facility in India.
Overall Rating
4.1/5
based on 514 reviews
5% above
industry average
Highly rated for
Work-life balance, Job security, Work satisfaction
Critically rated for
Promotions
Work Policy
Work from office
91% employees reported
Monday to Saturday
67% employees reported
Strict timing
52% employees reported
No travel
57% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
31 employees reported
Health insurance
29 employees reported
Cafeteria
26 employees reported
Child care facility
17 employees reported
View all benefits
About Vizag Steel
Founded in1971 (54 yrs old)
India Employee Count10k-50k
Global Employee Count10k-50k
India HeadquartersVisakhapatnam/Vizag, Andhra Pradesh, India
Office Locations
Websitevizagsteel.com
Primary Industry
Other Industries
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View in video summary
Rashtriya Ispat Nigam Limited, the corporate entity of Visakhapatnam Steel Plant is a Navaratna PSE under the Ministry of Steel. Visakhapatnam Steel Plant fondly called Vizag steel. It is the first shore based Integrated Steel Plant in the country and is known for its quality products delighting the customers. It is a market leader in long products and it caters to the needs of diverse Industrial sectors. It is the first Steel plant to be certified ISO 9001:2008 (presently2015), ISO 14001:2004 (presently2015), OHSAS 18001:2007 and ISO/IEC 27001:2013 Standards. It is also the first PSE to be certified ISO 50001:2011 - Energy Management Systems and has acquired CMMI Level 3 Certification for s/w development.
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Vizag Steel Ratings
based on 514 reviews
Overall Rating
4.1/5
How AmbitionBox ratings work?
5
254
4
154
3
72
2
14
1
20
Category Ratings
4.3
Work-life balance
4.1
Job security
3.9
Work satisfaction
3.8
Company culture
3.8
Skill development
3.6
Salary
3.2
Promotions
Vizag Steel is rated 4.1 out of 5 stars on AmbitionBox, based on 514 company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Vizag Steel
based on 466 reviews
4.2
Rated by 45 Women
Rated 4.3 for Work-life balance and 4.3 for Job security
4.1
Rated by 421 Men
Rated 4.3 for Work-life balance and 4.1 for Job security
Work Policy at Vizag Steel
based on 71 reviews in last 6 months
Work from office
91%
Permanent work from home
5%
Hybrid
4%
Vizag Steel Reviews
Top mentions in Vizag Steel Reviews
+ 5 more
Compare Vizag Steel with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.1/5 based on 514 reviews | 4.1/5 based on 7.2k reviews | 3.9/5 based on 5.7k reviews | 4.1/5 based on 571 reviews |
Highly Rated for | Work-life balance Job security Work satisfaction | Job security Skill development Work-life balance | Job security Skill development | Job security Work-life balance Skill development |
Critically Rated for | Promotions | No critically rated category | Promotions | No critically rated category |
Primary Work Policy | Work from office 91% employees reported | Work from office 71% employees reported | Work from office 87% employees reported | Work from office 89% employees reported |
Rating by Women Employees | 4.2 Good rated by 45 women | 4.0 Good rated by 462 women | 3.8 Good rated by 258 women | 4.0 Good rated by 54 women |
Rating by Men Employees | 4.1 Good rated by 421 men | 4.1 Good rated by 6.3k men | 3.9 Good rated by 5.1k men | 4.1 Good rated by 467 men |
Job security | 4.1 Good | 4.1 Good | 4.1 Good | 4.2 Good |
View more
Vizag Steel Salaries
Vizag Steel salaries have received with an average score of 3.6 out of 5 by 514 employees.
Deputy Manager
(58 salaries)
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₹10 L/yr - ₹20 L/yr
Graduate Apprenticeship Trainee
(48 salaries)
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₹0.6 L/yr - ₹2.4 L/yr
Deputy General Manager
(42 salaries)
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₹12.6 L/yr - ₹55 L/yr
Graduate Apprentice Trainee
(31 salaries)
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₹0.6 L/yr - ₹2.4 L/yr
Senior Operations Manager
(20 salaries)
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₹12 L/yr - ₹35 L/yr
Assistant General Manager
(16 salaries)
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₹18 L/yr - ₹49 L/yr
Senior Manager Finance & Accounts
(16 salaries)
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₹18 L/yr - ₹26.4 L/yr
Senior Technician
(16 salaries)
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₹4 L/yr - ₹8 L/yr
General Manager
(15 salaries)
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₹25 L/yr - ₹45 L/yr
Supervisor
(14 salaries)
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₹2.1 L/yr - ₹4.5 L/yr
Vizag Steel Interview Questions
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Vizag Steel News
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Polavaram project and steel plant revitalisation featured in Union Budget for Andhra Pradesh
- The Union Budget for Andhra Pradesh included allocations for the Polavaram project and the revitalization of the Visakhapatnam Steel Plant.
- ₹5,936 crore was allocated for Polavaram, with an additional balance grant of ₹12,157 crore given based on revised estimates.
- ₹3,295 crore was earmarked for the revival of Visakhapatnam Steel Plant, which is a politically sensitive issue in the state.
- Other allocations included funds for health, natural farming, skill development, roads, buildings, and irrigation.
HinduBusinessLine | 1 Feb, 2025
Union Minister Srinivasa Varma Says SAIL Won't Merge With Debt-Laden Vizag Steel Plant
- Union Minister of State for Steel B Srinivasa Varma stated that the Steel Authority of India rejected the idea of merging the debt-laden Vizag Steel Plant with itself.
- SAIL officials raised objections to merging a company plagued with debts, according to the minister.
- The minister mentioned that SAIL officials requested the handover of Vizag Steel Plant's management after it resolves its debts.
- The government sanctioned a financial support package of Rs 11,440 crore to prevent the privatization of Vizag Steel Plant.
Bloomberg Quint | 24 Jan, 2025
Over 600 workers opt for VRS at Visakhapatnam Steel Plant
- Around 600 employees of the Visakhapatnam Steel Plant (VSP) have applied for the Voluntary Retirement Scheme (VRS).
- The VRS aims to rationalise manpower, reduce costs, and improve productivity.
- Dissatisfaction with the financial package, work pressure, delayed salary payments, and health concerns are cited as reasons for opting for early retirement.
- The reduced workforce may pose challenges in managing operations and may lead to a further decrease in permanent employee strength.
HRKatha | 21 Jan, 2025
Cabinet approves ₹12,000 crore revival boost for RINL, fresh equity infusion, working capital addition on cards
- India’s cabinet has approved a ₹12,000 crore revival package for state-owned steelmaker, RINL.
- The package includes equity infusion of 90%, working capital addition, and issuance of redeemable preference shares.
- The revival plan aims to safeguard the future of around 30,000-35,000 employees.
- A second tranche of equity infusion may be considered based on the steelmaker's performance.
HinduBusinessLine | 17 Jan, 2025
RINL launches voluntary retirement scheme for regular employees
- RINL, the corporate entity of VSP, has launched a Voluntary Retirement Scheme (VRS) for its regular employees.
- The scheme aims to streamline manpower, optimise resource utilisation, reduce costs, and boost productivity.
- Employees must have completed at least 15 years of service and be 45 years or older to qualify for the VRS.
- The VRS guarantees a minimum compensation of Rs 25,000 or 250 days of salary, whichever is higher.
HRKatha | 14 Jan, 2025
Visakhapatnam Steel Plant employees rally for merger with SAIL
- Hundreds of employees from the Visakhapatnam Steel Plant (VSP) staged a massive protest demanding the plant’s merger with Steel Authority of India (SAIL).
- The workers believe integration with SAIL would provide financial backing and operational expertise to revive the plant’s fortunes and secure their jobs.
- Employees also raised concerns over inconsistent payment of salaries, which have impacted their financial stability.
- The protest highlighted the workforce's resolve to fight for the plant's survival, seeking stability and relief through the merger.
HRKatha | 6 Jan, 2025
Political push for RINL’s revival: ₹17,000 crore debt restructuring package, Japanese tech explored for modernisation
- The Steel Ministry has proposed a ₹17,000 crore debt restructuring package for the debt-ridden steel-maker RINL.
- The package includes additional investments for modernisation, including private investments from Japanese tech partners.
- The modernisation plan aims to set up electric arc furnaces and replace existing blast furnaces with an estimated investment of ₹7500 crore.
- At least six to seven Japanese companies, including POSCO, have expressed interest in investing in RINL for its modernisation.
HinduBusinessLine | 1 Jan, 2025
Union Minister HD Kumaraswamy holds talks with PMO for RINL’s revival
- Union Minister HD Kumaraswamy holds talks with PMO for RINL’s revival
- Revival blueprint focuses on debt restructuring, modernization, private sector participation, and expanding exports
- Finance Ministry expected to support turnaround plans and restructure RINL's financial obligations
- RINL, popularly known as Vizag Steel Plant, faced financial constraints and operational inefficiencies
HinduBusinessLine | 31 Dec, 2024
Government Infuses Rs 1,650 Crore Into RINL Amid Financial Troubles
- The government has infused around Rs 1,650 crore in state-owned RINL to address its operational and financial issues.
- The Ministry of Steel is taking measures to keep RINL as a going concern.
- The government provided Rs 500 crore towards equity and a working capital loan of Rs 1,140 crore to RINL.
- SBICAPS, a subsidiary of the State Bank of India, is preparing a report on the sustainability of RINL.
Bloomberg Quint | 3 Nov, 2024
Govt steps in to save RINL from closure with ₹1,640 crore initial bailout,
- India's Steel Ministry has provided an initial bailout of ₹1,640 crore to debt-ridden Rashtriya Ispat Nigam Ltd (RINL), also known as Vizag Steel.
- The funds will be used to service borrowings and provide working capital to RINL, which has debts and vendor dues of at least ₹18,000 crore.
- SBI Capital Markets has been appointed as a consultant to prepare a viability report for the restructuring of RINL, with the report expected by the end of the month.
- RINL's debts and poor operating metrics have raised concerns about its ability to continue as a going concern in previous audits.
HinduBusinessLine | 3 Nov, 2024
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Vizag Steel FAQs
When was Vizag Steel founded?
Vizag Steel was founded in 1971. The company has been operating for 54 years primarily in the Iron & Steel sector.
Where is the Vizag Steel headquarters located?
Vizag Steel is headquartered in Visakhapatnam/Vizag, Andhra Pradesh and has an office in Visakhapatnam
How many employees does Vizag Steel have in India?
Vizag Steel currently has more than 15,000+ employees in India. Production, Manufacturing & Engineering department appears to have the highest employee count in Vizag Steel based on the number of reviews submitted on AmbitionBox.
Does Vizag Steel have good work-life balance?
Vizag Steel has a work-life balance rating of 4.3 out of 5 based on 500+ employee reviews on AmbitionBox. 79% employees rated Vizag Steel 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read Vizag Steel work-life balance reviews for more details
Is Vizag Steel good for career growth?
Career growth at Vizag Steel is rated as moderate, with a promotions and appraisal rating of 3.2. 21% employees rated Vizag Steel 3 or below, while 79% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Vizag Steel promotions/appraisals reviews for more detailed insights.
What are the pros and cons of working in Vizag Steel?
Working at Vizag Steel comes with several advantages and disadvantages. It is highly rated for work life balance, job security and work satisfaction. However, it is poorly rated for promotions / appraisal, based on 500+ employee reviews on AmbitionBox.
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