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Vizag Steel
4.1
based on 532 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 532 reviews
5% above
industry average
Highly rated for
Work-life balance, Job security, Work satisfaction
Critically rated for
Promotions
Work Policy
Work from office
90% employees reported
Monday to Saturday
66% employees reported
Strict timing
52% employees reported
No travel
56% 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 532 reviews
Overall Rating
4.1/5
How AmbitionBox ratings work?
5
267
4
157
3
73
2
15
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 532 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 484 reviews
4.3
Rated by 48 Women
Rated 4.3 for Work-life balance and 4.3 for Job security
4.1
Rated by 436 Men
Rated 4.3 for Work-life balance and 4.1 for Job security
Work Policy at Vizag Steel
based on 79 reviews in last 6 months
Work from office
90%
Hybrid
7%
Permanent work from home
3%
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 532 reviews | 3.9/5 based on 3.1k reviews | 4.1/5 based on 7.6k reviews | 3.9/5 based on 6k reviews |
Highly Rated for | Work-life balance Job security Work satisfaction | Skill development Job security | Job security Skill development Work-life balance | Job security Skill development |
Critically Rated for | Promotions | No critically rated category | No critically rated category | Promotions |
Primary Work Policy | Work from office 90% employees reported | Work from office 83% employees reported | Work from office 70% employees reported | Work from office 87% employees reported |
Rating by Women Employees | 4.3 Good rated by 48 women | 3.7 Good rated by 159 women | 4.0 Good rated by 488 women | 3.7 Good rated by 270 women |
Rating by Men Employees | 4.1 Good rated by 436 men | 3.9 Good rated by 2.8k men | 4.1 Good rated by 6.6k men | 3.9 Good rated by 5.4k men |
Job security | 4.1 Good | 3.8 Good | 4.1 Good | 4.1 Good |
View more
Vizag Steel Salaries
Vizag Steel salaries have received with an average score of 3.6 out of 5 by 532 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
(41 salaries)
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₹12.6 L/yr - ₹51.8 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
Supervisor
(15 salaries)
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₹2.1 L/yr - ₹4.5 L/yr
General Manager
(14 salaries)
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₹25 L/yr - ₹50 L/yr
Vizag Steel News
View all
Steel mills slash production amid surging imports, soaring trade deficit
- Steel mills in India have slashed production due to surging imports and a soaring trade deficit.
- Overall finished steel output in India barely changed from last year, with large private players like JSW and Tatas reporting near flat production growth.
- PSU majors like SAIL and RINL also saw production cuts, with the share of small steel producers increasing.
- In addition to production cuts, India is facing a widening trade deficit, with increased steel imports and declining exports.
HinduBusinessLine | 26 Mar, 2025
NDTV Profit Pulse On March 21—Top 8 Stories At 8 P.M. Under 8 Minutes
- Key news of the day includes forex reserves growing marginally and Indian stock markets rising for a fifth consecutive day.
- Vodafone Idea seeks government support to handle repayment challenges, while IndusInd Bank plans to submit new CEO candidates for RBI approval.
- Larsen & Toubro appoints Subramanian Sarma as deputy managing director and president.
- US stocks fall while Indian market surges with Nifty 50 closing higher at 23,350.40 and BSE Sensex ending at 76,905.51.
- CBI arrests Power Grid Corp Official for corruption, and forex reserves grow to $654.27 billion.
- Mahindra & Mahindra announces price hikes for SUV and commercial vehicle range due to rising input costs.
- Ola Electric faces inspections in Maharashtra, and other top stories cover Wall Street, FPIs, Air India, and government investments.
- Important developments include highest single-day FPI buying, Air India flight cancellations, Rashtriya Ispat Nigam infusion, and Mumbai–Ahmedabad Bullet Train project integration.
Bloomberg Quint | 21 Mar, 2025
Government To Infuse Rs 11,440 Crore In Rashtriya Ispat Nigam
- The Ministry of Steel has approved the infusion of Rs 11,440 crore in debt-laden Rashtriya Ispat Nigam Ltd. as equity or preferential capital.
- The government has approved the revival for the alloy-maker that runs a 7.5 mtpa plant in Visakhapatnam, with a direct port connectivity.
- The present equity infusion in RINL does not involve any private sector partnership or collaboration.
- RINL has been grappling with financial distress, consistent losses, and a growing debt burden for nearly a decade.
Bloomberg Quint | 21 Mar, 2025
RINL in talks with SBI-led consortium of banks to refinance long-term loans
- PSU steel-maker RINL is in talks with an SBI-led consortium of banks to refinance its high-interest bearing long-term loans.
- RINL is seeking rates of around 7% as against the current 9% interest rate.
- The talks also involve a proposal for the Andhra Pradesh government to invest in RINL as equity infusion in lieu of power supply.
- RINL has initiated these discussions ahead of its second round of fund infusion scheduled in April.
HinduBusinessLine | 20 Mar, 2025
RINL sets course for financial turnaround with ₹7,000 crore Phase 1 funding; banks agree to interest rate cuts
- RINL has utilized the first tranche of nearly ₹6,800-7,000 crore to meet payment obligations and prevent working capital loan defaults.
- The steelmaker has reported a gross margin of ₹55 crore in January 2025 compared to an EBITDA loss of ₹300 crore in the same period last year.
- RINL has requested a reduction in interest rates from SBI and aims to align them with industry peers at 7-7.75%.
- The second tranche of funds, around ₹1,400 crore, is expected in April 2025, with additional tranches in July and October.
HinduBusinessLine | 28 Feb, 2025
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
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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. 80% 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. 20% employees rated Vizag Steel 3 or below, while 80% 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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