Visa Steel - Outcome of Board Meeting

Visa Steel Ltd has informed that the Board of Directors of the Company at its meeting held on June 18, 2007, has approved expansion of the scope of its projects at Kalinganagar Industrial Complex, Jaipur, Orissa to include a 0.5 million TPA Bar & Wire Rod Mill and an additional 25 MW Power Plant to achieve further integration and value addition to its products.