Centre’s support returns Vizag steel plant to profitability

Rashtriya Ispat Nigam Limited, operator of the Visakhapatnam Steel Plant in Andhra Pradesh, reported a profit of ₹54 crore in January 2026, marking a swift turnaround after years of financial stress. The recovery followed coordinated support from the Centre and state governments, including a financial package of over ₹10,000 crore approved by the Centre in 2025.