Rs 15,000 cr can be pumped in to revive the historic Visvesvaraya metal plant in Bhadravati

The federal government will pump in Rs 15,000 crore to revive the historic Sir M Visvesvaraya Metal Plant at Bhadravati in Karnataka. The plans have been confirmed by Union Minister for Heavy Industries and Metal HD Kumaraswamy.

The choice stems from the give attention to industrial and employment development within the state, Kumaraswamy stated, talking on the 87th All India Kannada Literary Convention in Mandya on Sunday.

The historic manufacturing unit was established below Mysuru Maharaja Nalvadi Krishnaraja Wadiyar and Bharat Ratna Sir M Visvesvaraya. Kumaraswamy expressed confidence that the glory days of the manufacturing unit could be restored. It was as soon as a supply of employment for hundreds of individuals.

“Prime Minister Narendra Modi has entrusted me with vital duties of the heavy industries and metal portfolios. I’m working diligently to make sure that these duties profit Karnataka,” Kumaraswamy stated.

VISVESVARAYA STEEL PLANT

A results of the imaginative and prescient of Sir M Visvesvaraya who was the Dewan of Mysore, the manufacturing unit was established in 1918 below the title “Mysore Wooden Distillation & Iron Works”. It lastly grew to become a public restricted firm in 1962 and was renamed Visvesvaraya Iron & Metal Restricted on February 16, 1976 in honor of its illustrious founder.

The manufacturing unit had began as a wooden distillation plant in 1918, however progressively shifted to forged iron manufacturing in 1923. It started delicate metal manufacturing in 1936 and was later within the 12 months named Mysore Iron & Metal Works. It will definitely shifted to ferroalloy manufacturing, expanded its metal manufacturing, added an electrical arc furnace and a thriving heavy profile manufacturing unit.

The Visvesvaraya manufacturing unit and township are surrounded by the Bhadra River on three sides. The Visvesvaraya Iron & Metal (VISL) plant covers an space of ​​roughly 3.8 km².