News > Customs Department has contributed to profits of Visakhapatnam Steel Plant, says CMD Atul Bhatt

Customs Department has contributed to profits of Visakhapatnam Steel Plant, says CMD Atul Bhatt

Chairman and Managing Director of RINL, Visakhapatnam Steel Plant (VSP) Atul Bhatt has said that a considerable share of the profit of ₹1,000 crore, after making losses for six years, is contributed by the Customs Department. The Customs officials, who were playing the role of ‘trade facilitators’, provided quick access to VSP to the raw material imports that come in through the port. He explained that 16 million tonnes of raw materials have to be moved for the production of 5.5 MT of steel.