The Hyderabad-based Sri Vasavi Steel Industries (SVSIL), was incorporated as a private limited company in 1985 and was converted into a public limited company in 1992.
The company manufactures rolled products like rounds, CTD bars, angles, channels and beams at its plant at Rajam (Srikakulam district), Andhra Pradesh. Its client list includes NTPC, Vizag Steel Plant, TISCO, SAIL, Paradeep Port Trust, Nagarjuna Fertilizers & Chemicals and Sagar Cements. In 1992-93, the company expanded and introduced new products like spring steel flats, special profiles, carbon and alloy construction steel -- products which find application in the construction, engineering and automobile industries. The installed capacity was increased to 57,600 tpa, after an initial increase from 15,000 tpa to 20,000 tpa.
The Company's Export Oriented Ferro Alloys Project has been progressing satisfactorily and has commissioned in the third quarter of the financial year 1998-99.
During 2001 the company has commissioned 1 MW Wind Farm project at KAdavakally wind Estate Anantapur District,Andhra Pradesh. The remaining 1 MW Wind Power Project is expected to be commissioned in the next financial year. The remaining 1 MW project is expected to be commissioned shortly.