Visakhapatnam Steel Plant (VSP) is planning a slag-based steel plant with a plan outlay of about INR2000 crore, Business Standard of India reports. VSP is generates over 800,000t of slag every year as a by-product, of which some 1000 tonnes are being exported.

“To fully utilise the slag and fly-ash, the management is now seriously looking at starting a slag-based cement plant,” NS Rao, director (projects), VSP, told reporters here on Wednesday.

“We want to set up this cement plant with private participation. L&T, KCP Cements and a few other cement giants have already expressed their interest to join hands with VSP. Vizag Steel Plant will take a 50 per cent stake in the proposed plant,” he said.