The steel plant is in the southern part of Visakhapatnam city, Andhra Pradesh state of India.

On 17 April 1970, the Prime Minister of India, the Indira Gandhi, announced the government's decision to establish a steel plant at Visakhapatnam.

But the investment was revised to 14,489 crores with the following classification: In November 2010, the company was granted the Navratna status by the Government of India.

[7][8] In September 2011, the government announced plans to divest 10% of its stake in RINL via an initial public offering.

In February 2021, the Cabinet approved the privatisation of steel-maker Rashtriya Ispat Nigam Ltd (RINL).

[12] RINL operates a 7.3 million tonne per annum capacity steel plant in Visakhapatnam.

[14] According to the India Daily Times, the plant is expected to skyrocket in terms of production in the nearest future.

The town also has multiple temples, churches, a mosque, gurudwara, athletic facilities, hospital, police station, post office, shopping malls, schools, indoor and outdoor stadiums.