India's Steel Ministry prepared detailed project reports for reviving Visvesvaraya Iron & Steel Limited in Karnataka, requiring $448 million investment from Steel Authority of India Limited. The historic facility established in 1923 specialized in high-quality specialty & alloy steels serving railway & defense sectors before 2023 closure due to elevated costs & technological obsolescence. The revival targets 50-year operational sustainability, SAIL implementing comprehensive modernization addressing technology adoption & market development. Steel Minister Kumaraswamy announced ongoing efforts securing captive mine allocation ensuring raw material security. Two detailed project reports address market positioning & technology implementation. The minister committed providing comprehensive revival details in January as planning crystallizes.