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The Hindu
The Hindu
National
The Hindu Bureau

Prime Minister urged to withdraw decision on strategic sale of Visakhapatnam Steel Plant

VUPPC Visakhapatnam Steel Plant

The Visakha Ukku Parirakshana Porata Committee (VUPPC) has appealed to Prime Minister Narendra Modi to withdraw the decision on 100% strategic sale of RINL-Visakhapatnam Steel Plant (VSP).

VUPPC chairmen D. Adinarayana, Ch. Narasinga Rao and Mantri Rajasekhar submitted a memorandum to the Steel Secretary Nagendra Nath Sinha during his visit to Visakhapatnam Steel Plant (VSP) on Tuesday.

They noted that while the present capacity of VSP was 7.3 million tonnes per annum, it was being throttled to around half the capacity on the reasoning that the input cost is too high on account of not having captive iron ore mines. They said that the losses of the company had increased after the decision to go for 100% strategic sale was taken in 2021.

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