Industries and Commerce Minister Gudivada Amarnath said the government had so far spent about Rs.47 crore on land acquisition, environmental clearance (EC) and infrastructure works at Kadapa Steel Plant (KSP) site and a proposal for rail connectivity had been sent to the Ministry of Railways.
The government had alienated 3,149 acres to YSR Steel Corporation Limited, the special purpose vehicle formed in 2019 to set up the proposed 3 Million Tonnes Per Annum (MTPA) capacity integrated steel plant in YSR Kadapa district, he stated.
Replying to a question by TDP MLAs K. Atchannaidu and Dola Bala Veeranjaneya Swamy on the KSP status in the Legislative Assembly on Friday, Mr. Amarnath said while the EC had already been obtained, road connectivity (from NH-67), water supply, power and boundary wall works were in progress. A sum of approximately Rs.38 crore was paid towards compensation for the land procured.
