Public donation proposal to raise working capital for VSP
Former additional DGP VV Lakshmi Narayana wrote to raise Rs 850 crore every month for four months through public donations to run the plant,
Former additional DGP VV Lakshmi Narayana wrote to raise Rs 850 crore every month for four months through public donations to run the plant,
As many as 29 companies, including seven international players, have submitted bids for supply of raw materials and providing working capital to Visakhapatnam Steel Plant
The statement from the ministry has put an end to the contest between the political parties in Andhra Pradesh to claim credit for holding up the disinvestment process.
Telangana Industry Minister KT Rama Rao said the Centre’s decision to back out was prompted by the Chief Minister’s decision to send officials of Singaren Collieries to Vizag.
The decision of Chief Minister K Chandrasekhar Rao has thrown political parties of both Andhra Pradesh and Telangana in a tizzy.
Over 10,000 workers of the steel plant have decided to boycott work on Friday when Prime Minister Modi is expected to visit the port city.
Opposition TDP had been alleging that Reddy had known about POSCO’s plan to invest in Vizag steel plant but remained quiet about the plan till the Centre had dropped its 100 per cent disinvestment bomb for the steel plant and had even circulated a photograph of the chief minister meeting the company’s representative as evidence.
The Communist Party of India (Marxist) extended its support to a long march against the proposed privatisation of the Visakhapatnam…
