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Andhra Pradesh: Steel Plant Workers Agitate Against Centre s Privatisation Plan
The Centre s decision on 100% disinvestment in Rashtriya Ispat Nigam Limited, the corporate entity of Visakhapatnam Steel Plant, has triggered massive protests in the state.
A view of Visakhapatnam Steel Plant (VSP) under the corporate entity Rashtriya Ispat Nigam Ltd. Photo: Vizag Steel website
Rights13/Mar/2021
Vijayawada: On March 8, Union finance minister Nirmala Sitharaman gave a statement in the parliament on 100% disinvestment in Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP). The announcement has stoked regional sentiment in Andhra Pradesh, triggering massive protests.
In a written reply to a question raised by YSR Congress MP Vijayasai Reddy in the Rajya Sabha, the finance minister declared that the central government will divest 100% of its equity in the RINL along with the the PSU’s stakes in subsidiaries and joint ventures through strategic