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Jagan seeks appointment with PM Modi over reviving of steel plant


Jagan seeks appointment with PM Modi over reviving of steel plant
Updated:
Updated:
CM to bring along an all-party delegation including representatives of trade unions
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CM to bring along an all-party delegation including representatives of trade unions
Chief Minister Y. S. Jagan Mohan Reddy has dashed off a letter to Prime Minister Narendra Modi to give an appointment to explain all the options to revive and put Rashtriya Ispat Nigam Limited (RINL), Visakhapatnam back on track.
Mr. Reddy said that he would bring an all-party delegation including the representatives of trade unions to represent directly the concerns being expressed by the people of Andhra Pradesh, employees and various stakeholders. ....

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RINL to sell 22.19-acre land for Rs 1,000 crore to service Rs 19,592 crore debt


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State-owned RINL (Rashtriya Ispat Nigam Limited), which has a net debt of Rs 19,592 crore in financial year 2018-19, is looking at raising Rs 1,000 crore from the sale of its 22.19-acre land. This land is located in the heart of Visakhapatnam city, in Andhra Pradesh.
RINL is also called Visakhapatnam Steel Plant or Vizag Steel.
On Thursday, NBCC had announced signing an MoU with RINL for redevelopment and monetisation of its 22.19 acres of land in Visakhapatnam.
The company expects to get around Rs 1,000 crore as the market price of land is around Rs 1 lakh per square yard. The amount raised would be utilised to pay back portion of debt of the company, a source in the company told PTI. However, the value of the project would be ascertained after the preparation and finalisation of a Detailed Project Report (DPR). NBCC would conduct the DPR and submit it to RINL. ....

Andhra Pradesh , Cabinet Committee Of Economic Affairs , Rashtriya Ispat Nigam , Rashtriya Ispat Nigam Limited , Visakhapatnam Steel Plant , Detailed Project Report , Cabinet Committee , Economic Affairs , Rashtriya Ispat Nigam Ltd Rinl , ஆந்திரா பிரதேஷ் , மந்திரி சபை குழு ஆஃப் பொருளாதார வாழ்க்கைத்தொழில்கள் , ரஷ்ற்ரிய நான் துப்பினேன் நீகம் , ரஷ்ற்ரிய நான் துப்பினேன் நீகம் வரையறுக்கப்பட்டவை , விசாகப்பட்டினம் எஃகு ஆலை , விரிவானது ப்ராஜெக்ட் அறிக்கை , மந்திரி சபை குழு , பொருளாதார வாழ்க்கைத்தொழில்கள் ,

Andhra Pradesh CM writes to PM Modi, suggests options to revive Vizag steel plant


Andhra Pradesh CM writes to PM Modi, suggests options to revive Vizag steel plant
ANI |
Updated: Mar 09, 2021 23:41 IST
Amaravati (Andhra Pradesh) [India], March 9 (ANI): Andhra Pradesh Chief Minister YS Jagan Mohan Reddy wrote to Prime Minister Narendra Modi and sought an appointment to suggest options to revive Rashtriya Ispat Nigam Ltd (RINL), Visakhapatnam.
The Chief Minister said he ll bring an all-party delegation, including representatives of Trade Unions to represent their concerns.
The letter read, Visakhapatnam Steel Plant (RINL) - Reply of Nirmala Sitharaman, Union Minister for Finance, in parliament on 8-3-2021 regarding 100 per cent strategic disinvestment by way of privatization - Request for Appointment at an early date for personally explaining the options to revive and meeting an all-party delegation led by me to express the concerns directly. ....

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