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VSP Privatisation: Pawan Kalyan Answerable To Andhra People


VSP Privatisation: Pawan Kalyan Answerable To Andhra People
Mar 13, 2021, 12:36 IST
Andhra Pradesh Social Welfare Minister Pinipe Vishwarup demanded that the Janasena party answer to the people on the privatization of the Visakha Steel Plant. Minister Pinipe held a press conference on Friday at the YSRCP office in Narsapuram. 
He stated that the AP government has already demanded not to privatise the Visakha Steel Plant. People of AP are observing what Janasena Chief Pawan Kalyan is doing by forging an alliance with the BJP, he said. He asked Pawan Kalyan to address about VSP issue.
He congratulated the party members on the occasion of the 11th anniversary of the formation of YSRCP.  ....

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Vizag Steel Plant Privatization, Vizag Steel Plant Privatization Latest News, Vizag Steel Plant Share Price, beml share


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A view of Visakhapatnam Steel Plant (VSP) under the corporate entity Rashtriya Ispat Nigam Ltd
State-owned Rashtriya Ispat Nigam Limited (RINL) will raise Rs 1,000 crore from the sale of its 22.19-acre land in Visakhapatnam. Just last week,  state-run construction company NBCC Ltd said it has executed an MoU with RINL for redevelopment and monetisation of 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, a source in the company told news agency PTI.
The amount raised will be utilised by the company to pay back portion of debt. According to available data on RINL s website, the company had a debt of Rs 19,592 crore in financial year 2018-19.  ....

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