Online edition of India's National Newspaper
Wednesday, May 17, 2006
Online edition of India's National Newspaper Wednesday, May 17, 2006 |
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Andhra Pradesh
W. Chandrakanth
HYDERABAD: A move by the Union Steel Ministry for transferring control of the Visakhapatnam Steel Plant (VSP) to the Steel Authority of India (SAIL) is being strongly opposed by the Andhra Pradesh Government. The proposal comes ahead of Prime Minister Manmohan Singh's visit to Visakhapatnam on May 20 to lay the foundation stone for an ambitious programme for VSP's modernisation at a cost of Rs. 8,692 crore. This signals the dawn of a new era for the steel plant as its capacity would be upgraded from the present 3.3 million tonnes to 6.3 million tonnes. Chief Minister Y. S. Rajasekhara Reddy, who will be present at Visakhapatnam during Mr. Manmohan Singh's visit, is expected to take up the issue ahead of a meeting of political leaders called for by the Union Steel Ministry in New Delhi sometime next week.
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