Monday, July 15, 2024
    HomeTelanganaKTR urges Centre to halt privatisation of Vizag steel plant

    KTR urges Centre to halt privatisation of Vizag steel plant

    Related stories

    District Collector Badavath Santosh Inspects Farmers’ Crops in Field Visit

    District Collector Badavath Santosh visited crop fields in Desi...

    Idol of Parvati Devi Found

    Police have arrested Srinu for stealing a Panchaloha idol...

    The Telangana IT and Municipal Administration and Urban Development (MA&UD) Minister, KT Rama Rao, has called for the Central government to halt the privatisation of the steel plant located in Visakhapatnam. In an open letter to the Centre, KTR alleged that there is a conspiracy to hand over steel industries to private companies. He questioned why the Union government is not being generous towards Vizag steel plant, which has waived off Rs 12.5 lakhs loans to corporates.

    KTR also demanded that the Centre purchase Vizag steel plant products and provide financial assistance to the working capital. He added that the Union government should allocate Rs 5,000 crores to the steel plant and consider merging it with Steel Authority of India (SAIL).

    - Advertisement -
    Also read:  Getting to Know Your MLA: Discovering Happiness through Public Service

    Furthermore, KTR appealed to lakhs of Public Sector Undertaking (PSU) workers to join hands with BRS to stop the sale of PSUs by the Central government. This move by KTR comes amid concerns over the privatisation of PSUs and its impact on job security and industrial growth.

    - Advertisement -
    Rajesh M
    Rajesh M
    Latest News from Hyderabad, Telangana, India & World!

    Follow us


    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at

    Latest stories


    Please enter your comment!
    Please enter your name here