Thursday, October 5, 2023
    HomeTelanganaTelangana State opts out of bidding for Vizag Steel Plant

    Telangana State opts out of bidding for Vizag Steel Plant

    Related stories

    TSRTC provides relief to employees with DA increase

    The Telangana State Road Transport Corporation (TSRTC) has announced...

    Tribunal’s Terms of Reference for AP-TS Krishna Water Dispute Gets Centre’s Approval

    The long-standing dispute over Krishna water between Andhra Pradesh...

    Arun Alagappan assumes role of SICCI president through successful election

    The Southern India Chamber of Commerce and Industry (SICCI)...

    Telangana residents captivated by the beauty of Malayalam Puzha

    The multimedia show "Malayala Puzha" was a big hit...
    - Advertisement -

    The Singareni Collieries Company Ltd (SCCL) was considering investing Rs 5,000 crore in the Visakhapatnam Steel Plant. However, after studying the feasibility of the investments, the SCCL delegation advised the Chief Minister that no decision should be taken hastily. They felt that the issue required more in-depth study on the viability of the plant and whether the employees of Rashtriya Ispat Nigam Ltd (RINL) would cooperate or not before a decision was taken. The SCCL felt that the company was facing several challenges and required huge capital investment to run the plant.

    The government has decided not to participate in the bidding for investing in the plant. It felt that to run the plant without any hurdles, support from the workers of VSP was necessary. The government wants to examine this issue thoroughly before investing money. Saturday was the last date for filing the bid, but the VSP has extended it up to April 20 to attract more bids.

    - Advertisement -

    It remains to be seen whether the TS government will reconsider its decision.

    - 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