AP govt ready to buy majority stake in Vizag steel plant if required: MP Vijaya Sai Reddy
YSRCP Rajya Sabha member Vijaya Sai Reddy in a tweet said that the AP government is ready to buy majority stake in Visakhapatnam Steel Plant if required. He stated that everyone has welcomed constructive suggestions made by Chief Minister YS Jagan Mohan Reddy regarding the privatisation of the steel plant.
“In a letter written to Prime Minister Narendra Modi, the CM highlighted that the steel plant will earn profits if captive mines are allotted to it,” he mentioned. Vijaya Sai further said that the YSRCP government has showed a courage by proposing to buy stake in the steel plant.