AP govt will not allow Visakhapatnam Steel Plant privatisation: Minister Mekapati
Industries Minister Mekapati Goutham Reddy has made it clear that the AP government will not allow privatisation of the Visakhapatnam Steel Plant (VSP) under any circumstances. In an exclusive interview, Mekapati stated that the state government will pass a resolution in the next session of the Legislative Assembly opposing the disinvestment in the RINL.
To a question, the minister mentioned that no corporate firms will come forward to buy stake in the VSP with the conditions put forth by the AP government if at all the Centre goes ahead with disinvestment not considering the resolution. He said that ground-breaking ceremony for Kadapa steel factory will take place in September.