Ex-IPS officer VV Lakshminarayana files petition in HC against steel plant privatisation
Former IPS officer VV Lakshminarayana has filed a Public Interest Litigation (PIL) in the High Court seeking intervention from privatising the Visakhapatnam Steel Plant (VSP). In the petition, Lakshminarayana said that the VSP was established with the sacrifices of 32 people and selling away 100 per cent stake in the RINL citing financial losses is not correct. He pointed out that the VSP can run into profits if captive mines are allotted.
The Modi government wants to sell 100 per cent stake to private corporate entities. Employees of the steel plant, political parties except BJP, trade unions and employees’ groups are opposing VSP privatisation.