Vizag Steel Plant (VSP) has moved a step closer to privatization as the Express of Interest (EoI) bid closed at 3 pm on Saturday. According to media reports, 22 bidders, including some big names, have filed their EoI. It is uncertain whether Singareni Collieries has submitted its EoI. However, former CBI Joint Director VV Lakshmi Narayana has registered in the EoI. In an interview with a popular media channel, former CBI Joint Director believes that the Vizag steel plant should be preserved and has proposed a crowdfunding initiative to save it from private companies. He has registered his EoI in a sealed cover. He said they are ready to approach the court also, if they see any rules violations.
