New Delhi: H.D. Kumaraswamy, the Union Minister for Heavy Industries and Steel, reviewed the progress of Visakhapatnam Steel Plant (Rashtriya Ispat Nigam Ltd – RNIL).
To make the plant profitable and financially rejuvenate the company, the minister held an important meeting with senior officials and top executives of the company.
Instructing the officials to increase steel production to lift the financially struggling organization, the minister gathered detailed information about the company’s activities, financial status, production, and new initiatives.
The minister, after receiving comprehensive information from the company’s Chairman and Managing Director and board members present in the meeting, stated that the focus should initially be on increasing production and capacity. Subsequently, plans will be made to provide financial support to the company.
Additionally, Prime Minister Narendra Modi ji has set a target of producing 300 million tonnes of steel annually. To achieve this target, the minister directed the officials to increase the production capacity of the Visakhapatnam Steel Plant.
Discussing the competition posed by China in the steel sector, the minister highlighted the need to strengthen the domestic steel industry. Emphasis should be placed on the production of specialty steel and green steel. The plant needs to enhance its technical and financial capabilities to meet these challenges. The minister requested a comprehensive proposal for the plant’s revival.
The meeting was attended by Srinivas Bhupatiraju Verma, Minister of Heavy Industries and Steel; Nagendra Nath Sinha, Secretary of the Steel Ministry; Sukriti Likhi, Additional Secretary; Amrendra Prakash, Chairman of the Indian Steel Authority; Atul Bhatt, Chairman and Managing Director of the Visakhapatnam Steel Plant, along with senior officials.
Request Submitted by Andhra Pradesh MPs
A few days ago, a delegation led by Andhra Pradesh MP Purandeswari met the Union Minister at his office and submitted a request regarding the revival of the Visakhapatnam Steel Plant.
