New Delhi, May 23: Union Minister for Heavy Industries and Steel, H.D. Kumaraswamy, announced that a Detailed Project Report (DPR) for the revival of the Visvesvaraya Iron and Steel Plant (VISL), Bhadravati, is currently being prepared and will be completed within the next two months. Once the DPR is finalized, subsequent procedures including approvals and groundwork will move forward.
Addressing a press conference at his official residence in New Delhi, the Minister clarified that there is no room for politics when it comes to Karnataka’s development.
“The entire plant will be rebuilt with state-of-the-art infrastructure, and the revival project will be formally launched by the end of this year. Prime Minister Narendra Modi himself will lay the foundation stone,” Kumaraswamy stated.
He added that a total investment of ₹8,000 to ₹10,000 crore is under active consideration for the reconstruction. The plant is already under the administrative control of the Steel Authority of India Limited (SAIL), which is planning a ₹1 lakh crore investment across the steel sector nationally. The Bhadravati VISL revival is an integral part of this larger investment strategy.
The Minister also reiterated the national steel production target of 300 million tonnes annually by 2030, set by Prime Minister Modi. He emphasized the central government’s commitment to strengthening public sector steel plants in alignment with this goal.
