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Andhra Pradesh news Telugu

Centre backs setting up Steel Plant in YSR Kadapa District

The Steel Ministry has reviewed the preparation for establishing a steel plant in YSR Kadapa District of Andhra Pradesh. This project has been envisaged under Andhra Pradesh Reorganization Act, 2014. An official statement said, “A High Powered Task Force comprising representatives from Central and State Governments, SAIL, RINL, NMDC, MECON and MSTC is working to evolve a plan and prepare a technical report. MECON has already submitted a draft report.”

The statement said, “Further, it has finalised all that is required for the preparation of a technical report and is waiting for data relating to the availability of iron ore, which is essential for the preparation of the feasibility report. This data is to be provided by the State Government which is still awaited.” Earlier this month, Steel Minister Chaudhary Birender Singh had instructed MECON to give its technical report to the Task Force without waiting for any other details that are yet to be provided by the State government.

“He further instructed that MECON may continuously follow up with State government to furnish the details of mining leases and availability of iron ore at the earliest so as to enable Task Force to evaluate the technical report of the project and its feasibility. It was also decided that Task Force will study the mode of investment for the proposed steel plant as a Public Sector, Private Sector, a Joint Venture or a combination of any or all these,” the official statement said.

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