The Andhra Pradesh government had placed the order for the “Navaratnalu Pedalandariki Illu” housing project. The consignment was handed over to the officials at Denduluru.
TDP supremo N Chandrababu Naidu also assured that the party's elected representatives would readily resign from their posts to show support to the steel plant workers.
The company reported total consolidated income of Rs 29,100 crore in first quarter of 2021-22, showing a 144% jump year-on-year, largely due to higher steel prices.
The company aims at completing the expansion of its Mejia plant by FY23, which will help increase direct employment in the facility to 5,000.
The Union Cabinet on Thursday gave its go-ahead to a Rs 6,322-crore production linked incentive (PLI) scheme to boost the manufacturing of specialty steel.
Raja said the Visakhapatnam steel plant is the pride of the nation and PSUs needed to be protected.
The Union Cabinet gave its go-ahead to a Rs 6,322-crore PLI scheme to boost the manufacturing of specialty steel.
Mounds of raw materials, noisy machines, utensils in various stages of production, and workers covered in dust, toiling in a grime-filled furnace round-the-clock.
Says it received communications from State govt requesting to reconsider disinvestment plan of steel plant
Holding placards, they rush to podium; don’t relent despite repeated requests
While Tata Steel, NTPC, Bharti Airtel, HCL Tech, ICICI Bank, M&M and HDFC Bank followed IndusInd in losses, Asian Paints, UltraTech Cement, Bajaj Auto, HUL and Nestle India were among the gainers.
On the occasion, TDP Rajya Sabha member Kanakamedala Ravindra Kumar criticised the YSRC government for not showing the fighting spirit to stop the privatisation of the Vishakapatnam Steel Plant.
Rajya Sabha MP V Vijayasai Reddy also asserted that the YSRC is against the Centre’s move to privatise Visakhapatnam Steel Plant.
Demanding that the YSRC MPs do the same in Parliament, the TDP MPs asserted that they are ready to resign from their posts for the cause.
It also announced special incentive packages for garments and other manufacturing industries, which evinced interest in setting up their units in the state.