VIJAYAWADA: Chief Minister Y.S. Jagan Mohan Reddy on Saturday night requested Prime Minister Narendra Modi to reconsider disinvestment plans of Rashtriya Ispat Nigam Limited (RINL), popularly referred to as Visakhapatnam Steel Plant (VSP). The CM suggested that the Prime Minister explore other opportunities to put the plant back on track.
In a letter to the PM, he assured that the Andhra Pradesh government will closely work with the Centre in reviving the steel plant. In particular, he sought three measures for the revival of VSP.
First, the Chief Minister suggested, was continuing operations to achieve turnaround, as with all sectors of the economy. This would make the steel sector also see a V-shaped recovery. In this regard, he pointed out that RINL achieved its highest ever capacity utilisation of 6.3 MTPA against the capacity of 7.3 MTPA in December 2020, posting a monthly profit of close to Rs 200 crore.
Second, Jagan Mohan Reddy sought captive iron ore mines to…
