VISAKHAPATNAM: Chief Minister Y.S. Jagan Mohan Reddy on Wednesday asserted that his government is firm in opposing privatisation of Visakhapatnam Steel Plant (VSP) and said he has suggested to the Centre how VSP can be turned around.
He was speaking to a Joint Action Committee of 14 trade unions, which called on him at the Visakhapatnam Airport lounge. The Chief Minister pointed out that he has already addressed a letter to Prime Minister Narendra Modi suggesting that captive iron ore mines in Odisha be allotted to the Vizag steel plant.
He pointed out that VSP started making losses after the lease period of mines from where it used to get iron ore ended. The same needs to be revived, he observed.
The CM pointed out that these mines still have 200 million tonnes of reserves. The lease could be revived within four months, he said. On mines in AP, he underlined that their ore was of low-grade quality and would not be of much use to Vizag Steel Plant.
In support of his…
