Merger of VIZAG STEEL PLANT AND NMDC
This petition had 119 supporters
Presently the Visakhapatnam steel plant is of 6.3 MT and incurring losses because of high raw material cost as the plant doesn't have own mines. Being a public sector unit the RINL VSP IS procuring iron ore from abroad. Where as the iron ore mines in India are leased out to private parties who are making huge money promoting corruption.
Approximately more than 01 lakh families are earning their livelyhood directly and indirectly. It is very essential to allott iron ore mines or merger of VIZAG STEEL PLANT AND NMDC which will be mutually beneficial for both the companies.
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