RINL invites bids to operate 32 critical units of steel plant in Andhra
According to the latest notifications issued on August 16, RINL has sought Expressions of Interest (EOIs) from private players to operate 32 critical units of the steel plant.
The 32 segments for which RINL has invited Expressions of Interest include major power and steel-making units such as Captive Power Plants-1 and 2, Waste Heat Recovery Boilers, Turbo-generators, Coal Handling Plant of Thermal Power Plant, Continuous Casting Machines (CCM-1, 2, 3 and 4) of SMS-2, Secondary Metallurgy of SMS-1, and the BOF shops of SMS-1 and SMS-2 along with associated auxiliaries.
Other units notified are the finishing and shipping areas of the Medium Merchant and Structural Mill (MMSM), Structural Mill (STM), Special Bar Mill (SBM) and Wire Rod Mills (WRM-1, 2 and 6), roll shops and repair shops, central machine shop, iron and steel foundry, and energy and environment management department, including gas safety systems.
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The Hindu
a day ago
- The Hindu
CITU leader dares Palla to prove ‘VSP ghost workers' allegations
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New Indian Express
a day ago
- New Indian Express
RINL invites bids to operate 32 critical units of steel plant in Andhra
VISAKHAPATNAM: The long-running debate over the future of Visakhapatnam Steel Plant (VSP) has taken a fresh turn with Rashtriya Ispat Nigam Limited (RINL), the corporate entity of VSP, inviting private participation in more than 30 key segments of the plant. According to the latest notifications issued on August 16, RINL has sought Expressions of Interest (EOIs) from private players to operate 32 critical units of the steel plant. The 32 segments for which RINL has invited Expressions of Interest include major power and steel-making units such as Captive Power Plants-1 and 2, Waste Heat Recovery Boilers, Turbo-generators, Coal Handling Plant of Thermal Power Plant, Continuous Casting Machines (CCM-1, 2, 3 and 4) of SMS-2, Secondary Metallurgy of SMS-1, and the BOF shops of SMS-1 and SMS-2 along with associated auxiliaries. Other units notified are the finishing and shipping areas of the Medium Merchant and Structural Mill (MMSM), Structural Mill (STM), Special Bar Mill (SBM) and Wire Rod Mills (WRM-1, 2 and 6), roll shops and repair shops, central machine shop, iron and steel foundry, and energy and environment management department, including gas safety systems.
The Hindu
3 days ago
- The Hindu
Steel Minister urged to stop ‘calculated moves' to privatise Vizag Steel Plant
Following reports that the Union Steel Ministry has decided to contract out over 32 segments of Visakhapatnam Steel Plant's operations to private companies, former Secretary to the Government of India E.A.S. Sarma on Monday (August 18) shot off a letter to Union Minister for Steel H.D. Kumaraswamy, opposing the same and saying the move would destroy the VSP as a public-sector entity. Mr. Sarma said both the Centre and the NDA government at the State were making a series of calculated moves to destroy the Central Public Sector Enterprise (CPSE) character of the VSP. Refusing to allot a captive iron ore mine to the VSP while allotting multiple mineral blocks to private companies is one of such steps, he said, adding that the VSP was also not provided timely supply of inputs like coking coal. Mr. Sarma said the TDP-JSP combine was pampering ArcelorMittal with multiple concessions, such as land at a cheap rate, a captive port and the usual package of tax and other subventions, which total far more than the measly financial package of ₹11,440 crore by the Centre to the VSP. Mr. Sarma said the piecemeal privatisation of the RINL's operations, weakening its management and destroying its public sector character would result in the transfer of ownership of highly valuable land and machinery to private hands at an unconscionably low price, as no private promoter could ever afford to compensate the government for the true value of those assets. Privatisation of the VSP, either as a complete entity or in a piecemeal manner, would reduce employment opportunities for local youth in north Andhra, would permanently close the doors for reservations for SCs/STs/OBCs, which poses a serious socio-economic concern, he said. Mr. Sarma appealed to the Union Minister to stand by the employees of the VSP and the people of north Andhra by putting a stop to the moves.
