Task
Force to examine feasibility of Steel Plants in Andhra Pradesh and Telengana
A
Task Force constituted by Steel Ministry is examining the feasibility of
setting up steel plants in Andhra Pradesh and Telengana by any interested
parties at Bayyaram and Kadapa. The task force comprising of representatives
from the Central Government, State Government and Central Public Sector
Enterprises under the Ministry of Steel was set up on 19.10.2016 to consider
the feasibility issues and prepare a roadmap for setting up of steel plants.
It
has held series of meetings since then which were attended by the representatives
of the State Governments of Andhra Pradesh and Telangana as well. The last
meeting of the Task Force, being sixth in the series of meetings, was held on
12.06.2018. The relevant data for preparation of the feasibility reports based
on realistic assumptions is to be shared by the State Governments with MECON
(CPSE under Ministry of Steel) entrusted with the task.
Ministry
of Steel is making sincere and relentless efforts in working out a feasible
solution to make the project financially viable so as to bring about positive
and sustainable development of not only Andhra Pradesh and Telangana but also
the nation as a whole.
As
per the Thirteenth Schedule of the Andhra Pradesh Reorganisation Act, 2014,
Steel Authority of India Limited (SAIL) examined the feasibility of
establishing an Integrated Steel Plant in YSR District of Andhra Pradesh and
Khammam District of Telangana and submitted its report examining the
feasibility of installation of 3 MTPA Integrated Steel Plant in both the States
on 02.12.2014. As per the feasibility
report, setting up of steel plant was found prima
facie not financially viable.
Comments
Post a Comment