Breaking News

Telangana makes forceful case for Bayyaram steel plant

Hyderabad: The State government on Thursday made a forceful case for setting up of the Bayyaram Steel Plant in the State in its arguments before the task force set up by the Ministry of Steel to look into the viability of the project.

IT and Industries K T Rama Rao, who was specially invited by the Minister of Steel Birendra Singh for the task force meeting, explained the State’s stand on the viability of the project, and hoped that some issues that still lacked clarity would be cleared within a month. He also hoped that the Union Minister would make a positive announcement about the project on December 8 when he visits Hyderabad to participate in the annual meeting of the National Mineral Development Corporation (NMDC).

Rama Rao, asserting that the project was viable, also sought financial assistance from the NMDC and the Steel Authority of India Limited (SAIL) for the project.

Later, speaking to the media, Rao said: “We explained the importance of the project for the State and the government’s enthusiasm and keenness to set it up. The AP Reorganization Act, 2014, clearly states that Bayyaram Steel Plant should be established in the new State.”

Chief Minister K Chandrashekhar Rao had on several occasions met Prime Minister Narendra Modi and other Union Ministers to press for the setting up of the project. After persistent requests and follow-ups, the Department of Steel constituted a task force to study the feasibility report for establishing the plant.

Rama Rao brought to the notice of the task force that 70 metric tonnes of iron ore was readily available at Bayyaram and asked the ministry to consider the proposal to import another 170 metric tonnes of quality iron ore from Biladila to Bayyaram. “Today, we requested the Union Minister to set up an integrated steel plant with an initial capacity of 3 metric tonnes,” Rao said.

The post Telangana makes forceful case for Bayyaram steel plant appeared first on Telangana Today.



from Telangana – Telangana Today http://ift.tt/2zfo0pd

No comments