The Union Ministry of Steels and Mining has decided to constitute a task force to assess the viability of the proposed steel plant at Bayyaram in Khammam district. The task force is expected to submit its report within three months.
Union Minister for Steel and Mines Narendra Singh Tomar on Monday said the task force would consist of representatives from the Centre, the Telangana government and the Steel Authority of India Limited (SAIL).
Addressing the media after meeting Chief Minister K Chandrasekhar Rao and AP CM N Chandrababu Naidu, Tomar said the Centre was committed to fulfill assurances made to both the Telugu States during the division of the erstwhile united AP.
He assured all possible support from the steel ministry in facilitating the Telangana and AP governments meet their targets of rapid growth and development.
Tomar offered support from Central government organisaions like Geological Survey of India (GSI) and Mineral Exploration Corporation Limited (MECL) to the States in assessing mineral resources for revenue generation. He said the two States can also utilise the services of Metal Scrap Trade Corporation Limited (MSTC) for auctioning of mines for monetization of mineral resources.
After his visit to Hyderabad, the minister will go to Visakhapatnam to check the expansion and modernisation work at the Vizag steel plant. He said after the work is over, the production of steel plant would go up from 2 million tonnes to 6.1 million tonnes of steel. The government spent around `12,000 crore on this development work.
He further revealed that Prime Minister Narendra Modi will inaugurate the expanded unit of the Vizag steel plant.
Tomar presented a GSI booklet on geology and mineral resources of Telangana and district resource maps of all districts in Telangana to KCR. During discussions between Tomar and Rao, issues including the present status of the proposal to set up a three million tonnes per annum (mtpa) integrated steel plant in Telangana came up. SAIL has prepared a feasibility report and carried out site inspection and market analysis for the same. Accordingly, recommendations have been made for consideration by the State and Central governments.
Source: The New Indian Express
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