Minister says would work on a plan to infuse
funds once the company works towards increasing capacity
In his review
meeting with the board of the public sector enterprise, Kumaraswamy instructed
Vizag Steel officials to increase steel production to get out of the financial
rut
Heavy
Industries and Steel Minister HD Kumaraswamy reviewed the progress of Vizag
Steel on July 3, noting that the ministry would work out a plan to infuse funds
once the company works towards increasing production and capacity.
Visakhapatnam Steel Plant, or Vizag Steel, is run by the corporate
entity Rashtriya
Ispat Nigam Limited.
The minister
also requested a comprehensive plan to revive the struggling entity.
In his
meeting with the board of the public sector enterprise, Kumaraswamy instructed
the officials to increase steel production to get out of the financial rut.