Meanwhile, former IPS Lakshmi Narayana wrote to the management of
VSP, seeking to know whether the company would accept public donations as
working capital.
According to sources,
coal from SCCL would not be suitable for steel production and its boiler coal
can be used only in at VSP’s thermal power plant.
Express News Service
VISAKHAPATNAM: Seven more firms, including two international players
from the United States and Indonesia, submitted an Expression of Interest (EoI)
invited by RINL (Rashtriya Ispat Nigam Limited) as the five-day extended
deadline ended on Thursday.
However, Singareni Collieries Company Limited (SCCL), through which the
Telangana government wanted to submit an EoI, did not file a bid. Reasons for
the same were not known immediately. Telangana government’s interest to
participate in the EoI had generated a lot of buzz as it received an
overwhelming response from employees of the Visakhapatnam Steel Plant and flak
from ruling party leaders in Andhra Pradesh.
According to sources, coal from SCCL would not be suitable for steel
production and its boiler coal can be used only in at VSP’s thermal power
plant. It may be recalled that on March 27, the corporate entity of the Steel
Plant had called for bids to fund its working capital or provide key raw
materials (like coking coal/blast furnace coke, iron ore) against supply of its
steel as per mutually agreed terms and conditions