Stop Vizag Steel Plant Privatisation: KTR Writes to Centre

Bharat Rashtra Samiti (BRS) party working president and Telangana Minister K T Ramarao demanded the central government to stop privatisation of steel plant in Visakhapatnam. 

In an open letter to the central government, the minister alleged that there is a conspiracy to hand over steel industries to private companies. 

KTR also asked why the centre is not being generous towards Vizag steel plant, which has waived off Rs 12.5 lakhs loans to its corporate friends.

He also demanded the central government to purchase Vizag steel plant products and provide financial assistance to the working capital. 

"The centre should allocate Rs 5, 000 crores to the steel plant and also should think over the steel plant merger with Steel Authority of India (SAIL)," the minister demanded. 

The minister also appealed lakhs of PSU workers to join the hands with BRS to stop sale of PSUs by central government.  

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