Centre, Andhra Govt to Strengthen Vizag Steel Plant
ECONOMY & POLICY

Centre, Andhra Govt to Strengthen Vizag Steel Plant

The Central and Andhra Pradesh governments have decided to collaborate on a comprehensive action plan to strengthen the Vizag Steel Plant (VPS). The initiative aims to address financial challenges, enhance production, and ensure the plant’s long-term viability.

A delegation from the Union Ministry of Steel met Chief Minister N. Chandrababu Naidu in Undavalli, Guntur district, to discuss a financial package and necessary measures for VPS. Union Minister of State for Steel, B. Srinivasa Varma, thanked Naidu for deploying the Special Protection Force (SPF) to secure the plant.

Strategic Measures for Revival

During the discussions, Naidu proposed regular reviews of the plant’s progress and urged the reopening of the third blast furnace to increase production capacity. Currently, only two blast furnaces are operational.

He emphasized the need for continued collaboration between the central and state governments, assuring full state support to enhance the plant’s efficiency and financial health.

The joint action plan is expected to strengthen Vizag Steel Plant’s position in India’s steel sector, ensuring its revival and sustained growth.

The Central and Andhra Pradesh governments have decided to collaborate on a comprehensive action plan to strengthen the Vizag Steel Plant (VPS). The initiative aims to address financial challenges, enhance production, and ensure the plant’s long-term viability. A delegation from the Union Ministry of Steel met Chief Minister N. Chandrababu Naidu in Undavalli, Guntur district, to discuss a financial package and necessary measures for VPS. Union Minister of State for Steel, B. Srinivasa Varma, thanked Naidu for deploying the Special Protection Force (SPF) to secure the plant. Strategic Measures for Revival During the discussions, Naidu proposed regular reviews of the plant’s progress and urged the reopening of the third blast furnace to increase production capacity. Currently, only two blast furnaces are operational. He emphasized the need for continued collaboration between the central and state governments, assuring full state support to enhance the plant’s efficiency and financial health. The joint action plan is expected to strengthen Vizag Steel Plant’s position in India’s steel sector, ensuring its revival and sustained growth.

Next Story
Infrastructure Transport

Japan builds 3D-printed station in just six hours

In a pioneering move, West Japan Railway Company has introduced a 3D-printed train station in Arida city, reportedly the first of its kind in the world. The new Hatsushima station was assembled in less than six hours using prefabricated components manufactured off-site and transported over 800 kilometres to the location.The new facility replaces an ageing wooden structure dating back to 1948. Since 2018, Hatsushima has functioned as an unmanned station, a common model for smaller stations across Japan. It serves approximately 530 passengers daily on a single-line route with limited train frequ..

Next Story
Infrastructure Urban

Repo Relief: Real Estate Sector Applauds RBI’s Second Consecutive Rate Cut

In a decisive move to stimulate growth amid global economic uncertainties, the Reserve Bank of India (RBI) has slashed the repo rate by 25 basis points for the second consecutive time this year, bringing it down to 6 per cent. This back-to-back reduction reflects the central bank’s accommodative stance aimed at reviving domestic consumption, easing borrowing costs, and providing a fillip to interest-sensitive sectors—particularly real estate.The latest cut follows a similar 25 bps reduction in February and comes at a time when inflation has moderated and the GDP growth for FY26 is projecte..

Next Story
Infrastructure Energy

BGR Tech, Chemie Tech to jointly execute green hydrogen projects

BGR Tech has signed a Heads of Agreement (HOA) with Chemie Tech DMCC to collaborate on multi-megawatt Lump Sum Turnkey (LSTK) green hydrogen and ammonia projects across global markets. The agreement was signed by Ms. Priyadershini Raghupathy, Managing Director – BGR Tech Ltd., and Mr. M.K. Saiyed, Chairman & Managing Director – CTDMCC, in the presence of Mr. Shandar S.M. Zaidi, Director – Green Hydrogen & Ammonia, CTDMCC.BGR Tech will provide green hydrogen generation and purification systems, including electrolysers and related engineering support, drawing on its manufac..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?