AP invites Posco for discussions for greenfield steel plant at Krishnapatnam
March 01, 2021
× Andhra Pradesh government has invited Korean company Posco to discuss their proposal for setting up a greenfield integrated steel plant at Krishnapatnam in Nellore district.
The move comes within days of the State Cabinet nod for Liberty Steel India Limited joint venture for setting up of a greenfield steel plant in Kadapa district of the State.
R Karikal Valaven, Special Chief Secretary, Industries and Commerce, AP, in a letter addressed to Sung Lae. Chun, POSCO India CMD, has invited Posco for discussions to take forward their proposal under the AP Industrial Development Policy 2020-23 and firm up the plans.
AP choses Liberty Steel India as JV partner for construction of YSR Steel plant in Kadapa
Synopsis
The AP government established the YSR Steel Corporation Limited for development and operation of a new steel plant in Kadapa district and invited proposals in November last from renowned companies for inducting as a joint venture partner.
Agencies
The proposed steel plant will have a capacity of up to three million tonnes per annum for producing high grade steel products.
Andhra Pradesh government on Tuesday chose Liberty Steel India Limited as the joint venture partner for construction and development of YSR Steel Plant in Kadapa district. The state Cabinet, which met here under the chairmanship of Chief Minister Y S Jagan Mohan Reddy, also approved alienation of 3,148.68 acres of land in Jammalamadugu mandal for the integrated steel plant at the rate of Rs 1.65 lakh per acre, according to Information and Public Relations Minister Perni Venkataramaiah (Nani).