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VUPC team hold Save Vizag Steel and Save Andhra Pradesh in Delhi, meets AICC president Mallikarjun Kharge | India News

India News: VISAKHAPATNAM: Intensifying the protest against the Centre’s stubborn stand on privatization of the Vizag Steel Plant (VSP), members of Visakha Ukku P.

Employees intensify stir against Vizag Steel Plant privatisation

Employees intensify stir against Vizag Steel Plant privatisation ​ By IANS | ​ 0 Views   Hyderabad: Visakhapatnam Steel Plant staff launch massive protest against privatisation on 5th February 2021 (Photo: snapsindia/IANS). Image Source: IANS News Visakhapatnam, July 25 : Leaders of employees unions affiliated to all trade unions took out a padyatra here on Sunday as they intensified the protest against the Centre s move to privatise Visakhapatnam Steel Plant. Employees and leaders of all trade unions belonging to different political parties participated in the padyatra organised from Kurmannapalem Junction to Duvvada. They also visited the colonies of the Steel Plant workers. The protestors declared that they will not allow privatisation of the plant which was achieved with the sacrifice of many lives.

If Yes Bank can be bailed out by Centre, why not VSP?

Updated: March 16, 2021 06:59 IST The steel plant has incurred loses only for four years in its 30 years of existence, says Narasinga Rao Share Article AAA The steel plant has incurred loses only for four years in its 30 years of existence, says Narasinga Rao Visakha Ukku Parirakshana Committee chairman Ch. Narasinga Rao has condemned the statements of Union Minister G. Kishan Reddy that the Visakhapatnam Steel Plant (VSP) had been incurring losses for the past several years and for how long would it have to be supported by the taxpayers. He asked if the Centre could bail out the loss-making YES Bank, a private firm, why the same benefits was being denied to the VSP. In a statement on Monday, he said there was no truth in the statements of the Union Minister that the plant was incurring losses for the past several years.

Andhra Pradesh: Steel Plant Workers Agitate Against Centre s Privatisation Plan

Andhra Pradesh: Steel Plant Workers Agitate Against Centre s Privatisation Plan The Centre s decision on 100% disinvestment in Rashtriya Ispat Nigam Limited, the corporate entity of Visakhapatnam Steel Plant, has triggered massive protests in the state. A view of Visakhapatnam Steel Plant (VSP) under the corporate entity Rashtriya Ispat Nigam Ltd. Photo: Vizag Steel website Rights13/Mar/2021 Vijayawada: On March 8, Union finance minister Nirmala Sitharaman gave a statement in the parliament on 100% disinvestment in Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP). The announcement has stoked regional sentiment in Andhra Pradesh, triggering massive protests. In a written reply to a question raised by YSR Congress MP Vijayasai Reddy in the Rajya Sabha, the finance minister declared that the central government will divest 100% of its equity in the RINL along with the the PSU’s stakes in subsidiaries and joint ventures through strategic

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