In a significant meeting, Smt. MP Daggubati Purandeswari, Shri MP C.M Ramesh, Shri SAIL Director S Kasi Viswanath Raju, and Shri Central Minister Bhupatiraju Srinivasa Varma extended their heartfelt congratulations to Shri HD Kumaraswamy on his new role as Minister of Steel and Heavy Industries.

The delegation expressed their optimism for his generous cooperation in the development of Andhra Pradesh.

The delegation presented a strategic proposal for the takeover of the Visakhapatnam Steel Plant (RINL Vizag) and Nagarnar Steel Plant, Chhattisgarh, by the Steel Authority of India Ltd. (SAIL). This proposal aims to establish a new powerhouse in the Indian steel industry, positioning it as a "Jewel of India."

The proposed takeover is expected to expedite the targets set by the National Steel Policy 2017, integrating and optimizing resources to enhance profitability and market expansion for SAIL.

The merger promises considerable cost savings in interest rates and raw materials, contributing to the faster profitability of the RINL Vizag plant.

The delegation emphasized that this strategic move would significantly benefit the Indian steel industry and the country as a whole. They expressed their anticipation for a favorable response to this proposal and remain available for any further discussions or clarifications.

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