New Delhi : A Task Force constituted by Steel Ministry is examining the feasibility of setting up steel plants in Andhra Pradesh and Telengana by any interested parties at Bayyaram and Kadapa.
Task Force to examine feasibility of steel plants in AP and TS
The task force comprising of representatives from the Central Government, State Government and Central Public Sector Enterprises under the Ministry of Steelwas set up on October 19 to consider the feasibility issues and prepare a roadmap for setting up of steel plants.
It has held series of meetings since then which were attended by the representatives of the State Governments of Andhra Pradesh and Telangana as well. The last meeting of the Task Force, being sixth in the series of meetings, was held on 12.06.2018. The relevant data for preparation of the feasibility reports based on realistic assumptions is to be shared by the State Governments with MECON (CPSE under Ministry of Steel) entrusted with the task.
Ministry of Steel is making sincere and relentless efforts in working out a feasible solution to make the project financially viable so as to bring about positive and sustainable development of not only Andhra Pradesh and Telangana but also the nation as a whole.
As per the Thirteenth Schedule of the Andhra Pradesh Reorganisation Act,2014, Steel Authority of India Limited (SAIL) examined the feasibility of establishing an Integrated Steel Plant in YSR District of Andhra Pradesh and Khammam district of Telangana and submitted its report examining the feasibility of installation of 3 MTPA Integrated Steel Plant in both the States on 02.12.2014. As per the feasibility report, setting up of steel plant was found prima facie not financially viable.