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KCR seeks land for Vizag Steel in Warangal
Minister for Steel and Mines Shri Narendra Singh Tomar called on the Chief Minister of Telangana Shri K Chandrashekar Rao at latter\'s office in Hyderabad today.
Minister for Steel and Mines Shri Narendra Singh Tomar called on the Chief Minister of Telangana Shri K Chandrashekar Rao at latter's office in Hyderabad today. They discussed issues of mutual interest with special reference to steel and mines related issues in the state of Telangana. Shri Tomar presented a GSI booklet on geology and mineral resources of Telangana and district resource maps of all districts in Telangana to the Chief Minister.
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Shri Tomar assured all possible support in facilitating the state of Telangana to meet its targets of rapid growth and development. He proposed that GSI and MECL, two government organizations under Ministry of Mines can assist the state in assessing its mineral resources for revenue generation. Similarly state can consider utilizing the services of MSTC, a PSU under Ministry of steel, for auctioning of mines for monetization of mineral resources.
Telangana Chief Minister thanked Shri Tomar for quick action taken on the points discussed during their last meeting in Delhi in February this year. He sought support in further expediting the steel plant project to boost economy of the state and for employment generation. The Chief Minister assured quick action on identification and auction of mines.
During the meeting, the issues that came up for discussion included:
- Present status of the proposal to set up a 3 million tonnes per annum (mtpa) integrated steel plant in Telangana. Steel Authority of India Limited (SAIL) has prepared a feasibilty report and carried out site inspection and market analysis for the same. Accordingly recommendations have been made for consideration by the state government and governent of India. These include tax concessions, interest and capex subsiy and recalculation of IRR.
- Considering the proposal to give preferential treatment to Vizag Steel products for steel needed to ensure infrastructure and industrial development of the state.
- Proposal for allotment of land to Vizag Steel (RINL) in Warangal for better reach and distribution of steel to the state.
- Setting up of District Mineral Foundation in the districts of Telangana.
- Identification of mines for auction and further action on that front.
