+
Govt's proposal to auction assets of CCI unit sparks political row
Cement

Govt's proposal to auction assets of CCI unit sparks political row

The government's proposal to auction the assets of the Cement Corporation of India (CCI) unit at Adilabad in Telangana has snowballed into a political controversy with the ruling Telangana Rashtra Samiti (TRS), Congress, and Left parties coming together to criticise the action and demanding the Centre revive the unit instead of dismantling it.

The unit was spread over 772 acres and was shut down in 2008 as it had operated into heavy losses.

On Wednesday, TRS Member of Legislative Council (MLC) K Kavitha, the daughter of Chief Minister K Chandrashekar Rao, urged the Centre to roll back the auction proposal.

The Centre should consider withdrawing the decision as the action will harm thousands of families dependent on it.

For the Adilabad factory, the bid was invited along with a bid for two plants in Chhattisgarh, one each from Madya Pradesh and Karnataka.

Kavita said that the Centre should answer if it is proceeding to reinvest the funds in Telangana or set up new factories to create employment.

She also asked if the BJP government would accord national status to state-funded irrigation projects or install Kazipet Coach Factory and educational institutions with the funds they are attempting to consolidate via the sale of national assets.

Kavita said that the state BJP leaders are answerable to the people of Telangana about the auction of the Adilabad unit of CCI, privatisation of Singareni Collieries Company Ltd, and selling of national assets.

Telangana’s IT and Industry Minister KT Rama Rao urged Commerce and Industry Minister Piyush Goyal to review the proposal and revive the unit. Rao said that the state government would give financial incentives if the unit is revived, which can create employment. Electricity and plenty of water were available, and the unit can be revived.

A joint action committee (JAC) including TRS, Congress, CPI, CPM, and student organisations have launched a protest urging that the Centre revive the unit rather than dismantle it.

S Vikas, secretary of the CCI Employees Association, told the media that there was a high court (HC) order against the auction of CCI assets and dismantling.

Image Source

Also read: Dalmia Cement decides to invest Rs 2,600 cr in Tamil Nadu within 3 years

The government's proposal to auction the assets of the Cement Corporation of India (CCI) unit at Adilabad in Telangana has snowballed into a political controversy with the ruling Telangana Rashtra Samiti (TRS), Congress, and Left parties coming together to criticise the action and demanding the Centre revive the unit instead of dismantling it. The unit was spread over 772 acres and was shut down in 2008 as it had operated into heavy losses. On Wednesday, TRS Member of Legislative Council (MLC) K Kavitha, the daughter of Chief Minister K Chandrashekar Rao, urged the Centre to roll back the auction proposal. The Centre should consider withdrawing the decision as the action will harm thousands of families dependent on it. For the Adilabad factory, the bid was invited along with a bid for two plants in Chhattisgarh, one each from Madya Pradesh and Karnataka. Kavita said that the Centre should answer if it is proceeding to reinvest the funds in Telangana or set up new factories to create employment. She also asked if the BJP government would accord national status to state-funded irrigation projects or install Kazipet Coach Factory and educational institutions with the funds they are attempting to consolidate via the sale of national assets. Kavita said that the state BJP leaders are answerable to the people of Telangana about the auction of the Adilabad unit of CCI, privatisation of Singareni Collieries Company Ltd, and selling of national assets. Telangana’s IT and Industry Minister KT Rama Rao urged Commerce and Industry Minister Piyush Goyal to review the proposal and revive the unit. Rao said that the state government would give financial incentives if the unit is revived, which can create employment. Electricity and plenty of water were available, and the unit can be revived. A joint action committee (JAC) including TRS, Congress, CPI, CPM, and student organisations have launched a protest urging that the Centre revive the unit rather than dismantle it. S Vikas, secretary of the CCI Employees Association, told the media that there was a high court (HC) order against the auction of CCI assets and dismantling. Image Source Also read: Dalmia Cement decides to invest Rs 2,600 cr in Tamil Nadu within 3 years

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code