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

19 May 2022 CW Team

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

Infrastructure Energy

14 Oct 2025

BPCL, RBML Join Hands To Boost CNG And City Gas Network

Bharat Petroleum Corporation Ltd (BPCL) and Reliance BP Mobility Ltd (RBML) have entered into a strategic collaboration to expand their footprint in city gas distribution (CGD) and compressed natural gas (CNG) sales across India. RBML, a 50:50 joint venture between Reliance Industries Ltd and BP Plc (UK), operates in the mobility segment under the Jio-bp brand. The partnership seeks to enhance the reach of cleaner, more affordable fuel options while advancing India’s transition towards a gas-based economy. Rahul Tandon, Business Head – Gas at BPCL, said the partnership would help “deli..

Infrastructure Energy

14 Oct 2025

India To Launch National Stockpile For Rare Earth Minerals

The Indian government is preparing to launch the National Critical Mineral Stockpile (NCMS), a strategic initiative designed to secure the nation’s access to rare earth elements essential for clean energy, defence, and high-technology manufacturing, according to a report by The Economic Times. The move follows China’s recent export restrictions on rare earth magnets — critical components used in electric vehicles (EVs), wind turbines, and advanced electronics — which have disrupted global supply chains and highlighted India’s import dependence. A senior government official told ET ..

Infrastructure Urban

14 Oct 2025

SBI Processes Rs 744 Billion In Digital SME Loans

The State Bank of India (SBI) has processed Rs 744.34 billion in digital loans for small and medium enterprises (SMEs) across 225,000 accounts under its SME Digital Business Loans programme up to August 2025, the bank announced on Friday. This total includes 67,299 MSME Mudra loans amounting to Rs 32.42 billion. Launched in FY24, the SME Digital Business Loans platform allows MSME entrepreneurs to apply online for credit requirements of up to Rs 50 million. In a statement, SBI said, “MSME advances have been identified as a key growth and profitability driver for the next five years. This ..