Union blames Centre for coal shortage at Vizag steel plant
Steel

Union blames Centre for coal shortage at Vizag steel plant

The Centre of Indian Trade Unions (CITU) has demanded that the Union government ensure coal supply to the Visakhapatnam Steel Plant (VSP) from the mines on a par with other steel majors in the country.

A protest was staged at Visakhapatnam by steel workers under the aegis of the CITU, demanding the intervention of Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy to exert pressure on the Centre in this regard.

Addressing the gathering, CITU leaders said that the shortage of coal would hit production at the VSP. The Centre, was supplying coal to other steel majors like Tata Steel, JSW Steel, Jindal and Ispat Industries Ltd, but was denying the same to the VSP, thereby pushing it into losses. Importing of coal from Australia was costing VSP Rs 120 billion a year, they said.

They alleged that a blast furnace was closed due to shortage of coal and production capacity was reduced by 30%. They expressed the fear that one more blast furnace would have to be closed if coal supply was not resumed. They also demanded that the YSR Congress government not limit itself to issuing of statements on protection of the VSP but should exert pressure on the Centre.

See also:
Fitch forecasts strong demand for steel, cement
Tata Steel to increase NINL operation to 1.1 million tonne in a year


The Centre of Indian Trade Unions (CITU) has demanded that the Union government ensure coal supply to the Visakhapatnam Steel Plant (VSP) from the mines on a par with other steel majors in the country. A protest was staged at Visakhapatnam by steel workers under the aegis of the CITU, demanding the intervention of Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy to exert pressure on the Centre in this regard. Addressing the gathering, CITU leaders said that the shortage of coal would hit production at the VSP. The Centre, was supplying coal to other steel majors like Tata Steel, JSW Steel, Jindal and Ispat Industries Ltd, but was denying the same to the VSP, thereby pushing it into losses. Importing of coal from Australia was costing VSP Rs 120 billion a year, they said. They alleged that a blast furnace was closed due to shortage of coal and production capacity was reduced by 30%. They expressed the fear that one more blast furnace would have to be closed if coal supply was not resumed. They also demanded that the YSR Congress government not limit itself to issuing of statements on protection of the VSP but should exert pressure on the Centre. See also: Fitch forecasts strong demand for steel, cementTata Steel to increase NINL operation to 1.1 million tonne in a year

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?