Hyderabad (Telangana) [India], April 12 (ANI): Telangana Minister Kalvakuntla Taraka Rama Rao on Monday urged the BJP-led central authorities to revoke the Bailadila mining contract that was awarded to industrialist Gautam Adani for setting up a metal plant in Mundra, Gujarat.
Speaking to reporters at Telangana Bhavan, KTR additionally urged the centre to arrange the proposed Bayyaram metal plant in Telangana with the intention to save the loss-making Vishaka metal plant in Andhra Pradesh.
“If the Bailadila contract is saved from the hands of Adani, we can set up the plant in Vizag and Bayyaram. There is a big conspiracy to sell the Vizag steel plant at a very low price,” KTR alleged.
“As part of the conspiracy to privatize the steel plant, VSP will be pushed into losses and the crisis will be shown as an excuse to hand it over to crony corporate companies. The central government did not allow the special iron ore mines to the steel plant. Due to this, the steel plant is forced to spend up to 60 per cent of its production cost on raw material,” he stated earlier within the month.
Despite the state authorities’s repeated appeals to arrange a metal plant at Bayyaram, the Union authorities was not contemplating the requests, he stated.
As per the Andhra Pradesh reorganisation act 2014, the centre assured to arrange two metal vegetation for Telugu folks, one in AP’s Kadapa and the opposite in Telangana’s Bayyaram, KTR claimed.
Rao stated the BJP authorities stated that organising a metal plant at Bayyaram, was not doable on account of low-grade iron ore high quality.
He questioned the way it was possible to arrange a metal plant in Mundra which is 1800 km from Bailadila however not in Visakhapatnam or Bayyaram that are 600 km and 150 km away, respectively.
“I met PM personally in June 2018. We said the state will bear 50 per cent of the expenditure,” he stated.
“Even the CM KCR said the same thing. But we didn’t know about the conspiracy being hatched in the background,” he stated.
‘The centre had determined to provide iron ore from Bailadilla to a Japanese metal mill and ‘POSCO’ -a South Korean steal-making firm. In September 2018, Adani put up an iron ore mining firm and inside a brief span of time, he issued an announcement, saying that he’s organising an Integrated metal plant with ‘POSCO’ in Gujarat’s Mundra,” KTR added.
When, Vijay Sai Reddy, Rajya Sabha MP and the nationwide normal secretary of YSR Congress Party, sought to know whether or not the POSCO firm will arrange any metal plant in Vizag, the union authorities replied, “The company is thinking about setting up a factory”.
Earlier, Union Minister Kishan Reddy stated the Bayyaram metal plant is just not possible for the metal authority of India, he stated.
Rama Rao stated that just about 1.34 billion tonnes of high-quality iron ore price roughly Rs 6 lakh crore was obtainable on the Bailadila mines in Chhattisgarh, and if allotted to the Telugu states, it will profit the VSP and the plan for the Bayyaram metal plant.
“A few big shots in Delhi are eyeing the Bailadila mining contract. They want to sell it to their friends,” Rao alleged.
“Our official team is already in Vizag and studying, what can be done. Vishaka steel plant and Bayyaram steel plant are linked through Bailadila,” KTR stated.
KTR urged the central authorities to instantly cancel the Bailadila venture awarded to Adani and arrange the Bayyaram metal plant to strengthen the Vizag metal plant. (ANI)