Will ensure Vizag steel plant operations streamlined: AP CM Chandrababu Naidu
RINL) is struggling to tide over a financial crisis, Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday said he would try his best to ensure that the state-owned steel plant is not privatised. Addressing a press conference here, he also cautioned the employees and trade unions of the Visakhapatnam Steel Plant to implement proper management policies and bring it out of the woods.
Noting that it was he who got the RINL's debt restructured and paved way for smooth functioning during former Prime Minister Atal Bihari Vajpayee's regime, Naidu blamed the previous YSR Congress government for not taking the plant's health seriously.
«The union and employees ( of RINL) have a responsibility to ensure smooth flow of operations and turn the loss-making project into a profitable one. While steel plants in the private sector are making profits, the management should think why a government undertaking has to face such a situation,» he said.
«Though it is a sentiment for the state (about the survival of RINL) it cannot be a reason for a bailout. We will try to streamline it totally and ensure that it is not privatised.»
Naidu said he recently held a meeting with Union Ministers Nirmala Sitharaman and HD Kumaraswamy on the issue.
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