LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Efforts to be made to take proposed steel plant in AP to logical end: Centre

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Thu, Oct 18, 2018
09:22 pm
PTI
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

A high-powered team is working to develop a plan and prepare a technical report for the proposed steel plant at Kadapa in Andhra Pradesh, the Steel Ministry said Thursday.

The ministry said that a review was held last week for preparation of a feasibility report for the steel plant in YSR district as envisaged under the Andhra Pradesh Reorganisation Act, 2014.

It, however, pointed out that the ministry was still awaiting key data related to iron ore leases from the state government which was essential to finalisation of feasibility report.

"In the discussion it was stressed that steel plant in YSR Kadapa District of Andhra Pradesh is a very important project for the overall development of that region and all efforts should be made to take the project to its logical end," the ministry said in a release.

A high-powered task force comprising representatives from centre and state governments, SAIL, RINL, NMDC, MECON and MSTC is working to evolve a plan and prepare a technical report, the ministry said.

MECON has already submitted a draft report. Further it has finalised all that is required for the preparation of technical report and is waiting for data relating to availability of iron ore, which is essential for the preparation of the feasibility report.

"This data is to be provided by the State Government which is still awaited," it said.

Steel Minister Chaudhary Birender Singh while reviewing the implementation of major projects related to steel sector last week, instructed MECON to give its technical report to the task force immediately without waiting for any other details that is yet to be provided by the state government.

He further asked Mecon to continuously follow up with the state government to furnish the details of mining leases and availability of iron ore at the earliest so as to enable the task force to evaluate the technical report of the project and its feasibility.

It was also decided that the task force will study the mode of investment for the proposed steel plant as a public sector, private sector, a joint venture or a combination of any or all these, the statement said.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

From SBI Power Demat Account avail benefit of SBI Savings Account - From free ATM card to loans, check out offer by State Bank of India

OPSC Medical Officer Recruitment 2021: Pay matrix of level 12, dearness allowance and more on offer; Check age limit and all other details here!

Important news for BPCL investors: Anil Singhvi decodes Numaligarh stake sale, says set to get top valuation

Petrol, diesel prices unchanged for 3rd straight day

Railway Recruitment 2021: Government jobs for 10th pass - Rush and apply for 2532 vacant posts

IIFL Finance NCD issue: Opportunity to earn handsome money, Nirmal Jain tells Anil Singhvi in exclusive chat

Sensex surges 750 points - Here is what led to this rally | Check top gainers

GameStop Stock UPDATE - Surges more than 18 pct, other ''meme stocks'' also rally

ICSE, ISC exams 2021: CISCE releases Class 10, Class 12 date sheet on cisce.org — check exam dates and other details here

7th Pay Commission today: Central government employees alert! Latest news - Your premium is part of this allowance, benefit

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved