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AP High Grade Steel Corporation to set up Kadapa Steel Plant

Steel News - Published on Fri, 29 Nov 2019

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AP government, abandoning Rayalaseema Steel Corporation Ltd, has decided to float AP High Grade Steel Corporation to develop the Kadapa steel plant.

Earlier, RSCL was formed for setting up of the steel plant as a joint venture with AP Mineral Development Corporation for taking up mining and supply of iron ore to the steel plant. Previous government had also appointed former Vizag Steel Plant CMD Mr P Madhusudhan as the CMD of RSCL. RSCL had also called global tenders to prepare a techno-economic feasibility report for the integrated steel plant. The steel plant was to come up at an investment of INR 15,000 crore to INR 18,000 crore.

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Posted By : Rabi Wangkhem on Fri, 29 Nov 2019
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