Times of India reported that Tamil Nadu’s political party Paattali Makkal Katchi founder Mr S Ramadoss has urged the Union government to drop the plan to privatize Steel Authority of India Limited’s Salem Steel Plant in Tamil Nadu. He said “The government should run the plant and invest more to improve standard of production. If it proceeds with its plan, the Centre should return around 4,000 acres of land under the steel plant's control to the original owners at the earliest.” He added “The Centre taking the process up again is unfortunate. Salem Steel Plant is an icon of Tamil Nadu. No one can estimate sacrifices of Salem residents for the development of the plant. When the plant was installed, hundreds of people sold a total of 4,000 acres of land for less than INR 5,000 per acre.” Recently, Union minister for steel Mr Jyotiraditya Scindia stated in the Parliament that a tender would be floated in January 2023 for eligible companies to bid for Salem Steel Plant India’s Cabinet gave its ‘in-principle’ approval in October 2016 for strategic disinvestment of ASP, VISP and SSP. On 1 February 1, SAIL issued notice seeking expression of interest for disinvestment of ASP, but EoIs received did not meet the specified eligibility criteria. Fresh process was initiated and revised EoIs for ASP, VISP and SSP were issued in 2019, but nothing concrete came out of the process since then. SSP, located in southern state of Tamil Nadu, has a capacity for production of 66,600 tonnes of cold rolled stainless steel flat products and 272,000 tonnes per year of hot rolled stainless steel ASP, located in West Bengal in the east, has capacities for production of non-stainless steel plates, concast slabs and blooms, and forged steel rounds and squares.
Times of India reported that Tamil Nadu’s political party Paattali Makkal Katchi founder Mr S Ramadoss has urged the Union government to drop the plan to privatize Steel Authority of India Limited’s Salem Steel Plant in Tamil Nadu. He said “The government should run the plant and invest more to improve standard of production. If it proceeds with its plan, the Centre should return around 4,000 acres of land under the steel plant's control to the original owners at the earliest.” He added “The Centre taking the process up again is unfortunate. Salem Steel Plant is an icon of Tamil Nadu. No one can estimate sacrifices of Salem residents for the development of the plant. When the plant was installed, hundreds of people sold a total of 4,000 acres of land for less than INR 5,000 per acre.” Recently, Union minister for steel Mr Jyotiraditya Scindia stated in the Parliament that a tender would be floated in January 2023 for eligible companies to bid for Salem Steel Plant India’s Cabinet gave its ‘in-principle’ approval in October 2016 for strategic disinvestment of ASP, VISP and SSP. On 1 February 1, SAIL issued notice seeking expression of interest for disinvestment of ASP, but EoIs received did not meet the specified eligibility criteria. Fresh process was initiated and revised EoIs for ASP, VISP and SSP were issued in 2019, but nothing concrete came out of the process since then. SSP, located in southern state of Tamil Nadu, has a capacity for production of 66,600 tonnes of cold rolled stainless steel flat products and 272,000 tonnes per year of hot rolled stainless steel ASP, located in West Bengal in the east, has capacities for production of non-stainless steel plates, concast slabs and blooms, and forged steel rounds and squares.
