Tata Steel Interest in RINL is Diversion Tactics - Protestors
RINL Privatization VisakhaUkku

Tata Steel Interest in RINL is Diversion Tactics - Protestors

Hans News Service reported that Visakha Ukku Parirakshana Porata Committee, spearheading agitation against the strategic sale of

Hans News Service reported that Visakha Ukku Parirakshana Porata Committee, spearheading agitation against the strategic sale of Rashtriya Ispat Nigam Ltd, Chairman Mr Narasinga Rao said that any trick is the same to kill the hen and cook it and so is the same principle applied to Visakhapatnam Steel Plant. Sharing his views on the Tata steel showing interest in acquiring Rashtriya Ispat Nigam Limited, he said”Inviting bids form legal advisory to assess the value of the steel plant even as the assets acquisition advisory postponed it thrice. In this backdrop, even without assessing the value of the plant, how could Tata show interest in acquiring RINL? It is nothing but diversion tactics.”

According to Mr Narasinga Rao, it does not make any difference which buyer acquires the plant. He said "But once it is decided to sell the plant to whoever may bid, we will resist the sale proposed by any private company. The policies of all private companies are the same. Once it is sold to a private company, they will not implement reservations in recruitment and promotion that are constitutionally guaranteed.”

Further, he stated that 90% of the employment will be reduced and many jobs will become contractual and workers will be forced to stretch for 12 hours if the plant falls into the hands of a private operator.

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