Rs. 8,000 Cr Steel Plant In Anantapur

The KIOCL will set up an integrated steel plant in Anantapur, with an investment of Rs. 8,000 crore.

A delegation of officials from KIOCL (formerly Kudremukh Iron Ore Company, a Government of India Enterprise) lead by its Chairman and Managing Director K Ranganath, called on Chief Minister N Kiran Kumar Reddy at the Camp Office on Friday.

He said that on allocation of an iron ore mining lease, KIOCL will invest in the development of mines, a beneficiation plant, a pelletisation plant and value addition plants and an integrated steel plant, with an investment of Rs. 8,000 crores, by forming joint ventures with state agencies in Bommanhal and D Hirelal mandals.

Revenue Minister N Raghuveera Reddy was also present on the occasion.

The delegation requested the CM to grant a prospecting license and mining lease for their project, which will generate direct employment to about 8,000 people. The CM instructed the officials to convene a meeting at the earliest to work out the modalities.

MP Anantha Venkatrami Reddy, MLAs Sudhakar, Madhusudhan Gupta, Legislative Council Chief whip Siva Rami Reddy, former MP Col Nizamuddin and Ananthapur district leaders Khasim Khan, Lakshminarayana and others were also present. (INN)