(PTI)
The Andhra Pradesh government and state owned mining major NMDC will soon sign an MoU for supply of iron ore, a critical raw material, for the proposed Kadapa steel plant plant, foundation for which is planned to be laid next month.
Union Petroleum and Natural Gas Minister Dharmendra Pradhan held a meeting with Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy at the Secretariat here on Friday afternoon and discussed a host of issues, including the critical iron ore linkage for the steel plant. Jagan had on July 8 announced that a new steel plant would be set up in Kadapa district, foundation for which would be laid on December 26.”AP government and NMDC will soon sign a memorandum of understanding (MoU) for the supply of iron ore for the proposed steel plant, the Chief Ministers Office later said in a release.
Official sources said it was not yet decided whether the steel plant would be set up by the government or by a private entity. Whoever sets it up, iron ore is critical and the linkage with NMDC is sure a big deal, a top bureaucrat, who attended the meeting, said.According to the Chief Minister, the proposed plant would be completed within three years and provide employment to about 20,000 people.
