Visakha Steel Plant

MP GVL Narasimha Rao met with CMD of Visakha Steel Plant regarding Expression of Interest invited for working capital. Issues of obtaining working capital were discussed. They discussed the possibility of getting loans from national banks without the help of outside institutions. It seems that they are planning to get working capital without giving opportunity to Singareni Collieries and other private steel makers if they can get loans from national banks. It is reported that BJP leaders are also trying to put pressure on the Center in that direction.