POSCO to take over Vizag Steel Plant?

[Spartan]

muta badatam endi...its been taken over by other management ante...

[chandrabhai7]

4 minutes ago, Ryzen_renoir said:

Vadu cheppindhi enti , vizag steel plant close chestharu ani but posco lanti company will only take it greater heights . 

What's good for the  the state/country is not necessarily good for the union employees 

Lol 😂 

[jawaani_jaaneman]

6 minutes ago, Ryzen_renoir said:

Vadu cheppindhi enti , vizag steel plant close chestharu ani but posco lanti company will only take it greater heights . 

What's good for the  the state/country is not necessarily good for the union employees 

Veedini serious ga etla teesukuntunaru asalu ? vadu edo chepindu ani..

All the protests, who is to gain out of these protests ? RINL's management change valla evadiki nastam ? 

They have excess land, port facility, ore transport ki railway line, captive power plant and is under utilised.

India's modern steel plant is under utilized and sole reason being PSU and people are okay with it but not privatize. Let them get into losses and eventually shut down and people are okay with it.

[Ryzen_renoir]

6 minutes ago, jawaani_jaaneman said:

Veedini serious ga etla teesukuntunaru asalu ? vadu edo chepindu ani..

 

 

 

All the protests, who is to gain out of these protests ? RINL's management change valla evadiki nastam ? 

 

 

 

They have excess land, port facility, ore transport ki railway line, captive power plant and is under utilised.

India's modern steel plant is under utilized and sole reason being PSU and people are okay with it but not privatize. Let them get into losses and eventually shut down and people are okay with it.

Yup happened with so many institutions that's it's tragic . 

Entha assets undi emi labam if it is not being used for economically productive purposes . 

[kittaya]

57 minutes ago, jawaani_jaaneman said:

I really wish POSCO takes over RINL.

The best thing to happen to RINL since setting up shop in Vizag. 

Indian steel consumption is going to increase by leaps and you can't just keep a modern steel plant out of competition. Steel and Alloys la POSCO odini minchinodu ledu..this is the area where Indian companies lag behind.

There is no reason, govt doesnt encourge the local companies , instead ecnourages outsources to just lobby.. the things... 

HAL, amabsador cars, HMT ivannai ekkadiki  poyayi.. we just sell them....

[kittaya]

32 minutes ago, jawaani_jaaneman said:

Veedini serious ga etla teesukuntunaru asalu ? vadu edo chepindu ani..

All the protests, who is to gain out of these protests ? RINL's management change valla evadiki nastam ? 

They have excess land, port facility, ore transport ki railway line, captive power plant and is under utilised.

India's modern steel plant is under utilized and sole reason being PSU and people are okay with it but not privatize. Let them get into losses and eventually shut down and people are okay with it.

People doesnt care abt the company, how it is performing,, 

did govt tried to improve the company.... 

fk man... govt wants to lobby... dont bring the bull things here.... 

====================

do you ever know, the govt bussiness handling... just talking non-sense.... 

[jawaani_jaaneman]

1 minute ago, kittaya said:

There is no reason, govt doesnt encourge the local companies , instead ecnourages outsources to just lobby.. the things... 

HAL, amabsador cars, HMT ivannai ekkadiki  poyayi.. we just sell them....

We don't sell them just like that, we sell them when they don't make money.

In capitalistic world, Do you expect PSU's to compete with private and aggressive firms ?

in 1950's, when India started its journey, it was very important that we have industry and private was no option, hence PSU's came into existence. Its now a vibrant environment for business, you should encpurage PSU's to sell stake and become aggressive.

Look at SBI, danamma sakkaga manage chesthe dummu dulputadi....lame duck chesi kusapetinaru and sole reason being PSU.

Look at LIC...correct ga, aggressive ga market risk teesukunte, AIG pakka spot LIC de vuntadi...

When you don't innovate or invest, companies like HMT will disappear from market.

[jawaani_jaaneman]

Monna inkevado vachi, BSNL is in lossed ani lolli pedtadu.

Do you expect BSNL to compete with airtel and jio ? its a PSU man, and telecom market la aggressive ga vundali which is not possible because of red tape hurdles.

When there is n o private investment, big PSU's will also fail.

[Somedude]

POSCO ప్లాంట్ కోసం విశాఖ స్టీల్ ప్లాంట్ తో 2019 అక్టోబర్‌ లొనే ఒప్పందం తరువాత CM జగన్ ని పొస్కొ ప్రతినిధులు కలిసి మూడు సార్లు సంప్రదించాక, భూములు ఒప్పందం కుదుర్చుకున్నారు - పార్లమెంట్ లో కెంద్రమంత్రి ధర్మేంద్ర ప్రదాన్ సమాదానం..

 

 

[kittaya]

1 hour ago, Anta Assamey said:

Oka vidagam ga choostey Jagan anna Capital biscuit anduke anukunta to compensate...

ippudu mana capitol aedi asaluu ???

evariki telusuuuuu 

 

[kittaya]

7 minutes ago, Somedude said:

POSCO ప్లాంట్ కోసం విశాఖ స్టీల్ ప్లాంట్ తో 2019 అక్టోబర్‌ లొనే ఒప్పందం తరువాత CM జగన్ ని పొస్కొ ప్రతినిధులు కలిసి మూడు సార్లు సంప్రదించాక, భూములు ఒప్పందం కుదుర్చుకున్నారు - పార్లమెంట్ లో కెంద్రమంత్రి ధర్మేంద్ర ప్రదాన్ సమాదానం..

 

 

are we slowly encouraging Chinese directly or indirectly to take our things... 

[Anta Assamey]

2 minutes ago, kittaya said:

ippudu mana capitol aedi asaluu ???

evariki telusuuuuu 

 

Evadiki telusu ... Evadiki kavalsindi vadu anukovachu .. Aa comfort ichadu Jagan Anna ... 

[em_chicha]

1 hour ago, Anta Assamey said:

South Korean iron manufacturing company POSCO is most likely to take over the Central government undertaking Rashtriya Ispat Nigam Limited in Visakhapatnam, better known as Visakhapatnam Steel Plant, in collaboration with Korean car manufacturer Hyundai.

This was indicated to YSR Congress party MP and party general secretary V Vijay Sai Reddy by Union minister of steel Dharmendra Pradhan in Rajya Sabha on Wednesday.

Answering a question as to whether POSCO and Hyundai are planning to set up a Greenfield steel plant with an estimated cost of Rs 30,000 crores on the premises of RINL in Visakhapatnam, the Union minister said POSCO had evinced interest to set up a steel plant in Visakhapatnam on RINL's land. 

“A non-binding MoU was signed in October, 2019 between RINL and POSCO. Subsequently, a Joint Working Group (JWG) has been formed for exchange of information. The shareholding pattern has not been determined at this stage,” he said.

However, as per MoU, POSCO wishes to have at least 50% shareholding while the shareholding of RINL would be worked out on the basis of valuation of RINL's in-kind contribution of the land for setting up of the plant, Pradhan said.

The union minister further said a joint team of POSCO and Hyundai along with the Ambassador of South Korea came to India and visited RINL, Visakhapatnam. They participated in a meeting with representatives of RINL, NMDC and Ministry of Steel on 22.10.2018.

Subsequently, a team of officials from POSCO visited the RINL thrice July 7, 2019, September 23, 2019 and February 20, 2020 in connection with setting up of the plant, he said.

2018 lo ne Vizag Steel plant ni visit chesaru to setup JV, mari appudu CM evaru ?

Baboru kuda appati vishyalu anni dachinatle na ?

[em_chicha]

Vizag Steel ni state govt. ae tisukunte chala manchi pani chesinatlu avuthundi kani Modi aa chance jagan ki isthada ?

 

[Anta Assamey]

5 minutes ago, em_chicha said:

2018 lo ne Vizag Steel plant ni visit chesaru to setup JV, mari appudu CM evaru ?

Baboru kuda appati vishyalu anni dachinatle na ?

Yes CBN kuda dachinatte.... Andulo doubt enduku ...But question would when was the deal signed..