Opposition to Sale of RINL (Visakhapatnam Steel Plant)
Employees and unions oppose the sale due to fears of job losses and reduced benefits under private ownership.
The VSP has historical significance and is seen as a legacy project for the people of Andhra Pradesh, making its sale deeply controversial.
Workers believe that private entities are interested in the plant primarily for its valuable land and real estate potential, not for its steel production capabilities
VSP’s Financial Status
The VSP has been making significant losses recently, with production reduced to only one operational blast furnace out of three.
Before the protests, the plant was struggling financially but had not reached the current levels of distress seen in recent years.
Main Demands of Employees
Employees demand that the government allot a captive iron ore mine to ensure the plant's sustainability and reduce operational costs.
They propose merging VSP with the Steel Authority of India Limited (SAIL) to enhance production capacity and operational efficiency.
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