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Visakhapatnam Steel Plant

NTPC Simhadri Thermal Power Project

Visakhapatnam Port Trust

Vizagpatnam Chamber of Commerce & Industry

Sammakka-Sarakka jatara brings business for Anakapalli jaggery traders
Jaggery prices moves to Rs. 115 per kg

Security failure in Coramandal Fertilizers Factory
Rs.3.50 lakh worth of iron items looted

Bauxite mining issue gaining momentum again
Tribals launch seven days padayatra

Essar Steel acquires US Steel company
Estimated reserves of 1.4 billion tonnes of iron ore

ONGC Human Resources Meet begins at Visakhapatnam
Chairman stress importance of HR in business

Visakhapatnam, May 25, 2007

Proposal not cleared, says T Subbi Rami Reddy

The Visakhapatnam MP N Janardhana Reddy's statement that the Cabinet had passed a resolution approving the takeover of Hindustan Shipyard Limited (HSL) by the Navy, the Union Minister of State for Mines, T Subbi Rami Reddy on Friday said that the proposal is not yet cleared.

In a press conference, he said that he have been constantly working on the the restructuring of HSL and as far as his knowledge goes, the Cabinet has not approved any such resolution. He said a high level committee headed by the Minister for External Affairs Pranab Mukharjee and and comprising senior officials from Ministries of Defence, External Affairs, Ports an Shipping and Finance was constituted to examine the feasibility of the restructuring the HSL either partly or in entirety.

The committee has not yet reached a consensus. It is still in the conceptual stage he said in the press conference.

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