Disinvestment process of Vizag Steel Plant under progress: Steel Ministry

The Ministry of Steel has clarified today that there will be no freeze on the disinvestment process of RI L-VSP.

Visakhapatnam, April 14: The Ministry of Steel on Friday clarified that there is’ no freeze on the disinvestment process of RI L-VSP.

Clarifying about some media reports regarding hold on the disinvestment process of RINL, the Ministry of Steel in a release, said that disinvestment process of RINL is under progress.


Efforts are being made by the company and supported by the Government to improve the performance of RINL and keep it as a going concern, the release added.

It may be mentioned here that Union Minister of state for steel, Kulaste said that the centre has frozen plans to privatize VSP.

Talking to reporters at the rozgar mela here on Thursday, Kulaste said the centre is focusing on strengthening the steel plant to achieve full capacity by sorting out raw material issues.