Business Line reported that Andhra Pradesh chief minister Mr N Kiran Kumar Reddy gave an assurance to the Mr AP Chowdhary CMD of the Rashtriya Ispat Nigam Ltd that the state government is favorably inclined to the petition of the company for iron ore mines in the state and one or two may be allotted shortly
RINL CMD also brought up the issue of restrictions on power supply and penalties imposed by the state electricity authorities on the company and the chief minister responded positively and promised immediate action to help RINL.
Mr Chowdhary thanked the chief minister and pointed out to him that the expansion project of the steel plant would benefit the people of the state and allotment of captive iron ore mines would considerably reduce the cost of the production of the steel plant, making it competitive.
Source - Business Line
